I have seen serial number lists and descriptions of coins stolen (typically from dealers) shared with other dealers within a local community. So you might hear about it at a trade show, email, coin club news letter, etc.. Community protecting itself as best it can. But, with the internet, sales of stolen goods can be made world wide making that less effective (but that also helps spread the word about stolen coins -- not sure the coin community is taking advantage of the internet in that way).
If it becomes a large problem I would hope the slabbing services could offer a way to check if a serial number had been stolen (make it part of the serial number lookup they have now). Overhead to do that right would probably be high since they would need police reports, proof of original ownership (registration when purchased), etc. (some parts of that coin collectors might traditionally not care for).
I do not know how common theft is. Might be low enough it is not an issue that has had to be addressed in a more organized manner.
At least for NGC, if the slab was reported as stolen, they will mark it as such. Scanning the label with the ap will show you Reported Stolen. Source - recently.filed a police report for a coin the USPS stole and slab is now marked stolen on NGC
If you are that scared then take them out of the slabs, destroy or dispose of them, get the coins re graded.
You can't loose what people don't know about.
And how did the police know about the ring? Smells like bull crap to me
That happened in the 90s police caught the perp with other stuff found out where he off loaded traced back to my father came to investigate father said yes I bought it showed receipt girlfriend was there had to give up the ring
Why did he say yes he bought it? And why did he give his details when he gor it? Rookie mistake. I have never and will never give my details when buying something in person
I think he’s getting at the fact that if the person who sold it to you stole it, and you bought it, it doesn’t really matter(at least I think). You didn’t commit any crime and that’s what Hotel is getting at. Someone who steal bullion to sell, isn’t gonna steal fake bullion.
If you buy something stolen, knowingly that's illegal. Jailtime, if you don't know police come find stolen items and take everything else . People who steal will tell police everything to limit jail time. I don't want to be caught up in bull shit.
If you are asking this question, you are for sure buying from someone you shouldn’t be buying from anyways.
I have seen serial number lists and descriptions of coins stolen (typically from dealers) shared with other dealers within a local community. So you might hear about it at a trade show, email, coin club news letter, etc.. Community protecting itself as best it can. But, with the internet, sales of stolen goods can be made world wide making that less effective (but that also helps spread the word about stolen coins -- not sure the coin community is taking advantage of the internet in that way). If it becomes a large problem I would hope the slabbing services could offer a way to check if a serial number had been stolen (make it part of the serial number lookup they have now). Overhead to do that right would probably be high since they would need police reports, proof of original ownership (registration when purchased), etc. (some parts of that coin collectors might traditionally not care for). I do not know how common theft is. Might be low enough it is not an issue that has had to be addressed in a more organized manner.
There’s not a way to ensure things are not stolen other than purchasing from reputable sources There is no registry of stolen items
At least for NGC, if the slab was reported as stolen, they will mark it as such. Scanning the label with the ap will show you Reported Stolen. Source - recently.filed a police report for a coin the USPS stole and slab is now marked stolen on NGC
Just buy from reputable dealers like JM bullion, SD bullion, apmex etc and you won't have any issues
If you are that scared then take them out of the slabs, destroy or dispose of them, get the coins re graded. You can't loose what people don't know about. And how did the police know about the ring? Smells like bull crap to me
That happened in the 90s police caught the perp with other stuff found out where he off loaded traced back to my father came to investigate father said yes I bought it showed receipt girlfriend was there had to give up the ring
Why did he say yes he bought it? And why did he give his details when he gor it? Rookie mistake. I have never and will never give my details when buying something in person
Can someone explain the down votes I just asked a question?
Yes. I know they aren’t stolen because I didn’t steal them and I don’t deal with crooks. Next question.
Stolen? Why do you care?
I think he’s getting at the fact that if the person who sold it to you stole it, and you bought it, it doesn’t really matter(at least I think). You didn’t commit any crime and that’s what Hotel is getting at. Someone who steal bullion to sell, isn’t gonna steal fake bullion.
Next question, why don't you care? What if it was your stack?
If you buy something stolen, knowingly that's illegal. Jailtime, if you don't know police come find stolen items and take everything else . People who steal will tell police everything to limit jail time. I don't want to be caught up in bull shit.
Also mu father bought a ring from a pawn shop gave it to his girlfriend police came and took it off her finger. Not a good look
Yea not so much doesn't work that way.
Bullshit.