Rising Crime

Record-breaking gold and silver prices have triggered a sharp rise in numismatic crimes, putting coin dealers and collectors worldwide at a higher risk of theft. The soaring value of precious metals has made rare coins, bullion, and jewelry prime targets for increasingly organized and opportunistic criminal groups. We have reported on several high-profile crimes in Europe, but thieves are increasingly active closer to home as well. The Numismatic Crime Information Center (NCIC) and other industry bodies recently issued alerts, urging collectors and dealers to be especially vigilant and implement stronger security measures.

Sophisticated Schemes

Numismatic crimes range from quick “grab-and-run” thefts to coordinated “smash-and-grab” attacks, as well as sophisticated courier or online fraud schemes. Criminals have tracked dealers leaving coin shows and stolen valuable inventory from vehicles. The surge mirrors the climb in gold and silver prices, indicating this is not a temporary issue.

Small dealers could face heavy losses and higher insurance costs. Additionally, security companies and armored transport providers have seen increased demand. The NCIC reminds collectors to remain aware of the threat, share intelligence, and report suspicious activity immediately. “The numismatic industry thrives on trust and integrity,” says NCIC founder Doug Davis. “By strengthening security practices and working together, we can protect businesses, collectors, and the historic artifacts that are so central to our hobby and trade.”