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The E-Sylum: Volume 26, Number 43, October 22, 2023, Article 28

PHILADELPHIA DIME HEIST THIEVES CHARGED

The Philadelphia Inquirer reports that four men have been charged in the case of the two million stolen dimes. -Editor

  Stolen dimes

Federal authorities unsealed charges against four men Friday in connection with the brazen theft of more than two million dimes from a truck hauling them from the U.S. Mint earlier this year.

The $234,500 heist — with a haul weighing more than a ton — was the culmination of a spree of tractor-trailer robberies in which the same crew stole frozen crab legs, shrimp, meat, beer and liquor from trucks passing through the region, prosecutors said in court filings.

Now, all four men charged — Rakiem Savage, 25; Ronald Byrd, 31; Haneef Palmer, 30; and Malik Palmer, 32, all of Philadelphia — are facing charges including conspiracy, robbery and theft of government money that could send them to prison for decades.

Investigators believe that the April 13 coin caper — which left thousands of dimes scattered across the roadway, shimmering in the sun as the thieves made their escape — came after weeks of Savage, Byrd and the Palmers committing similar crimes.

They allegedly hauled the drivers out of their trucks — sometimes by force — before opening the back of the trailers with bolt cutters.

The men often came equipped with a white box truck to transport the cargo they stole and then would later sell the goods over the internet, according to the seven-count indictment filed against them.

In March, prosecutors say, Savage stole 60 cases of Jose Cuervo off a truck. Two weeks before the dime robbery, he and the Palmers stole six refrigerators off another trailer, pulling the driver from the vehicle and forcing him to lie under their white box truck while they made off with his cargo.

The mystery of the missing dimes hasn't been completely solved yet. One of the thieves consulted an online calculator for an estimate of the total cash value of coins based on weight and denomination. Others converted thousands of dollars of dimes into cash at Coinstar machines or deposited them in banks. But the value of coins mentioned in the indictment amounts to only a couple thousand dollars. So who's still sitting on a pile of two million dimes? -Editor

To read the complete article, see:
Philly men charged with stealing more than $200,000 ... in dimes (https://www.inquirer.com/news/dimes-us-mint-federal-reserve-rakiem-savage-ronald-byrd-haneef-palmer-malik-arrests-20231021.html)

I can't help it - this is too amusing not to reference the classic scene in the Mel Brooks movie Blazing Saddles: "Quick - ride back to town and get a ___________________. " -Editor

Blazing Saddles - Quick Ride Back to Town

To watch the complete video, see:
A ____________ of dimes (https://www.youtube.com/watch?v=-RwEpUHynTc)

To read the earlier E-Sylum articles, see:
WHOLE SHIPMENT OF DIMES SPILLED (https://www.coinbooks.org/v21/esylum_v21n20a39.html)
TWO MILLION DIMES STOLEN (https://www.coinbooks.org/v26/esylum_v26n16a34.html)
NOTES FROM E-SYLUM READERS: APRIL 23, 2023 : On the Philadelphia Dime Heist (https://www.coinbooks.org/v26/esylum_v26n17a10.html)



Wayne Homren, Editor

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The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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