Stolen coins worth $250K recovered in Douglasville - KMSP-TV

Stolen coins worth $250K recovered in Douglasville

Posted: Updated:

A quick-thinking jewelry store owner helped police catch a man suspected of stealing $250,000 worth of coins in Douglasville.

Empire Jewelers owner Glen Easterwood became skeptical when a man came into his store with bags of gold coins each worth about $2,000.

"He opened the bag, I looked and said, ‘this guy has just ruined somebody's day,'" said Easterwood.

The bags contained gold platinum and silver as well as rare, historic coins.

"He wanted $20,000 for them; it was worth between 250 and 300," said Easterwood.

Easterwood says he offered the man $80,000 and then began to assess the coins in order to buy time as he called police.

"We knew within 30 seconds what was going on, we just had to keep him here until the police got here," said Easterwood.

Police arrived and quickly arrested 19-year-old Shelby Clinton Houpe.

The coin collection, valued at $300,000, had been stolen the from a Carroll County home the night before.

The coins themselves are untraceable and could have quickly been melted down with nobody ever the wiser if Easterwood hadn't done something.

"He saw something and realized there was probably a victim out there and he had the ability to do something about it," said Capt. J.R. Davidson of the Douglasville Police Department.

"It's the biggest problem, the biggest hassle for us. It does not work out good for us if we buy something stolen," said Easterwood.

Police are looking into whether the 19-year-old they've arrested had accomplices.

The coins are back with their rightful owner.

  • More Local NewsMore>>

  • Authorities investigate threat at Paulding Co. High

    Authorities investigate threat at Paulding Co. High

    Thursday, April 24 2014 8:32 AM EDT2014-04-24 12:32:55 GMT
    Paulding County authorities are investigating a threat that came into Paulding County High School on Thursday morning.
    Paulding County authorities are investigating a threat that came into Paulding County High School on Thursday morning.
  • DOJ announces clemency overhaul

    DOJ announces clemency overhaul

    Thursday, April 24 2014 7:26 AM EDT2014-04-24 11:26:14 GMT
    The Justice Department moved Wednesday to significantly expand the number of people eligible for clemency.
    The Justice Department moved Wednesday to significantly expand the number of people eligible for clemency.
  • One shot, 1 injured in West Midtown robbery

    One shot, 1 injured in West Midtown robbery

    Thursday, April 24 2014 6:53 AM EDT2014-04-24 10:53:24 GMT
    Authorities are on the scene of a shooting in the Berkley Heights neighborhood in NW Atlanta.
    Authorities are on the scene of a shooting in the Berkley Heights neighborhood in NW Atlanta.
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices