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A former federal cop assigned to the U.S. Mint in Philadelphia admitted stealing $2.4 million in "error" coins.
William Gray, 64, of North Wildwood, N.J., admitted in federal court that he took the $1 presidential coins, all missing edge lettering, and sold them to a California coin dealer. Gray pleaded guilty to theft of government property and income tax evasion, said U.S. Attorney Paul Fishman.
U.S. Mint Cop Stole $2.4M in $1 "Error" Coins
Seeded on Sun Sep 18, 2011 9:00 AM EDT
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Being a coin collector I can see the motivation for the cop, I would love to have one of these.
#1 - Sun Sep 18, 2011 9:26 AM EDTThe article does not state how many coins or what each sold for. But he properly got any where from $10K to 100K for each $1 coin
#3 - Sun Sep 18, 2011 12:51 PM EDTI agree that there is no mention of how many and how much each sold for. The only mention is that they were $1 coins, thus my tongue-in-cheek comment.
I highly doubt that a erroneously stamped coin would bring $10k each to the cop, but certainly $1k - $2k. Assuming $2k each, that's still 1200 coins pilfered from a supposedly secure facility.
#4 - Sun Sep 18, 2011 2:09 PM EDTI agree my first guess is way to much. It did say he mailed them. Would love to find out some more info, but have not been able too.
I went on a tour of the Canadian Mint one time in Ottawa. When you enter the facility you walk though what looks like an airport scanner and it measures the exact amount of the metals on / in you and it is recorded. When you leave, same thing, and if its different...... get ready to drop trow and bend over.
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