UPDATE ON STOLEN -- MISSING COINS IN FED EX SYSTEM $ 175,000 MISSING URGENT

Comments

• rkfish Posts: 2,617 ✭✭✭

  February 21, 2005 5:14AM

  Jon,
  
  Just saw this on the CCE.......let's all keep an eye out as most know they will probably turn up.

  Steve
  
  Check out my PQ selection of Morgan & Peace Dollars, and more at:
  WWW.PQDOLLARS.COM or WWW.GILBERTCOINS.COM

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• mrfred Posts: 718

  February 21, 2005 5:19AM

  
  I think this one needs a 'sticky' to stay at the top of the list. There is a lot of value in that list!

  Life got you down? Listen to John Coltrane.
  

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• Jdurg Posts: 997 ✭

  February 21, 2005 5:21AM

  Time to scour E-Bay.

  I collect the elements on the periodic table, and some coins. I have a complete Roosevelt set, and am putting together a set of coins from 1880.

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• TerrapinWill Posts: 848

  February 21, 2005 5:36AM

  ttt

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• relayer Posts: 10,570 ✭

  February 21, 2005 5:38AM

  Dang - that's a pretty big theft

  
  My posts viewed times
  since 8/1/6

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• coinlieutenant Posts: 9,320 ✭✭✭✭✭

  February 21, 2005 5:39AM

  I'll keep an eye out Jon.
  
  J

  siliconvalleycoins.com

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• Myqqy Posts: 9,777 ✭

  February 21, 2005 5:43AM

  I think this one needs a 'sticky' to stay at the top of the list.
  
  I agree......

  My style is impetuous, my defense is impregnable !

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• JrGMan2004 Posts: 7,557 ✭

  February 21, 2005 5:55AM

  I would suggest that everyone contact their local dealers with this information... spread the word...

  -George
  42/92

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• RBinTex Posts: 4,328 ✭

  February 21, 2005 6:01AM

  21849879
  21849884
  21849886
  21849887
  21849890
  21849891
  21855052
  21855236
  21868425
  21896026
  21896036
  59598823
  59599305
  59599306
  59599312
  59605606
  59606901
  59606906
  59629506
  60094763
  72994476
  72994478
  73009865
  73059647
  73074809
  73074817
  73074822
  73090663
  73090695
  73177462
  73177464
  73177467
  73177470
  73177471
  73177472
  73183185
  73183190
  73183195
  73183204
  73183207
  73197089
  73197098
  73197101
  73197104
  1856873005
  1856873006
  1856873009
  1856873011
  1857055046
  1857202035
  1857202036
  1857202037
  1857202038
  1887304008
  

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• swhuck Posts: 546 ✭✭✭

  February 21, 2005 6:34AM

  We'd like to heartily thank Jon at Scarsdale Coin for posting this information and Collector's Universe for making sure that this story gets the attention it deserves. Hopefully this will lead directly to the recovery of the stolen merchandise.

  Sincerely,
  
  Stewart Huckaby
  mailto:stewarth@HA.com
  ------------------------------------------
  Heritage Auctions
  Heritage Auctions
  
  2801 W. Airport Freeway
  
  Dallas, Texas 75261
  
  Phone: 1-800-US-COINS, x1355
  Heritage Auctions

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• MAD4MORGANS Posts: 2,044

  February 21, 2005 6:38AM

  Here is a link for a search on eBay to check for them if they surface there:
  
  EBAY SEARCH 1904 $20 DOUBLE EAGLE
  
  I also cut and pasted the serial numbers RBinTex sequenced into a notepad to use in conjunction with an eBay search on my desktop. perhaps some others may do something to for an occasional search on eBay or other sites.
  
  Hope they show up still in the slabs.
  
  

  
  If I only had a dollar for every VAM I have...err...nevermind...I do!!
  
  My "Fun With 21D" Die State Collection - QX5 Pics Attached
  -----
  Proud Owner of
  2 –DAMMIT BOY!!! ® Awards

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• TUMUSS Posts: 2,207 ✭

  February 21, 2005 7:12AM

  Best wishes for the success of locating the coins!

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• hamiltonjh Posts: 1,140

  February 21, 2005 7:42AM

  
  
  I'll keep my eyes open too....sorry to hear about this deplorable act

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• Peaceman Posts: 5,098

  February 21, 2005 8:21AM

  As I understand it, Fed Ex will not insure coins whatsoever.......

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• northcoin Posts: 4,987 ✭✭✭✭✭

  February 21, 2005 8:27AM

  Were these sent from Heritage? If so, perhaps Heritage has its own insurance that covers use of Fed Ex???? Not sure how this works, but would be very surprised if a company like Heritage would go shipping coins uninsured of that value.

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• techeff Posts: 2,285

  February 21, 2005 9:09AM

  As I understand it, Fed Ex will not insure coins whatsoever.......
  
