Crime and Fraud

ANA Recovers Lost Coin with Dealer Help. VIDEO: 2:58

ANA Recovers Lost Coin with Dealer Help. VIDEO: 2:58

Kim Kiick, American Numismatic Association, Richard Snow, Eagle Eye Rare Coin Interviewer: David Lisot, CoinWeek.com……… The ANA has located another of the coins stolen from the Money Museum several years ago. Executive Director Kim Kiick talks about the recent recovery. Dealer Rick Snow, who was responsible for the recovery of the coin, talks about the […]

Excerpts from the E-Sylum: The New York Assay Office Gold Theft of 1978

Excerpts from the E-Sylum: The New York Assay Office Gold Theft of 1978

Each week, CoinWeek, in collaboration with the Numismatic Bibliomania Society, brings you a highlighted feature from the current volume of the E-Sylum eNewsletter. This week, E-Sylum reader and former head of the Bureau of Engraving and Printing and former Executive Director of the American Numismatic Association, Bob Leuver offers an abridged version of a report he filed […]

Numismatic Consumer Alliance Helps Coin Scam Victims Recover More than $8 Million

Numismatic Consumer Alliance Helps Coin Scam Victims Recover More than $8 Million

The Numismatic Consumer Alliance, Inc. helped recover nearly $1 million during 2013 for consumers who were victims of unscrupulous coin sales, according to John Albanese, founder and president of the not-for-profit watchdog organization. The Numismatic Consumer Alliance has now recovered a total of more than $8 million since it became operational in 2005 – an average of about […]

Merit Gold & Silver Lawsuit: Third Bullion Firm Targeted Under California Consumer Protection Law

Merit Gold & Silver Lawsuit: Third Bullion Firm Targeted Under California Consumer Protection Law

From CoinWeek reported by Charles Morgan and Hubert Walker ……… On February 13, 2014, the Santa Monica City Attorney’s Office filed a consumer protection lawsuit against Santa Monica-based Seacoast Coin, Inc., which is better known as the precious metals dealer Merit Gold and Silver. Merit is one of the most prominent precious metals dealers in the […]

Numismatic Crime Alerts: 2013

Numismatic Crime Alerts: 2013

Crimes related to numismatics know no boundaries and affects the numismatic industry around the world. Millions of dollars in numismatic items have been stolen from collectors and dealers who have fallen prey to a numismatic crime. The Numismatic Crime Information Center is a 501 (c)(3) non profit corporation established to coordinate and collaborate initiatives between […]

Numismatic Crime Information Center to Conduct Law Enforcement Seminar During F.U.N Show – January 2014

Numismatic Crime Information Center to Conduct Law Enforcement Seminar During F.U.N Show – January 2014

The Numismatic Crime Information Center will offer a one-day training class on “Numismatic Crime Investigations” for local, state and federal law enforcement officers. The class will be held in conjunction with the F.U.N. 59th Annual Convention January 9-12, 2014. The class is designed to provide law-enforcement personnel, including patrol officers, detectives, investigators and prosecutors, with […]

Numismatic Crime Information Center Update. VIDEO: 2:04

Numismatic Crime Information Center Update. VIDEO: 2:04

Doug Davis, Founder, NCIC Interviewer: David Lisot…… There is a nonprofit organization devoted to sharing information about crime and security in the numismatic industry. Doug Davis is founder of the Numismatic Crime Information Center. He shares the most recent news and achievements for NCIC. Copyright © CoinWeek LLC – June 2013 55th annual Texas Numismatic […]

By July 16, 2013 0 Comments Read More →
THE COLLECTIBLE COIN PROTECTION ACT (HR 1849)

THE COLLECTIBLE COIN PROTECTION ACT (HR 1849)

Non-Partisan Bill Aims to Thwart Influx of Counterfeit Coins Washington D.C In an effort to stimulate interest in the passage of H.R. 1849 (The Collectible Coin Protection Act) Barry Stuppler, chairman of the Gold & Silver Political Action Committee and Jimmy Hayes, the coin and bullion community’s political consultant, met with congressmen on June 19th 2013. The Collectible […]

EBay sellers—One More Scam To Watch Out For

EBay sellers—One More Scam To Watch Out For

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com ….. The advancements in digital photography and the ease of ability to post price lists and auctions on the internet have proved to be a real boon for coin sellers.  However, with the rise of legitimate online transactions comes new ways of trying to separate […]

Numismatic Consumer Alliance Recoveries Top $7 Million For Purchasers of Overpriced Coins

Numismatic Consumer Alliance Recoveries Top $7 Million For Purchasers of Overpriced Coins

The Numismatic Consumer Alliance, Inc. (NCA) helped recover nearly $1.3 million during 2012 for buyers who fell prey to unscrupulous coin sales, according to John Albanese, founder and president of the not-for-profit watchdog organization. That brings the overall total of NCA’s recoveries to more than $7.1 million since it became operational in 2005 – an […]

