A former federal cop assigned to the U.S. Mint in Philadelphia
admitted stealing $2.4 million in "error" coins.
William Gray, 64, of North Wildwood, N.J., admitted in federal
court that he took the $1 presidential coins, all missing edge lettering, and
sold them to a California coin dealer. Gray pleaded guilty to theft of
government property and income tax evasion, said U.S. Attorney Paul
Fishman.
Gray had worked at the U.S. Mint since 1996. He said he took the
coins knowing they would be considered more valuable to collectors because they
were considered "mint errors." He mailed them from New Jersey.
He was freed on $50,000 bail and will be sentenced on Dec. 20.
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