Heritage Helps in Recovering Stolen Coins

by CoinNews.net on June 2, 2017 · 6 comments

Bill Walker

Bill Walker, a rare coin specialist at Heritage Auctions

Quick thinking on the part of a Heritage Auctions staff member led to the discovery of two high-value coins re-entering the marketplace.

Earlier this year Bill Walker, a rare coin specialist in Heritage Auctions’ Dallas office, was approached by a Florida coin dealer seeking to auction five rare coins. Walker began researching the coins and noticed that they all had been offered and sold in the firms’ Florida United Numismatics (FUN) Auction in 2016. The winner purchased seven coins and the Florida dealer was offering five from the purchase.

Realizing that the coins likely did not belong to the same person who successfully won the coins in the auction, Walker delved even further into the matter. Curiously, the dealer was being offered the coins for less than the recent auction records. Walker called contacts in the hobby and then the winning bidder to learn if the coins had been sold following the auction. As expected, the winning bidder denied selling the coins at a loss and only then made aware they had been stolen.

Walker traced the coins’ history and discovered they likely were stolen while on the way to Numismatic Guaranty Corporation by a mail carrier shipment shortly after the auction. They likely were sold then to a Florida dealer, who subsequently offered them to another dealer, who eventually contacted Heritage Auctions.

"I knew these coins could not have belonged to the winning bidder," Walker said. "I thought it was extremely odd that the seller was offering the coins for less than the recent auction price. Come to find out some coins had been broken out of their certified holder."

Thanks to Walker’s work and quick thinking, the grateful owner has so far recovered five of seven stolen coins.

Heritage Auctions (HA.com) is the largest fine art and collectibles auction house founded in the United States, and the world’s largest collectibles auctioneer.

{ 6 comments… read them below or add one }

Ernesto June 2, 2017 at 1:46 pm

Way to go the extra mile!!

Robert Seeley June 2, 2017 at 8:04 pm

That’s cool. It’s refreshing to see how professional and caring the employees of Heritage Auctions are.

George Fustos June 3, 2017 at 8:35 am

Great work on HA’s part. That is how you build and enhance a reputation. Honesty, integrity, and the very important and sadly overlooked “going the extra mile” were all factors in this outcome. I will keep HA in the back of my mind for any future collaborations.

Lee June 3, 2017 at 11:23 am

Great job Mr. Walker! Glad to see honesty and integrity at work.

Joe Brown June 4, 2017 at 2:43 am

Thumbs Up Bill Walker.

Seth Riesling June 7, 2017 at 10:05 am

Kudos to Bill Walker at Heritage in Dallas! He & his brother Thomas Walker (a top ancient coins expert & dealer down in San Antonio are good guys).

-NumisDudeTx

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