Coin Dealers Targeted by Organized Crime Groups

Coin Dealers Targeted by Organized Crime Groups Following Coin Show Attendances

[Arlington, TX] – Coin dealers across the nation have become the latest victims of organized crime, facing targeted attacks following their attendance at coin shows. Considering the recent criminal activity within the past ninety days, the Numismatic Crime Information Center is issuing a warning to coin show dealers and promoters to remain vigilant and take proactive security measures.

 

Reports received by NCIC show a surge in brazen thefts indicating a disturbing pattern: after dealers participating in coin shows have fallen prey to orchestrated criminal activities. NCIC has been closely tracking the recent spike and analyzing similarities in coin show related offenses that have occurred across the country. Currently NCIC is assisting law enforcement agencies in Illinois, Pennsylvania, Virginia, Maryland, Texas, and Tennessee.

“Organized crime groups have been identified as the perpetrators,” remarked Doug Davis, Founder and President for NCIC. On August 17, 2024, two dealers traveling home together from the Tyler, Texas coin show stopped at Bucee’s travel center in Loxley, Alabama and while inside their vehicle was burglarized. Witnesses observed three suspects driving a van pull up to the victim’s vehicle, break out the window and remove over $500,000 in coins and currency. Due to the quick response by police and an iPad located in one of the stolen bags police were able to track the suspects location only several miles away. Officers converged on the location and upon arrival found two vehicles and three suspects. Two suspects fled the scene but one was taken into custody. Preliminary investigation revealed the suspect in custody was a Colombian National and the plates on both vehicles were stolen.

The targeted attacks have not only resulted in substantial financial losses for dealers but have also posed significant safety risks to dealers and collectors alike. “We are gravely concerned that as the perpetrators actions become bolder and brazen the potential for violence escalates, putting the lives of dealers and collectors in danger,” said Davis.

The aftermath of such incidents extends beyond mere monetary loss. Many dealers report emotional distress and a sense of vulnerability, fearing for their safety and the security of their businesses. The impact reverberates throughout the entire numismatic community, eroding trust and tarnishing the enjoyment of what is otherwise a cherished hobby and business.

Numismatic crime investigations are often complex and NCIC reaches out to law enforcement agencies who are actively investigating these crimes and provides additional investigative resources and expertise, recognizing the need for swift action to apprehend those responsible and stem the tide of criminal activity targeting coin dealers and collectors.

“NCIC is committed to partnering with law enforcement and the numismatic industry to confront this alarming trend,” affirmed Doug Davis. “Together, we must remain vigilant and resilient in the face of these challenges, preserving the integrity of the numismatic industry.”

In response to these developments, organizers of coin shows are urged to bolster security arrangements and provide a safe environment for dealers and attendees. Additionally, coin dealers and collectors are encouraged to remain cautious and report any suspicious activity to authorities promptly.

The numismatic community stands united in condemning these reprehensible acts and remains steadfast in its commitment to promoting the joy of numismatics while safeguarding the well-being of its members.

NCIC encourages dealers and collectors to sign up for free email crime alerts to stay informed of current criminal activities, trends, and patterns within the numismatic industry.

For media inquiries, please contact:

Doug Davis
Numismatic Crime Information Center
817-723-7231
Doug@numismaticcrimes.org

 

The Numismatic Crime Information Center (NCIC) is a 501 (c)(3) non-profit corporation whose mission is to serve as a national and international resource for collectors, dealers and law enforcement in the education, prevention and investigation of crimes involving coins, paper money, tokens, medals, and related numismatic items.

The success of the Numismatic Crime Information Center in “Targeting Numismatic Crimes Around the World” depends on the financial commitments of the numismatic community. All donations are tax deductible. Donations can be sent to P.O. Box 14080 Arlington, Texas 76094 or donate via PayPal.