March 24, 2014

Antique Coin Dealers Joël and Michael Creusy Robbed of their Entire Collection in France

By Lynda Albertson, ARCA CEO

As reported in Coins Weekly, the family of Joël and Michael Creusy have been selling ancient coins for forty years. Saturday, March 15, 2014, on the way home from the Bi-Annual Numismatic Exhibition in Paris, the family’s entire ancient coin collection, worth an estimated one million euros, was stolen.  Details of the theft itself have not been made available at the moment to the general media.

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One of the more risky collection professions in France, the family has stated in an open letter that can be read here that insurance companies no longer provide coverage while coins are in transit.  Michael Creusy further stated that unless the coins are recovered, the family’s Lyon-based coin business, ABC Numismatique, located at 14 rue Vaubecour in Lyon, France will face bankruptcy.

A 16 page list of the 456 stolen coins with detailed images can be viewed on the ABC Numismatique website. In addition, the British Numismatic Trade Association for coins metals and banknotes also keeps a publicly posted list of recent coin and metals related thefts.  This list detailing the numerous thefts can be accessed from the BNTA website here and give a better idea of how significant the problem is for ancient coin collectors and dealers.

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