  Then why in the hell would you use FedEx???

  

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• RBinTex Posts: 4,328 ✭

  February 21, 2005 9:29AM

  WTF!

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• coinguy1 Posts: 13,484 ✭✭✭

  February 21, 2005 9:30AM

  
  
  << <i>As I understand it, Fed Ex will not insure coins whatsoever >>
  
  
  
  << <i>Then why in the hell would you use FedEx??? >>
  
  You would use them for fast, efficient shipment of the merchandise.
  
  Dealers who use Fedex typically have their own insurance policies which cover Fedex and/or Express Mail shipments.
  
  However, besides the inconvenience and possible increase in insurance fees (or the possibility of being dropped from the policy) in the event of a loss, the insured is also out the amount of the applicable deductible.

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• techeff Posts: 2,285

  February 21, 2005 9:44AM

  You would use them for fast, efficient shipment of the merchandise.
  
  2 to 3 business days anywhere in the US via USPS registered mail, I consider to be fast, efficient, and "safe." But, that's just me...

  

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• coinguy1 Posts: 13,484 ✭✭✭

  February 21, 2005 9:48AM

  
  
  << <i>2 to 3 business days anywhere in the US via USPS registered mail, I consider to be fast, efficient, and "safe." But, that's just me... >>
  
  Techeff, you've either been very lucky or told wrong. Depending upon where you are shipping from and to, registered mail can take a week or longer.

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• techeff Posts: 2,285

  February 21, 2005 10:02AM

  Techeff, you've either been very lucky or told wrong. Depending upon where you are shipping from and to, registered mail can take a week or longer.
  
  Coinguy1, It has to be luck then because I use registered mail once or twice a week. Well, at least I'm lucky at something.

  

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• cosmicdebris Posts: 12,332 ✭✭✭

  February 21, 2005 10:44AM

  <<2 to 3 business days anywhere in the US via USPS registered mail, I consider to be fast, efficient, and "safe." But, that's just me...>>
  
  It once took a registered letter 17 days to travel 500 miles from PA to CT for me. I was so pissed off and worried it was not funny.

  Bill
  
  
  
  09/07/2006

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• cdan12 Posts: 364

  February 21, 2005 11:07AM

  registered mail is usually as slow or slower than 1st. class.

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• Yousri Posts: 477

  February 21, 2005 11:31AM

  That's strange, how they know this package was valuable?
  Does it sound like an inside job between Heritage employee and FedEx employee

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• techeff Posts: 2,285

  February 21, 2005 11:38AM

  It once took a registered letter 17 days to travel 500 miles from PA to CT for me. I was so pissed off and worried it was not funny.
  
  Once...
  
  I once spent a month in Puerto Vallarta one night.

  

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• RedneckHB Posts: 19,681 ✭✭✭✭✭

  February 21, 2005 12:29PM

  Registered mail usually takes 7-8 days for me across country.

  Excuses are tools of the ignorant

  Knowledge is the enemy of fear

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• fountainheadgold Posts: 2,467 ✭

  February 21, 2005 1:51PM

  I have sent and recieved hundreds of registered mail packages, it almost always takes 5 days

  Michael
  

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• STEWARTBLAYNUMIS Posts: 2,697 ✭✭✭✭

  February 21, 2005 11:26PM

  
  US Post Office Express Mail is the choice of Stewart Blay Numismatics.
  
  I have never lost Jack schit
  
  Stewart

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• boz Posts: 1,405 ✭

  February 21, 2005 11:27PM

  
  
  << <i> the last scan was in Memphis on Friday. >>
  
  
  
  That doesn't mean it made it to Memphis.
  I lost some coins using Fedex. The employee explained to me that the packages are shipped in crates and the crate is scanned, not each individual item. That parcel could have been lifted anywhere along the line.
  
  Fedex is the worst way to ship coins IMHO

  The great use of life is to spend it on something that will outlast it--James Truslow Adams

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• Jdurg Posts: 997 ✭

  February 22, 2005 1:51AM

  Should E-Bay be notified about this in case someone is stupid enough to put an ID number someplace in their auction? Maybe E-Bay could scan the auctions quicker than one of us could. Also, with them knowing it make prosecution a lot easier once the douche-bag(s) is(are) found.

  I collect the elements on the periodic table, and some coins. I have a complete Roosevelt set, and am putting together a set of coins from 1880.

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• Longacre Posts: 16,717 ✭✭✭

  February 22, 2005 2:03AM

  Registered mail took 14 days to deliver a package from the east coast to the west coast for me.

  Always took candy from strangers
  Didn't wanna get me no trade
  Never want to be like papa
  Working for the boss every night and day
  --"Happy", by the Rolling Stones (1972)

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• MadMarty Posts: 16,697 ✭✭✭

  February 22, 2005 2:08AM

  
  
  << <i>US Post Office Express Mail is the choice of Stewart Blay Numismatics. It get's those love letters to Laura toot-sweet!!
  
