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V12 2009 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 12, Number 15, April 12, 2009, Article 17

ARE TELLERS WHO BUY VALUABLE DEPOSITED COINS GUILTY OF THEFT?

Gar Travis submitted these thoughts inspired by the recent story of the Utah woman who turned in a group of stolen double eagle gold coins at face value at a bank. -Editor
The police should have arrested the bank teller as well. I still feel that she/he is as guilty as the woman who stole the coins. Looking at the situation as "business as usual" smells pretty awful from my point of view. Tellers have for years made money off unsuspecting patrons and it is past time that such should be put to rest.

Before moving to California to assume my present position, I was fortunate to have the opportunity to be in close contact with several local branches of larger financial institutions and was able to give presentations to groups of tellers explaining that they were not acting in the best interest of their patrons by taking as deposit or cashing (as in this case) their old coins.

Several tellers were ignorant to the fact that they were "stealing" when they "bought" the money from the bank at face and went to the local coin dealer to sell the coins as theirs.

Following my programs I was able to assist in several instances of mostly elderly patrons who did not know the value of their money; to obtain outside assistance, to grow their initial few dollars of deposit to more and thus having a larger deposit for their accounts.

To read the earlier E-Sylum article, see: "GROCERY MONEY" WOMAN ARRESTED FOR STEALING GOLD COINS (www.coinbooks.org/esylum_v12n14a26.html)



Wayne Homren, Editor

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