Stolen from Berlin museum - 100kg Gold Maple

Discussion in 'General Precious Metals Discussion' started by TingTing, Mar 28, 2017.

  1. TingTing

    TingTing Member

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    How will they sell it or cash in on such a rare piece?

    The museum says the coin is in the Guinness Book of Records for its purity of 999.99/1000 gold. It has a portrait of Queen Elizabeth II on one side and maple leaves on the other.

    It was unclear if the coin has already been "deposited" at one of the numerous central or commercial bank vaults who have experienced a dramatic drop in physical gold inventory as much of the yellow metal has moved to China and various private vaults in recent years, and duly replaced by mere paper claims on said metal.


    http://www.smh.com.au/world/100-kg-...tolen-from-berlin-museum-20170327-gv7r3c.html
     
    TingTing, Mar 28, 2017
    #1
  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    This is about the 3rd or 4th post on this
     
    spannermonkey, Mar 28, 2017
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  3. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    buzz
     
    sammysilver, Mar 28, 2017
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  4. TingTing

    TingTing Member

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    I was actually asking how gold in this form is converted to money. How will they sell it or cash in on such a rare piece? Should have used different topic header.

    Melt it down? Sell to a "collector" on the quiet like is done with rare stolen art works? Always wonder how heists of one-off things like a rare diamond etc are moved into market when they are so high profile.
     
    TingTing, Mar 28, 2017
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  5. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Anyone rich enough to buy it would also be rich enough to just call up a prestigious mint and have them make something like it as a one off special order.

    That coin is most likely destined for a melting pot somewhere.
     
    Big A.D., Mar 28, 2017
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  6. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    Thought this comment was priceless

    "First place the police should look is in really large gumball machines."
     
    REDBACK, Mar 28, 2017
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  7. whinfell

    whinfell Well-Known Member Silver Stacker

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    Wow - this is the fourth 100kg gold coin stolen today ;)
     
    whinfell, Mar 28, 2017
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  8. mmissinglink

    mmissinglink Active Member

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    ^ :lol:




    .
     
    mmissinglink, Mar 28, 2017
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  9. SilverDJ

    SilverDJ Well-Known Member

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    It'll go to someone who can make their own 1oz or 10oz blobs.
     
    SilverDJ, Mar 29, 2017
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  10. Snoopy

    Snoopy Member

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    I hope it was not Eric Sprotts coin.
     
    Snoopy, Mar 30, 2017
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  11. barneyrubble

    barneyrubble Well-Known Member Silver Stacker

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    barneyrubble, Jan 10, 2019
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    slavaja likes this.

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