  I have never lost Jack schit
  >>
  
  
  
  

  It is not exactly cheating, I prefer to consider it creative problem solving!!!
  
  

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• FinallyHere Posts: 821 ✭✭✭

  February 22, 2005 4:10AM

  I'm sure others that do not read this board as well as some that do will confirm that Fed-X has a very big problem with inside jobs and missing packages or packages delivered empty. I've had three such incidents in the past 8 months, 1 recovered thank goodness, and am working very closely with the higher-ups at Fed-X both on a corporate level and from a security standpoint. They definitely have a big problem and they are keenly aware of it. Prior to 8 months ago I had no losses for over 9 years.
  
  I should have thought enough to post the coins in my last package to the boards here.....great idea!
  
  Mike

  Mike Printz
  Harlan J. Berk, Ltd.
  https://hjbltd.com/#!/department/us-coins

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• ScarsdaleCoin Posts: 5,331 ✭✭✭✭✭

  February 22, 2005 4:36AM

  Hi Mike....glad you are here with us.....the members of the board are great at sorting out the good, bad, and the ugly...if the coins are out there...I bet one of the board members has a hand at helping em turn up.....meantime.....a suggestion.....when you send coins to a dealer and the name of the dealer has the word coin in it....try using CN instead of Coin

  Jon Lerner - Scarsdale Coin - www.CoinHelp.com

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• FinallyHere Posts: 821 ✭✭✭

  February 22, 2005 5:09AM

  John,
  
  Thanks for the suggestion, but I NEVER use coin or numismatics or any shape or form of those words. In my opinion and those within Fed-X security, the criminals that are targetting these packages are doing so because in most cases these packages are light in weight and are shipped in boxes thereby drawing attention to them. In the case mentioned here by Heritage, that obviously is not the case since 62 or 63 $20 Libs and/or Saints would be very heavy. But, the insurance companies that provide the private coverage Mark mentioned almost always require the packages be shipped via a box inside a box. If you're shipping 1 or 2 or even 3 coins and they go box in a box you have a package with very little weight inside a large box. I'm certain they are not targetting packages by company since there are simply too many thousands of packages per day that flow through these sorting facilities. That leaves the lightweight package inside a big box as a primary reason for suspicion. More often than not they, the bad guys, think these packages contain jewelry, but whatever they think is inside, they realize a lightweight pacakge inside a big box is most likely something of value because of their knowledge of insurance regs and the fact that most folks are not going to ship documents inside a box.......they'll use an envelope.
  
  Just my two cents.
  
  Mike

  Mike Printz
  Harlan J. Berk, Ltd.
  https://hjbltd.com/#!/department/us-coins

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• koynekwest Posts: 10,048 ✭✭✭✭✭

  February 22, 2005 5:20AM

  I've used Registered mail for 30 years. Never more than 4 or 5 days to deliver and never a single problem. The ONLY way to go IMO.

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• BarberKid Posts: 126

  February 22, 2005 5:25AM

  Maybe PCGS should start installing lowjack in all of its holders. JK
  That would be cool but imagine the grading fees

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• bigtonydallas Posts: 1,126 ✭✭✭

  February 22, 2005 7:38AM

  For that much moola why not send it via bonded courier service. Might cost ya $200-$300 but it worth it in the long run.

  Big Tony from Texas! Cherrypicking fool!!!!!!

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• bigtonydallas Posts: 1,126 ✭✭✭

  February 22, 2005 7:44AM

  FedEx also has a white glove service. Has anyone tried it?
  

  Big Tony from Texas! Cherrypicking fool!!!!!!

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• Bustman Posts: 1,911 ✭

  February 22, 2005 7:55AM

  A recent registered letter took ten days to reach me in NY, from Co.. Not the first time either. Wayyy too slow!

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• jbsteven Posts: 6,178 ✭

  February 22, 2005 8:29AM

  on a side note for Fedex.
  
  I have sent at the very least 20,000 fedex packages and NEVER had one lost.
  
  Only about 50 have had coins in them.

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• RBinTex Posts: 4,328 ✭

  February 22, 2005 8:35AM

  "I have sent at the very least 20,000 fedex packages and NEVER had one lost."
  
  JB, consider yourself lucky.
  
  I've sent AT LEAST that amount as well but SEVERAL have gotten lost or mishandled (i.e. accepted worthless personal check when I specified secured funds - for COD's, or they lost the pasyment instrument after they collected it).
  
  Although, their declared value is a joke & I stopped paying it over 5 years ago. I was spending over 20k per year on it and they almost never paid out - even when they were clearly at fault. They go to extreme lenghts to find a reson not to pay you. Anyway, the "self-insurance" savings are now about $90,000 net as they average about $2,000 per year in screwups.
  

