Fox News: Philly men face federal charges for allegedly stealing 2 million dimes from truck

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Goldbully
Goldbully Posts: 18,557 ✭✭✭✭✭
edited October 24, 2023 5:11AM in U.S. Coin Forum

Attempting to steal 6 tons of dimes is not a smart thing to do.

I bet the thieves didn't know it was such a small denomination.

Fox News
By Sarah Rumpf-Whitten
Published October 23, 2023 5:07pm EDT

Philadelphia men face federal charges for allegedly stealing 2 million dimes from truckload of coins
Police say that the four thieves stole $234,500 in dimes from the truck

Federal authorities unsealed charges against four men who earlier this year allegedly broke into an unmarked trailer containing 2 million dimes in Philadelphia.

Authorities say that 25-year-old Rakiem Savage, 31-year-old Ronald Byrd, 30-year-old Haneef Palmer and 32-year-old Malik Palmer face conspiracy, robbery, theft of government money and other charges.


Police say that the four thieves stole $234,500 in dimes from the truck. (FOX29 Philadelphia WTXF)


The unmarked trailer contained $750,000 in dimes, according to police (FOX29 Philadelphia WTXF)

Story here

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  • Conshyboy
    Conshyboy Posts: 479 ✭✭✭✭
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    Glad they were caught but how stupid of them to try and convert the dimes at local banks, that story ran for days on the local news, and bank employees were probably told to be on the lookout for such a transaction

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    They're " lookin' at ten ".
    😇 ( cents) ....or less , with good behavior.

  • logger7
    logger7 Posts: 9,859 ✭✭✭✭✭
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    I'm glad they caught the crooks; there are too many people who think that the "finders keepers" law gives you carte blanche to steal what isn't yours like this local crook: https://www.trumbulltimes.com/news/article/trumbull-tax-money-stolen-bank-bag-withington-18332495.php

  • heavymetal
    heavymetal Posts: 661 ✭✭✭✭
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    Those guys will have a very funny story to tell their fellow convicts.

  • SanctionII
    SanctionII Posts: 13,187 ✭✭✭✭✭
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    Just imagine if this theft took place in or before 1964.

    The melt value of the stolen dimes would be about 15-18 times face value.

  • batumi
    batumi Posts: 936 ✭✭✭✭
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    They must have taken the 'Brother, can you spare a dime' a little too seriously!

  • Namvet69
    Namvet69 Posts: 9,423 ✭✭✭✭✭
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    Wonder if they used a shopvac to clean up the mess

    BST: endeavor1967, synchr, kliao, Outhaul, Donttellthewife, U1Chicago, ajaan, mCarney1173, SurfinHi, MWallace, Sandman70gt, mustanggt, Pittstate03, Lazybones, Walkerguy21D, coinandcurrency242 , thebigeng, Collectorcoins, JimTyler, USMarine6, Elkevvo, Coll3ctor, Yorkshireman, CUKevin, ranshdow, CoinHunter4, bennybravo, Centsearcher, braddick, Windycity, ZoidMeister, mirabela, JJM, RichURich, Bullsitter, jmski52, LukeMarshall, coinsarefun, MichaelDixon, NickPatton, ProfLiz, Twobitcollector,Jesbroken oih82w8, DCW

  • Jacques_Loungecoque
    Jacques_Loungecoque Posts: 733 ✭✭✭✭✭
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    This whole thing was just silly from the jump. How in the name of all that’s Holy did these Ph.D candidates expect to launder hundreds of thousands of dollars in dimes??? Seriously? You’re looking at a lifetime if you don’t want to get caught.

    The only, and I mean only way I could see it possible would be to open a front business of vending machines. Even then the banks and Feds would be on high alert, so any high dime ratio could do you in. I had a LEO tell me once during a ride along that if it wasn’t for criminals being overwhelmingly of low intelligence, they’d likely only catch 10%. Believe me when I say, he said it in MUCH more colorful language. 😉

    Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.

  • WillieBoyd2
    WillieBoyd2 Posts: 5,410 ✭✭✭✭✭
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    Possibly they can be sent to the prison where the guys who stole a truckload of nickels are incarcerated.

    A "nickel and dime" bunch of guys.

    :)

    https://www.brianrxm.com
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  • Morgan13
    Morgan13 Posts: 2,692 ✭✭✭✭✭
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    If you can't do the time don't steal a dime, don't do it......

    Student of numismatics and collector of Morgan dollars
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  • CaptHenway
    CaptHenway Posts: 34,167 ✭✭✭✭✭
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    So how were they trying to launder the dimes?

    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • Overdate
    Overdate Posts: 7,318 ✭✭✭✭✭
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    @SanctionII said:
    Just imagine if this theft took place in or before 1964.
    The melt value of the stolen dimes would be about 15-18 times face value.

    That would be the melt value today. The melt value in or before 1964 was, at most, about 94% of face.

  • PerryHall
    PerryHall Posts: 47,752 ✭✭✭✭✭
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    @CaptHenway said:
    So how were they trying to launder the dimes?

    Probably acetone or e-Z-est.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • Extremeengineer
    Extremeengineer Posts: 138 ✭✭✭
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    It would have taken years for you all to answer all of the "is this a mint error" threads had these guys not been caught.

  • PerryHall
    PerryHall Posts: 47,752 ✭✭✭✭✭
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    That looks like a Walmart parking lot where they all spilled out. :D

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • scotty1419
    scotty1419 Posts: 1,172 ✭✭✭✭
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    Could have tried a box a week at the local grocery store. lol.

  • BillJones
    BillJones Posts: 35,935 ✭✭✭✭✭
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    What are you going to do with 2 million dimes? You can barely spend cash these days.

    Are you going to back the truck up to the credit card company and offer to pay your balance in dimes?

    This crook is dumber than a bag of hammers. Two million dimes is almost the most illiquid form of money. Only cents and nickels are worse.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • Goldbully
    Goldbully Posts: 18,557 ✭✭✭✭✭
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    @PerryHall said:
    That looks like a Walmart parking lot where they all spilled out. :D

    That’s a correct statement..

    From the PR……

    During the night, the driver parked the trailer in a Walmart parking. The thieves broke into it there.
    😅

  • Smudge
    Smudge Posts: 10,001 ✭✭✭✭✭
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    Run them over a few times and post them here and call them rare mint errors. Then bitch when told they are not.

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