Posted on 03/14/2014 6:16:29 AM PDT by ConservativeStatement
March. 14 (UPI) -- A Nevada man filed a criminal complaint alleging his niece stole and sold his $50,000 coin collection to reality TV's Pawn Stars, which then melted the gold down.
David Walters filed the complaint with the Clark County Justice Court on Nov. 27, and by time police notified the pawn shop on Dec. 5, the gold pieces had already been melted down, Radar Online reported.
(Excerpt) Read more at upi.com ...
Not all gold “coins” are or ever were currency. There are lots of “commemerative” coins created to sell for more than the value of the gold. (ie. Get your rare commemorative Elvis coin in pure 14 carat gold!). If that’s what these were than the items were probably worth no more than the gold contained in them. The “melt value”.
Are there ANY gold coins not worth MORE THAN THEIR MELT VALUE????
NO!!!!!!!
True. The article never states what kind of coins these were.
Items that are manufactured and sold as “collectibles” eventually descend to the intrinsic value of whatever they are made of.
These networks do their internal polling and put on the shows people want to watch. The low information crowd wants “reality” shows, food shows with chefs screaming at each other and plenty of aliens, UFOs and Bigfoots. Those are what brings in the ratings.
Destroying the evidence is a pretty good indicator of guilt.See Waco,as in missing entry doors and quickly bulldozed site.
I haven’t time to judge everyone but feel free to get in line!
But thanks for your endorsement.
When I worked in a coin shop I saw it happen a few times.
This was when gold was close to $2,000.00 an ounce and the coins were European. Still, they looked MS to me but the buyer had them scrapped.
I can only imagine how many fine coins were scrapped during all the times silver prices were high.
Which is a perfect location. My XH was a pawnbroker/store owner. They specifically scouted locations where there were a lot of old apartments in a central location, and usually preferred a strip center with a liquor store in it.
They melted down gold all the time, but mostly “scrap gold”, which was usually 10K gold jewelry. I don’t recall them running across many gold coins, though.
If this daughter sold the coins outright, then the store owns them and they can do as they wish. No crime committed by them. The daughter’s the criminal here.
We used to have a good weather channel, then NBC bought it, turned it into a weather history and sometimes weather channel.
We hated it when a tornado was on the way and we were getting some history show for an hour.
Not that station is gone, and DTV has a really good weather channel on now. 361.
Too many of the good History style channels have fallen to Reality shows. No history anymore. At least they are not hunting ghosts now.
Not = “Now we have....”
Good thing she didn’t sell them to Hardcore Pawn.
They would have ended up as gold teeth for about a hundred of their customers.
Are you telling me that you don’t get a trustworthy feeling from Chumlee?...have a good weekend,FRiend
They should return to the good old days of being the Hitler Channel.
The Pawn Stars guys aren’t crooks.
Rick is a real good dude.
There is actually quite a bit of history to be learned about from watching Pawn Stars.
In fact about 90 percent of it is about history.
She took $12,000 and the guy says they were $50,000? Something seems fishy here. I’ve watched Rick buy and sell gold and silver and he always gives spot market value or collector value.
Also seen one where a guy sold some ancient coin that they paid $1500 for but turned up on the stolen list. They were prepared to turn it in and take the loss but the owner had already been compensated by insurance so they were able to keep the coin. It was brought in from a third party who bought from another seller.
I can't conceive of an American Gold coin not worth more than it's gold content.
If they were worth that much as coins they wouldn’t have melted them. It’s not that tough to get things appraised, and the reality is unless the coins are of a type that has an active collecting community (which generally requires a good level of rarity) they usually aren’t worth more than the metal in them.
Harrison gave him bullion coins with no numismatic value.
Receiving Stolen Property is a crime-holding stolen property is a crime. They claim they have been in the business for years. They know they were stolen.
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