A Wrangell man is facing felony theft charges after he allegedly stole a bag of silver dollars worth more than $1,000 from a private residence.
Lynn Raymond Marks, 47, of Wrangell, is alleged to have stolen the classic coins from a residence at Panhandle Trailer Court on Feb. 5.
According to court documents, Marks took 49 of the rare silver dollars to the Marine Bar where he is alleged to have purchased tobacco, traded them with other patrons of the bar and exchanged them for cash.
The total value of the coins taken from the residence is estimated to be $1,170.90.
According to the complaint filed against Marks, the Marine Bar aided in the recovery of a number of the coins and had them sent to an Oregon appraiser to determine their definitive value. The value of the coins recovered is estimated at $754.11, though with collector value being significantly higher than that amount.
Marks is charged with felony Theft in the Second Degree. His first court appearance was Tuesday, March 19. A plea to the charge is expected from Marks at his next hearing on April 5.
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