Dealer Who Sold the World’s Most Expensive Coin Arrested for Falsifying the $4.2 Million Artifact’s Provenance

[searcher]

The Dealer Who Sold the World’s Most Expensive Coin Has Been Arrested for Falsifying the $4.2 Million Artifact’s Provenance​

An ultra-rare Roman coin set a world record when it was auctioned off for nearly $4.2 million three years ago. But now, the validity of that record is under question after an investigation revealed that the artifact and others were sold with forged provenance certificates, according to a report from ARTnews.

The record-setting coin, called the “Eid Mar” (or “Ides of March”), was minted in 42 B.C.E. to commemorate the assassination of Julius Caesar and is just one of three known examples cast in gold.


Offered at an October 2020 event held by the London-based auction house Roma Numismatics, the coin carried a £500,000 ($650,445) presale estimate. Also featured in the sale was a 2,400-year-old Sicily Naxos coin, which fetched $291,682.

Full article:

The Dealer Who Sold the World's Most Expensive Coin Has Been Arrested for Falsifying the $4.2 Million Artifact's Provenance | Artnet News

A U.S. investigation has revealed that dealer Richard Beale sold ultra-rare coins and artifacts in 2020 with fake provenance certificates.

news.artnet.com

 

[pmbug]

So the coins were independently authenticated as the real deal coins, but after the sellers tried unsuccessfully to sell them without provenancem, the sellers faked provenance papers and then found buyers.

I guess these coins are like buying a lot of old things - they could be considered national treasures or stolen goods without a proper provenance.

 

[Buck]

there are ways to 'solve' this issue, but:

"Interested parties were told that the objects came from “an old Swiss collection,” which is code for coins of suspicious provenance."

"A spokesperson for the Manhattan District Attorney’s Office said both objects will be repatriated to their countries of origin."

is this really the solution?

at least one authentic coin of which only three exist, there are how many actual reports of any of these three being missing coins?

there's no actual statements which would indicate anyone claimed they were stolen, and if they were removed from the body of a victim of WWII, that wouldn't indicate the 'home country' has any claim of these coins either...

the State Wins and in this case, i'm certain the 'forger' and his group will have to endure European Justice...idiots should have done it here instead where the courts are way more lenient

just saying, it was a terribly written article, too few details to properly judge the situation

 

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Dealer of the 'world's most expensive coin' which sold for $4.1M charged with grand larceny in NYC​

An Italian coin dealer was arraigned in Manhattan on Wednesday for possession of stolen coins worth one million dollars - after one he gave to his colleague sold for $4.1million.

Italo Vecchi was charged with one count of grand larceny in the first degree, two counts of conspiracy in the fourth degree and second degree criminal possession of stolen property, among other charges.

The 75-year-old worked with British coin dealer Richard Beale, who was charged in March over the fraudulent $4.1 million sale of the 'rarest and most valuable' coin in the world.

Read the rest:

Dealer of the 'world's most expensive coin' which sold for $4.1M charged with grand larceny in NYC

 

[pmbug]

I'm super surprised. Not.