Skip to comments.'Pawn Stars' store melts down $50K in gold coins
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 ...
Who melts down valuable old gold coins just for their gold?
Unless you are trying to hide something...
Well, since the niece pilfered them, who committed the crime?
So “Pawn Stars” turn out to be crooks...what a surprise!
Melting down collectible rare coins for the gold doesn’t make sense.
UNLESS you are up to no good.
It seems as if she needed money fast, a certain amount and accepted it. At least that is one interpretation.
Since they were melted, there is no way to determine the actual value, beyond the gold. So sure, they were worth $50K...
Who says the gold coins were valuable?
I read this story a few days ago on another forum. The rightful owner claims the coins were worth $40,000.
Sure they were. At least he’s hoping to collect that from his insurance company.
But to a pawn shop? Its just scrap metal.
“Who melts down valuable old gold coins just for their gold?”
Several gold traders used to show up at the gun show I go to. They sold several grades of coins, including one called “scrap gold.” This meant that the coins had no collectable value because of their condition and were only worth what the gold was worth.
Not saying I bought any of those or would have buried them anywhere.
I wish someone would start a “Pawn Stars Channel”. Then maybe they’d put some history shows on it.
According to the store’s spokesperson, there was concern over the claimed value, so they had the cases opened and the coins appraised (at least some of them). They are claiming that the coins were not as valuable as the owner believed (or chose to use for the complaint).
It does not appear, on the surface, that the store did anything in contravention of the law. Sales at pawn shops generally include a statement from the offeror that he/she is the legal owner of the goods offered and the value offered in exchange by the shop is clear and accepted.
Seems to me the owner has an issue with the actual thief...
And, the store has an issue with a fraudulent customer.
Isn’t that the truth?!
people pawn their stuff because they need dinero pronto...
Nowhere in the story does is say the coins were “rare, collectible”...gold coins are not in fact rare. I DO however agree that melting them down makes no sense. The spokesperson said something about melting them down if the coin’s grader is not known to them. STILL makes no sense to me...either it’s gold or not.
If they didn’t have a show would this story even make the local news? $ound$ like he’$ looking for deep pocket$.
Why do we waste so much money on our justice system when we have you? Defendants could simply be paraded out in front of you and you could judge them simply based on their appearance.
I think you’re right. The article I read the other day? It said that Rick was selling similar gold coins in his own shop for thousands of dollars. So why did he melt down this “scrap gold”?
Pawn shops generally buy at 50 cents on the dollar. Then double that as a quick sale retail price. If they paid $12,000 for the gold and got maybe 24-25 thousand in return for the scrap value, then they made a good deal. Could they later have held on to the coins for months and maybe gotten $30,000?
To my above post...some older gold coins are obviously rare and very collectible, but the story doesn’t say what they were.
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