Tuesday, July 25, 2017

Arrests made in heist of massive $1M gold Canadian coin

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German police arrested at least two people, but the coin hasn’t been found

The Associated Press
Posted: Jul 12, 2017 3:50 AM ET
Last Updated: Jul 12, 2017 3:50 AM ET

German special police units raided several homes in Berlin early Wednesday in connection with the brazen heist of a 100-kilogram gold Canadian coin stolen from one of the city’s most famous museums earlier this year.

Police arrested at least two suspects during early morning raids in the city’s Neukoelln neighbourhood.

“We assume that the two suspects match the ones seen on the video footage from surveillance cameras” during the burglary, police spokesman Winfrid Wenzel told The Associated Press.

He said searches of the apartments were still continuing, but so far the coin hadn’t been found.

The Canadian “Big Maple Leaf” coin, worth several million dollars, was stolen from the Bode Museum in March.

At least two burglars broke into the museum at night, using a ladder to climb to a window from elevated railway tracks. They grabbed the coin, loaded it onto a wheelbarrow and then carted it out of the building and along the tracks across the Spree river before descending into a park on a rope and fleeing in a getaway car.

Police say the three-centimetre thick coin, with a diameter of 53 centimetres has a face value of $1 million. By weight alone, however, it would be worth roughly $5.8 million at market prices.

The coin was likely damaged in the theft.

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