After 10 month probe Seattle coin shop busted for allegedly selling stolen goods
Cops say operation was fueling
area’s drug trade
May 22, 2018
CLICK TO ENLARGE: Just a few of the thousands of items police confiscated from the coin shop. Photos: Seattle Police.
CLICK TO ENLARGE: Photo facebook.
(SEATTLE, WA.) – Seattle police announced on Monday the arrest of three men and seizure of thousands of items from a North Seattle rare coin shop, which investigators believe was fueling Seattle’s drug trade by being being a purchasing center for stolen items.
Officers spent 10 long months investigating Seattle Rare Coins, located in the 8600 block of Aurora Avenue North “and found employees were buying stolen goods and reselling them on eBay and Offerup.com,” according to an SPD statement. “Investigators were able to sell purportedly stolen items to the business on a dozen different occasions, and later found some of the items listed for sale online.”
On Friday May 18th, North Precinct Anti-Crime Team, North Precinct Bike Squad and Major Crimes Task Force detectives arrested three men at the business and served a search warrant.
Officers recovered thousands of suspected stolen items, including electronics, power tools, knives, boating gear, clothing, health and beauty supplies, a handgun and more than $6,000 in cash.
Investigators believe the suspects were buying stolen items for about ten percent of their retail value and were providing a venue (sometimes referred to in police lingo as a fencing operation) for thieves to sell stolen items for cash, which they would later use to purchase narcotics for personal use, often the same day.