NGC Recovers Stolen Coin

Posted on 8/1/2004

A rare and valuable coin submitted to NGC for grading during the recent Suburban Washington/Baltimore coin show was recognized by NGC as one reportedly stolen last January.

A rare and valuable coin submitted to NGC for grading during the recent Suburban Washington/Baltimore coin show was recognized by NGC as one reportedly stolen last January. The 1919-S quarter dollar has now been certified and encapsulated, and soon it will be returned to its rightful owner.

A $10,000 reward was offered at the time by dealer David Schweitz for the return of his coin stolen during lot pickup for Superior Auctions' sale in conjunction with the FUN show on January 5, 2004. At that time the coin was in a PCGS holder and graded MS-67 FH (full head). Nothing more was heard of this coin until it surfaced raw (unencapsulated) during the July 8-10 Baltimore show.

Submitted to NGC for grading and encapsulation, it seemed quite familiar to NGC Chairman Mark Salzberg, who was serving as Grading Finalizer for the NGC team. Salzberg, who has a phenomenal memory for the coins he's seen, believed it to be the piece reported as stolen in January. Confirmation of this was made by NGC with Superior and with David Schweitz, who was pleasantly surprised to discover that his coin had been recovered and permitted NGC to proceed with the grading and encapsulation on his behalf. The name of the person submitting the coin to NGC at the show has not been released, pending an investigation.

The recovered 1919-S Standing Liberty quarter is now in an NGC holder with the grade of MS-67 FH. A fully struck gem, it features an amazingly sharp strike throughout and light amber toning around its peripheries. It is the finest example of this scarce issue certified by NGC.

David Schweitz was delighted at the recovery of his coin: "I want to thank the entire staff at NGC and Mark Salzberg in particular for his sharp eye." To express his gratitude, Schweitz is donating $5,000 to the American Numismatic Association on behalf of NGC.