By April 18, 2013 4 Comments Read More →
Silver Bullion News: The “New” Liberty Dollar is Back

Silver Bullion News: The “New” Liberty Dollar is Back

By Al Doyle for CoinWeek….   The Liberty Dollar – a one-ounce silver medallion that attracted the attention and wrath of the federal government and resulted in a pending prison sentence for its creator – is back in a revised form. Although the New Liberty Dollar retains the main design elements of a Liberty head […]

By March 19, 2013 1 Comments Read More →
Central States Convention Bans Liberty Dollars

Central States Convention Bans Liberty Dollars

So-called Liberty Dollars, the creation of Bernard Von NotHaus and the National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code, more commonly known by the acronym NORFED, will not be part of the April 24-27, 2013 74th Anniversary Convention of the Central States Numismatic Society in Schaumburg, Illinois, according […]

By December 17, 2012 1 Comments Read More →
ANA Money Museum Gets Stolen Australian Holey Dollar Returned

ANA Money Museum Gets Stolen Australian Holey Dollar Returned

The 1813 Holey dollar was returned to the American Numismatic Association’s Edward C. Rochette Money Museum on Oct. 23. The Holey dollar is an 1813 Australian coin struck on a 1788 Spanish-American real piece of Charles III from Mexico City. It has a large hole punched out of it; around the hole is an added […]

ANA advises members to check credit, debit statements

ANA advises members to check credit, debit statements

The American Numismatic Association has received reports that several members had credit or debit card numbers stolen during their stay in Philadelphia for the World’s Fair of MoneySM. In light of this, the ANA advises members to check their credit and debit cards for unusual charges. The stolen credit card numbers did not come from […]

“Hotel Buyer” Scams Bring Federal, State, and Local Criminal Charges

“Hotel Buyer” Scams Bring Federal, State, and Local Criminal Charges

By Patrick A. Heller Commentary on Precious Metals Prepared for CoinWeek.com On Tuesday morning, CBS News reported on the cessation of operations by THR Associates, which ran perhaps the largest “hotel buyer” operation in the US over the past few years.  To view the story, Click Here. In an earlier report in May about this […]

Texas Man Wanted for Coin Theft – Dealers Take Note !

Texas Man Wanted for Coin Theft – Dealers Take Note !

Doug Davis from Numismaticcrimes.org sent us the following press release…… A warrant has been issued by the Jefferson County, Texas Sheriff’s Department for Bryson Miguel Cendejas W/M 12/19/1985 on a charge of Felony Theft. Investigators believe Cendejas stole gold and platinum coins from an elderly female valued between $100,000 and $200,000. Cendejas, owner of Golden […]

By June 19, 2012 1 Comments Read More →
Superior Gold Group Agrees to Final Judgment and Injunction

Superior Gold Group Agrees to Final Judgment and Injunction

Owner Bruce Sands Ordered to Pay $2 Million in Restitution and to Stay Out of the Precious Metals Business City of Santa Monica and L.A. County prosecutors have reached a final agreement with Superior Gold Group and its owner, Bruce Sands, more than one year after a court ordered the business placed under receivership and […]

Wyatt Yeager Sentenced to 27 months in ANA Museum Theft

Wyatt Yeager Sentenced to 27 months in ANA Museum Theft

COLORADO SPRINGS, CO – Former ANA collections manager Wyatt Yeager, 33, has been sentenced to 27 months in federal prison, two years supervised release and ordered to pay $948,505 in restitution for the theft of approximately 300 historically significant coins and objects from the American Numismatic Association Money Museum in Colorado Springs, CO. The sentence […]

Man Sentenced in Theft of ANA Coins Stolen from St. Louis Museum

Man Sentenced in Theft of ANA Coins Stolen from St. Louis Museum

A former St. Louis Museum of Transportation tour guide was ordered Thursday to serve three years of probation after pleading guilty to stealing six Civil War-era coins, valued at $18,844, which belonged to the American Numismatic Association Money Museum. The four-panel ANA traveling exhibit, “Money of the U.S. Civil War,” was scheduled to open at […]

Attorney General Brings Action Against AGT American Silver and Gold

Attorney General Brings Action Against AGT American Silver and Gold

The Texas Attorney General froze the assets of AGT American Silver and Gold March 1, and issued a temporary restraining order against the owners of the Austin-area company, which sells gold and silver bullion and coins. Lora Maestre and Rick Maestre, also known as David Winston, among others, are named in the action for violating […]

By March 12, 2012 0 Comments Read More →
ALL CHARGES DISMISSED, GOLDLINE ANNOUNCES

ALL CHARGES DISMISSED, GOLDLINE ANNOUNCES

Precious Metals Company Will Continue to Set Standard For Customer Disclosures SANTA MONICA, CA (PRESS RELEASE) – Goldline International Inc., the precious metals leader in customer service and disclosures, today announced an agreement with the Santa Monica City Attorney which dismissed all charges against the company and its employees. Under the agreement, the company agreed […]

