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Police Confiscate Rare Stamp After Auction House Finds It On Stolen List

 
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Author Previous TopicReplies: 13 / Views: 1,486Next Topic  
Pillar Of The Community

United States
567 Posts
Posted 04/13/2018   10:32 am  Show Profile Bookmark this topic Add modernstamps to your friends list Get a Link to this Message
Can you imagine that this stamp turned up after 25 years.
I wonder if the original owner is still alive after so many years.

http://www.radio.cz/en/section/news...-stolen-list
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Pillar Of The Community
United Kingdom
5477 Posts
Posted 04/13/2018   11:02 am  Show Profile Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
Is this linked to the 4 Crown green sale that was mentioned on another thread (I presume the 1990 date for the stamp is incorrect)?
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Pillar Of The Community
United States
2362 Posts
Posted 04/13/2018   11:12 am  Show Profile Bookmark this reply Add txstamp to your friends list  Get a Link to this Reply
This is a good reason to do business with reputable sellers, when you are spending real money.

If you get stuck with a stolen stamp in your collection, and its discovered - even if you have no fault in the matter, you can be completely out of pocket for it.

Part of being a responsible seller, is to be a responsible acquirer of items to sell. Make sure that you know a bit about from whom you are buying, and if they really own the material that they are trying to sell to you or through you (auction house).
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Pillar Of The Community
3415 Posts
Posted 04/13/2018   12:40 pm  Show Profile Bookmark this reply Add jogil to your friends list  Get a Link to this Reply
This of course didn't happen to the recent former owner of the stolen inverted jenny stamp (C3a) that was discovered to be part of the stolen McCoy block. Instead, he was given a handsome reward for its return. Was there any controversy generated by this because it is somewhat unusual for someone that has a stolen good in their possession to receive a reward for its return?
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Edited by jogil - 04/13/2018 12:47 pm
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United States
2976 Posts
Posted 04/13/2018   12:48 pm  Show Profile Bookmark this reply Add angore to your friends list  Get a Link to this Reply
I wonder if that would apply to missing consignments to Regency. Could you report these to the APS Theft committee?
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Al
Edited by angore - 04/13/2018 12:50 pm
Pillar Of The Community
3415 Posts
Posted 04/13/2018   12:54 pm  Show Profile Bookmark this reply Add jogil to your friends list  Get a Link to this Reply
If one has stamp insurance could one make a claim against a dealer for not returning or paying for one's stamps?
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United States
579 Posts
Posted 04/13/2018   1:33 pm  Show Profile Bookmark this reply Add wkusau to your friends list  Get a Link to this Reply
To answer jogil, I did not have any problem with the reward for the McCoy stamp. The Grandson who received the reward, seemed outside the original theft. If other information was to come forth that pointed to his complicity then that would be a different question.
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Pillar Of The Community
United States
1039 Posts
Posted 04/13/2018   2:49 pm  Show Profile Bookmark this reply Add chipg to your friends list  Get a Link to this Reply

Quote:
This of course didn't happen to the recent former owner of the stolen inverted jenny stamp (C3a) that was discovered to be part of the stolen McCoy block. Instead, he was given a handsome reward for its return. Was there any controversy generated by this because it is somewhat unusual for someone that has a stolen good in their possession to receive a reward for its return?


He brought it to an auction house to sell. They identified it as one of the stolen copies. As there wasn't anything to link him to the crime or any subsequent transaction, his choice was to either turn it in for the reward, or have it confiscated as stolen property (no reward). He chose the latter.
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Pillar Of The Community
Australia
554 Posts
Posted 04/13/2018   11:24 pm  Show Profile Bookmark this reply Add YeaPolska to your friends list  Get a Link to this Reply
No, this wouldn't be the 1919 Czechoslovakia 4Kr green inverted overprint that was recently auctioned. The provenance of that unique stamp would be well known & wouldn't get past the front counter of the auction house without being spotted given that the auctioneers in question specialise in that area.

I recall a copy of the 10Kr, Mi.62, from that set vanishing from a display in Japan & wondering how the exhibition administration would have dealt with the matter. It disappeared between being displayed & then handed back to the exhibitor. I assume this is the stamp in question.

According to my Michel catalogue there were only 14 of these overprinted & given the scarcity of the stamp I find it hard to believe that the buyer and/or seller didn't have an inkling of what it was.

We have a similar situation in Polish philately of the 1919 10Kr postage due overprint in black of which there were 15 copies printed. One was destroyed in the Warsaw uprising of 1944 & we know exactly where the other 14 are.
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Posted 04/14/2018   03:32 am  Show Profile Bookmark this reply Add GeoffHa to your friends list  Get a Link to this Reply
Thank you - interesting!
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Pillar Of The Community
United Kingdom
1193 Posts
Posted 04/14/2018   05:18 am  Show Profile Bookmark this reply Add Tim H to your friends list  Get a Link to this Reply
What a fascinating story. The saga should put a few dollars more on the resale value of this stamp, should it ever legitimately go to auction. Provenance is "worth" a few extra percent to the larger auction houses, and a well documented back story like this will have an inevitable effect, no matter how rare the stamp is.
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Pillar Of The Community
3415 Posts
Posted 04/14/2018   12:33 pm  Show Profile Bookmark this reply Add jogil to your friends list  Get a Link to this Reply
Since it was the auction house that made the discovery that he had one of the stolen stamps and they reported it to the authorities, as a third party should not they have been rewarded the money since they were the ones who discovered it?
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Edited by jogil - 04/14/2018 12:34 pm
Pillar Of The Community
United States
5186 Posts
Posted 04/19/2018   6:21 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
There are big holes in the story about the recent Jenny that was consigned to a auction house . I could see the British courts siding with the owner who lives in that country against the U.S. stamp auction firm .If the auction house decided to turn it over to the F.B.I. without permission . Going thru two different legal systems would be a nightmare for everybody involued .

The story of his grandfather being a antique buyer and buying the stamp doesn't hold water with me .There is a story there that nobody is digging into .
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Pillar Of The Community
United States
560 Posts
Posted 04/19/2018   11:43 pm  Show Profile Bookmark this reply Add centerstage98 to your friends list  Get a Link to this Reply
The young man from Ireland who had the c3a had a legitimate receipt that showed a sale from an American dealer - now long dead. He inherited the stamp, it was ID'd by auction house and Philatelic Foundation, he received the reward legitimately. End of story.
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