Nov 20, 2011

250K gold coin missing

A lifetime of good decisions has gotten Fred Knadler where he is today. He built Arizona Shower Door from a small, three person start-up in the 1980s to a multi-million dollar business with offices across the country. But one bad decision - is haunting him.
"It's entirely my fault," said Knadler. Knadler purchased 100 gold collector's coins for more than $240,000 – thinking they were a safe investment in a volatile market.
"I purchased these coins three years ago (when) it became apparent gold was going to go up in value," said Knadler.
"They were numismatic $20 double eagle gold coins."
Then he took the coins from his safe deposit box - needing to raise capital for his business - and stored them at his desk. The coins were hidden, but not locked. When he returned from a business trip this July, the coins had vanished.
"Well it certainly is the largest mistake I've ever made," said Knadler.

Now he and the police are hoping someone will recognize the coins - perhaps a pawn shop or a metal recycler - and help him get back what he lost. Anyone with information is asked to call Silent Witness at 480-WITNESS. Tipsters may remain anonymous and may be eligible for a cash reward.Read More.