$4 million Canadian gold coin stolen

[afc wimbledon]

Originally Posted by Jacks

Not a challenge for 2 people to carry/roll out a door, Probably even doable for 1 fairly strong person.

Getting it up a ladder and out a window would be a bit more challenging.

have none of you heard of a handcart?

[CaptainCrunch]

Originally Posted by afc wimbledon

have none of you heard of a handcart?

You racist.

oh wait I totally misread that.

[Barnet Flame]

This thread reminds me of the trillion dollar bill in the Simpsons

[DiNaMo]

Talk about a versatile heist as well. Compared to say an antique painting that has to be kept whole and easily identifiable, gold has inherent value no matter what form.

I think if it doesn't get recovered in say the next month, you can consider it as good as melted into thousands of smaller pieces.

[GreenLantern2814]

Originally Posted by Fuzz

So you will forgive me if I steal your car without hurting you? Cool!

That's not a heist. Heists are cool.

[CaptainCrunch]

How do we know that it was actually the real gold coin that they stole.

What if it was a fake, a scam, a flim flam, a hustle, a gussied up phony coin. A huge chocolate wrapped in gold foil.

What if this is a double scam. that actual thieves stole a coin and found that it was actually chocolate wrapped in foil and the real coin is safely hidden away in Angela's locked basement, meanwhile the museum is cashing a huge carboard check from the insurance company to cover the theft.

that would make it a triple scam and they all prosper.

The museum gets money
Angela gets a cold coin
The thieves get sweet sweet chocolate.

[firebug]

Arrests have been made. Suspects are aged between 18 - 20.

Still no sign of the coin...

http://www.cbc.ca/news/world/coin-he...rest-1.4200761

[wookster]

Ok, so I read that this is a legal tender coin with a face value of $1,000,000. So if I had one, I could find something to buy for a million bucks and plop this baby down on the counter to pay for it...

But the article is saying its worth 4 million...is this because the gold is actually worth more in weight than the face value of the coin? It says 5 of these have been sold to private investors...anyone know how much these investors paid for these coins?

[Parallex]

Originally Posted by firebug

Arrests have been made. Suspects are aged between 18 - 20.

Nice to see Millennial thieves setting a high bar for themselves in conventional as well as cyber theft. Oh young people.

[Locke]

Originally Posted by Parallex

Nice to see Millennial thieves setting a high bar for themselves in conventional as well as cyber theft. Oh young people.

I'm still waiting for the photo of them rolling it down the street.

"Whats that you've got there?"

- "Dont worry about it."

[firebug]

Originally Posted by wookster

Ok, so I read that this is a legal tender coin with a face value of $1,000,000. So if I had one, I could find something to buy for a million bucks and plop this baby down on the counter to pay for it...

But the article is saying its worth 4 million...is this because the gold is actually worth more in weight than the face value of the coin? It says 5 of these have been sold to private investors...anyone know how much these investors paid for these coins?

The coin would be considered NCLT (non-circulating legal tender). Contrary to common belief, retailers are not obligated to accept coinage beyond a certain threshold (just like many refuse $50 or $100 bills) - so someone's fantasy of paying $5,000 in property taxes with pennies wouldn't fly.

Now I would certainly be willing to accept any nclt at any of my 4 retail locations as the market value of these items is always greater than its face value. Typically these items trade at a premium to the value of their raw-bullion value as well as to their 'face'. Bullion coins, such as the Gold Maple Leaf (or gold eagle, kruggerand, etc.) will likely trade very closely to the value of the underlying metal value (slight premium due to minting and marketing costs etc.).

For example, at the mint.ca you could by a 1kg gold coin for $75,000... its face value is only $2,500 however (its bullion value would be a bit over $50,000 currently).