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• Barry Posts: 10,100 ✭✭✭

  February 22, 2005 8:38AM

  A thought about Fedex:
  
  I'm sure any dealer using them knows they don't insure coins and must have outside insurance. The crooked (smart) Fedex employee knows this, too. He figures if his company isn't insuring the package, there's very little grief to be had for a "misplaced" package here or there., since Fedex won't have to make good on any insurance.
  
  If you're a dealer, does Fedex pick up at your shop? If so, that's how the employee knows what's being shipped.
  
  My suggestion (besides not having anything like "coin" or "numismatics" in your return address): Take your packages to a drop box, rather than using pickup service. Obviously this won't work for Heritage because of their volume, but should be doable for the average dealer.

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• dtkk49a Posts: 2,490 ✭✭✭

  February 22, 2005 11:02AM

  Someone please let me know if I am out of line here.
  I guess I am looking for someone to explain to me why someone would ship 63 Twenty Dollar Gold Peices via Fedex without knowing that they do not insure coins, knowing that they would need to get third party insurance, knowing the potential for something to "fall off the truck" ???
  
  Registered & Insured mail via the US Postal Service should have been the only method of shipping even considered here. I would think that getting the package to its destination safely would be more important than getting it to its destination quickly.
  
  
  
  

  Follow me - Cards_and_Coins on Instagram
  
  
  
  They call me "Pack the Ripper"

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• BAJJERFAN Posts: 31,305 ✭✭✭✭✭

  February 22, 2005 11:15AM

  A year ago I won a coin at the Heritage FUN auction for around $3K . They sent it FEDEX. Everything else I ever got from them was sent USPS priority. Its always left in the mailbox tho. No signature is ever required.

  theknowitalltroll;

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• Barry Posts: 10,100 ✭✭✭

  February 22, 2005 11:21AM

  dtkk49a (and others) - Did anyone ever say Heritage didn't have insurance on the coins? I'd bet my 74-CC dimes that they have a 3rd party insuring their Fedex packages. They didn't get to where they are by making dumb business decisions. However, that doesn't mean they don't want to catch the bustard.

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• DMWJR Posts: 6,042 ✭✭✭✭✭

  February 22, 2005 11:48AM

  Registered & Insured mail via the US Postal Service
  
  There is a limit to the insurance you can purchase this way.
  
  Also, Heritage has an insurance policy that covers lost packages, and they have a very specific way of having you ship coins to them above a certain dollar amount.
  
  One very good thing about FedEx is that I can take it to the drop off in my city at 7:00p.m. and mark it for next day early a.m. delivery, so the coins are only out of sight for about 15 hours. To me this narrows the window of opportunity substantially for theft of this type.
  
  For those talking about "delivery confirmation," this has always bothered me as well. I find "delivery confirmation" packages sitting in my mail box. What good is that? They should send the packages "signature confirmation" which requires me to go around to the window and sign for the package. Delivery confirmation costs $.55 and signature confirmation costs $1.80.

  Doug

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• BAJJERFAN Posts: 31,305 ✭✭✭✭✭

  February 22, 2005 12:12PM

  As I have said before; wonder what Heritage would say or do if you told them that you did not get the package.

  theknowitalltroll;

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• leothelyon Posts: 8,489 ✭✭✭✭✭

  February 22, 2005 1:28PM

  
  
  << <i>Someone please let me know if I am out of line here.
  I guess I am looking for someone to explain to me why someone would ship 63 Twenty Dollar Gold Peices via Fedex without knowing that they do not insure coins, knowing that they would need to get third party insurance, knowing the potential for something to "fall off the truck" ???
  
  Registered & Insured mail via the US Postal Service should have been the only method of shipping even considered here. I would think that getting the package to its destination safely would be more important than getting it to its destination quickly. >>
  
  
  
  No, you're not out of line here! 63 $20 gold makes for a hefty little package, is there no wonder why it's missing! First class and registered mail can be insured up to $25000! Using Fedex was an act of stupity! Might as well had sent them by a jackass!! As a receptient, I would have insisted on registered mail! Why even bother?
  
  Leo

  The more qualities observed in a coin, the more desirable that coin becomes!

  My Jefferson Nickel Collection

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• coinguy1 Posts: 13,484 ✭✭✭

  February 22, 2005 1:41PM

  
  
  << <i>My suggestion (besides not having anything like "coin" or "numismatics" in your return address): Take your packages to a drop box, rather than using pickup service >>
  
  Barry, my insurance company does not allow that for my FedEx packages - the packages must be dropped off at a FedEx office or picked up and scanned by a FedEx employee.
  
  To those of you who have said it was foolish (or worse) for the sender to use FedEx - you don't have all of the facts and appear to be big fans of hindsight. It's unfair to criticize when you don't know the particulars.

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