By February 22, 2012 4 Comments Read More →
Goldline International Placed Under Injunction, Ordered To Change Sales Practices

Goldline International Placed Under Injunction, Ordered To Change Sales Practices

National Coin Dealer Must Also Refund Up To $4.5 Million To Customers, Set Up Fund For Additional Claims The Santa Monica City Attorney’s Office has obtained a judgment and injunction against Goldline International, Inc., one of the nation’s largest gold coin dealers. The injunction, believed to be the strongest ever levied against a precious metals […]

By February 22, 2012 2 Comments Read More →
Counterfeits and coin doctoring: Two threats to long-term rare coin market

Counterfeits and coin doctoring: Two threats to long-term rare coin market

By Steve Roach First published in the Feb. 13, 2012, issue of Coin World The problems of counterfeit coins and “coin doctoring” are two issues that have the potential to harm the coin market in the long term if not properly addressed. For replicas, eBay sellers typically pictured coins marked COPY in accordance with the […]

By February 14, 2012 0 Comments Read More →
NCA RECOVERS MORE THAN $1 MILLION FOR BUYERS OF OVERPRICED COINS

NCA RECOVERS MORE THAN $1 MILLION FOR BUYERS OF OVERPRICED COINS

The Numismatic Consumer Alliance, Inc. (NCA) helped recover more than $1.1 million in the last eight months of 2011 for victims of unscrupulous coin sales, according to John Albanese, founder and president of the not-for-profit watchdog organization. NCA intervention in eight cases led to settlements totaling $1,114,200 for buyers who unwittingly purchased grossly overpriced coins, […]

By February 7, 2012 2 Comments Read More →
Ex Collection Manager at ANA Money Museum Pleads Guilty to $1 Million Coin Theft

Ex Collection Manager at ANA Money Museum Pleads Guilty to $1 Million Coin Theft

Former ANA collections manager Wyatt Yeager entered a guilty plea yesterday in Federal District Court in Wilmington, DE, to the theft of approximately 300 historically significant coins and other numismatic objects, valued at $984,740, from the American Numismatic Association Money Museum, ANA President Tom Hallenbeck has announced. This case is being prosecuted by David L. […]

By January 13, 2012 0 Comments Read More →
PNG Sends Tipster First Reward In Theft Case, Total Could Be $175,250 If All Pledges Fulfilled

PNG Sends Tipster First Reward In Theft Case, Total Could Be $175,250 If All Pledges Fulfilled

(Temecula, California) — The Professional Numismatists Guild has issued the first $2,500 in pledged rewards totaling $175,250 to New Jersey coin dealer Ken Starrett whose tip to investigators led to the recovery of rare coins and bank notes stolen in 2009. PNG is alerting more than 70 other dealers who pledged the remaining amount of […]

Dealers Work Together to Apprehend Coin Thief

Dealers Work Together to Apprehend Coin Thief

Sergeant Tony Guzman, Houston Police Department Interviewer: David Lisot Gold and silver prices at record highs have increased the need for vigilance by coin dealers at a coin show to protect their inventories. At the Money Show of the Southwest action by some of the dealers on the floor of the convention helped in the […]

By December 5, 2011 1 Comments Read More →
Goldline Executives Accused of Theft and Fraud in a 19-Count Criminal Complaint

Goldline Executives Accused of Theft and Fraud in a 19-Count Criminal Complaint

Goldline International Inc., one of the nation’s largest retail precious metals dealers headquartered in Santa Monica, CA,  has been charged with theft and fraud in a 19-count criminal complaint filed by the Santa Monica City Attorney’s consumer protection unit. According to an ABC News report, the consumer affairs division of the Santa Monica City Attorney’s […]

By November 2, 2011 14 Comments Read More →
Finest Known Gold 1870-CC $20 Lib Stolen from Brinks Shipment

Finest Known Gold 1870-CC $20 Lib Stolen from Brinks Shipment

DALLAS, TX – A Brinks shipment from Professional Coin Grading Service to Heritage Auctions on Oct. 17 was apparently broken into, and the finest known 1870-CC $20 stolen. The coin is graded AU58 by Numismatic Guaranty Corporation and carries NGC Certification ID 3414402-001. “When we opened the Brinks bag, it was evident that the shipping […]

PCGS Rewards Counterfeit-Fighting Collector

PCGS Rewards Counterfeit-Fighting Collector

Officials of the Professional Coin Grading Service (www.PCGS.com) are applauding the efforts of collector Mike Marshall of Trenton, Ontario in combating the sales of counterfeit coins in Canada. At the recent PCGS Set Registry(SM) luncheon, PCGS announced it was awarding him with a check for $5,000 and a plaque praising his work . “Mike Marshall […]

By August 26, 2011 0 Comments Read More →
 
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