Thieves Steal More Than $200,000 in Rare Coin Heist

by on May 20, 2008 · 3 comments

Benbrook coin heist video imageA heavy vault door wasn’t enough to stop thieves from stealing more than $200,000 in rare coins from a local Benbrook, Texas coin shop. Neither was steel rebar and 8 inches of concrete.

The theft happened in the middle of the night and it must have taken several hours to complete.

The thieves bypassed an impenetrable looking vault door, and instead dropped into the vault through the ceiling after meticulously drilling through 8-inches of concrete and rebar.

Coin dealer, Ron Swiney, believes they used a rotary hammer drill. In a Texas report, Swiney was quoted as saying,


“They were $1,000 – $3,000 a piece. They knew exactly what they were looking for I think.”


A surveillance camera was present, but the thieves cut it during the heist of the many trays of coins. They were apparently in such a rush after gaining entry that dropped coins, even if expensive, were simply left on the ground.

Coin dealers are asked to be on the look out for the stolen coins.

The Texas video report may be viewed by clicking the play button.

{ 3 comments… read them below or add one }

Koichi Ito May 21, 2008 at 3:23 am

Why does thieves steal rare coins? Do you think that they want to collect rare coins or want to sell them?

Mike May 21, 2008 at 10:53 am

I’d have to say sell, sell, and sell!

Jim Archibald May 25, 2008 at 6:45 am

Theives are in it solely for profit. Coins can be easily turned to cash,which is what their after.

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