Dec. 16, 2007 wasn’t a good day for Chester (Chet) Endress, a 73-year old coin collector and owner of Chet’s Coin Shop. That day thieves burglarized Mr. Endress’s business by cutting through an adjacent store wall.
The robbers then proceeded to torch the shop’s safe to steal approximately $750,000 worth of rare and common coins.
Chester Endress, a 73-year old coin collector and owner of Chet’s Coins, was robbed over the weekend in Akron, OH.
Based on video footage provided by WKYC-TV, the thieves made their entry by cutting through Mr. Endress’s wall from an empty and adjacent store. A torch was then used to slice into the safe holding the coins.
Given the nature of the heist, it would appear the criminals had experience and they were familiar with the layout of the coin shop. They were able to gain access, disable the alarm and cut open the safe in a timely enough fashion to escape with the coins.
The short WKYC-TV article, Coin shop heist nets estimated $750,000 worth of rare and common coins, describes the incident and includes some photos of the break in while the more detailing video report provides the most insights.
Copper used to be the problem step-child of metals. It was either not thought about or considered in a negative context, like the mental picture of paying for the repair of copper piping underneath the sink.
For some, copper has turned to gold. And better, it wasn’t purchased first - it just found its way onto some junk pile in the garage or back yard and it magically turned into money.
Today, if you have a pile of it sitting around, you can gather it up and make some decent bucks at $2.92 per pound. Even better, a scrap metal entrepreneur is likely to ask and do the work for you just to get a percentage of the return.
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