According to a criminal complaint filed by the State of Nevada in Clark County Justice Court, a coin collection valued by its owner at up to $50,000, was stolen from his Las Vegas home in November 2013 by his niece.
The coins were brought into the pawn shop in three different installments.
Court documents say Walters' collection--kept in a bag hidden under a dresser--contained such rarities as a 1903 St. Gaudens $20 gold piece and Silver Morgan coins from the 1880s. It also contained some contemporary 1 oz. American Buffalo gold pieces.
The rightful owner of the coins cannot get them back because they were melted down.
Shops must hold hocked items for 30 to 90 days before disposing of them, giving owners time to redeem them, and police time to identify stolen goods.
The law makes only a few exceptions to this holding period requirement. One is for coins: If the hocked items are "coins which are not part of jewelry," the shop can dispose of them any time it wants.
Evidently the law does not distinguish between “coins which are not part of jewelry” and valuable collectible coins.