Man Spends Rare Coins at Face Value

In 2012, a 19-year-old man from Washington state named Dakoda Garren was charged with stealing a rare coin collection worth at least $100,000. After Garren had completed some part-time work for a woman living north of Portland, the woman reported that her family coin collection was missing. Her collection included a variety of rare and valuable coins, including Liberty Head quarters, Morgan dollars, and other coins dating back to the early 1800s.
Initially, Garren denied any involvement, claiming that the police didn't have any evidence against him. But then he started spending the coins at face value, apparently unaware of the coins' worth. He and his girlfriend paid for movie tickets using quarters worth between $5 and $68. Later on the same day, they bought some local pizza with rare coins, including a Liberty quarter that may be worth up to $18,500. The news article reported, "Garren has been charged with first-degree theft and is being held in jail on $40,000 bond. Which, technically, is an amount he could easily afford if the valuable coin collection were actually his."

Eric Pfeiffer, "Man allegedly steals $100 coin collection, then spends at face value on pizza and a movie,' Yahoo! News (21 September 2012)