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US museum vows to reopen after thieves swipe historic gold

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AP San Francisco
Officials vowed to reopen a popular history museum in the heart of San Francisco's financial district after thieves smashed a stolen vehicle through its front door and made off with historic gold nuggets on display.

The Wells Fargo museum is a destination for schoolchildren and tourists and includes two restored stagecoaches, a working telegraph and other California Gold Rush-era memorabilia collected by the bank that got its start in the city.

The thieves rammed a Chevrolet Suburban through the museum's revolving door around 2:30 am Tuesday.

One of them held a security guard at gunpoint while the others took up to 10 ounces of gold nuggets worth an estimated USD 10,000 from a display case.
 

The three men escaped in a four-door sedan driven by an accomplice. The security guard was not harmed in the robbery, and no damage came to the iconic stagecoaches, bank spokesman Ruben Pulido said.

"Rest assured, the museum will reopen, so it can continue to serve the thousands of visitors and Bay Area residents who visit it each year," Pulido said. Wells Fargo opened its first branch on the site in 1852, he said.

The tactic mirrored three other smash-and-grab thefts involving vehicles in the San Francisco Bay Area since May.

Police said they are investigating whether there's a connection.

Last week, thieves backed a U-Haul van through the front of a Patagonia store near San Francisco's Fisherman's Wharf, loaded it with high-end outdoor clothing and gear, and sped off.

On November 26, two men rammed a vehicle into an upscale designer boutique in Union Square and took handbags.

Across San Francisco Bay, robbers in May busted through the glass at an Apple Store in a bustling shopping district in Berkeley to steal electronics.

Police did not reveal the value of the stolen merchandise in any of the cases.

In yesterday's robbery, the stolen gold was estimated to be worth roughly USD 10,000, but Wells Fargo officials were trying to determine exactly what was taken before settling on a more precise figure.

Dealers of precious metals say they will be on the lookout for nuggets with historical significance that suddenly appear on the market, rare coin dealer Don Kagin said.

The robbers may have difficulty selling the nuggets unless they get melted down, he said.

Melting the gold could remove possible markings concerning when and where the nuggets were mined, said Fred Holabird, a mining geologist and an owner of a rare and unique collectibles business in Reno, Nevada.

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First Published: Jan 28 2015 | 9:05 PM IST

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