CHP Finds Corvette Stolen In 1969

[Sander B.]

i was reading the dutch newspaper today and on the front page there was a message abouth a stolen corvette back in 1969 in newyork and is found back in
california last week see link below

regards Sander




stolen 69

[Kevin M.]

Re: CHP Finds Corvette Stolen In 1969

Wait till his insurance company finds out. I figure they paid him off in 69 about what? 5-7K? Nice return. I hope they do let him keep sounds like it might be in good shape, if it was going over seas. Who ever stold this thing sure sat on it a long time.

Kevin

[Mark Milner]

Re: CHP Finds Corvette Stolen In 1969

I always love that. Some guy has his Corvette stolen 20 or 30 years ago and expects to get it back. Hey, if he took the insurance money, it isn't his anymore.

It is possible the car sat as parts somewhere after they stripped it 35 years ago, then they recently got a chance to sell one overseas, so they put it together again with new parts.

Or some poor sucker bought one of those center body sections off eBay and discovered he really couldn't get a title easily for it, so decided to sell it overseas.

[Gerard F.]

Wonder if it's one of those original BB's *NM*

[Larry S.]

Re: CHP Finds Corvette Stolen In 1969

Well my first thought is GREAT a stolen car re-united with its owner,and the theif is left with nothing and hopefully arrested.

But after thinking about it,I am now thinking I would love to here the entire story.Like is the car completely restored with a current registration or a california title, In new york we did not have titles untill 1970 or 1971. So my question is

What if the car was stolen,insurance company paid for it,then the car got resold legally with the sticker for a recovered auto. Some body pulls the sticker off and applies for a registraion or title from the vin still on the car and gets it. Now he re-sells it to an honest guy who now pays he correct value for a used vette ,car passes thru hand over the next 36 years or so and ends up in this container with the owner thinking its a legit car? I mean this could be a story on any one of our cars with the exception of the guys who purchased there cars brand new and have kept them all this time.

Or what if some one had a legit car with a rusted frame and purchased this frame used from a junk yard,or there picking up the vin from the motor he may have purchased used thru a dealer and stuck it under or in the the car and this is what there picking up as a stolen car.

I have to say I do not tthink theft is OK in anyway, I would just like to better under stand the entire story and hope someone post the follow up to this guy getting his car back.

[Ron Hambrecht]

Re: CHP Finds Corvette Stolen In 1969

How long until it shows up on EBay as "RARE HIDDEN, STOLEN CORVETTE - ONE OF KIND- GET IT BEFORE IT GOES TO BARRETT - JACKSON"

[Mark Milner]

[Marc R.]

Ins. co. may no longer be in business *NM*

[William Holder]

Re: CHP Finds Corvette Stolen In 1969

Hello, I was just thinking that maybe there was no insurance company. No law in 69 for liability and if you have the cash why bother with comp/collision. The car only cost 5-6 thousand. I belive the article said that the owner was being reunited so I assume that he is getting it back. Just thought I would bring up the fact that not everyone belives in insurance.
Bill

[G B.]

$5,000 in 1969 = $40,000? today

William, $5,000 was a world of money in 1969. Very, very few people bought new Corvettes back then without borrowing money. The lender always required collision and comprehensive insurance, and the states I lived in did require liability.

I know because I had to get my insurance from the "assigned risk" pool in 1969. Few insurance companies would take on a 21 year-old male driving a Corvette without being forced to do so in those days. They charged accordingly. What eventually saved me from insurance Hell was the Army and USAA.

[Jay Garris]

Re: $5,000 in 1969 = $40,000? today

In 69 I was in 11th grade a 17 year old. Buying my first Vette 58 Dual-quad 270HP for $600.00 ( Now a Duntov Car residing in Conn.) Working at a Gas station part time, my Ins. Bill was over $800.00 a year with a clean record on my folks policy. The bean counters sure did'nt want to see a 17yr old behind any kinda sports or muscle car. Interesting how inflation will show its head if and when they pay up.

[Tony Merendino]

Re: $5,000 in 1969 = $40,000? today

New York ws a non title state until 1974. Even today my 70 does not have a title only a transferrable resistration in New York. Insurance was always a big number for corvettes in New York and the reason was they were stolen quite often. Most cars spent their lives on the streets of the 5 boros where they were subject to theft and vandalism. With all those apartment buildings there were very few parking garages.

Many cars stolen in NY had their titles washed in southern states like Ga or NC where limited documentation could produce a title. Once a title was secured it is likely that this car could have been titled and plated in many states over the last 35 years.

No one probably did a 50 state search on this vehicle until the Federal Govt prepared to clear it to ship it out of the country. Or the CHP may have been looking for stolen cars and did a 50 state check on the actual vin. In either case I bet the guy that lost this car probably had nothing to do with its theft.

[Chas Henderson #28127]

Re: Ins. co. may no longer be in business

Just maybe the whole story will show up in one of the Corvette mag in the future. I would be interested in the complete stoty with pictures.

Chasman

[William Holder]

I only get called William when I am in trouble*NM* *NM*

[William Holder]

Re: Ins. co. may no longer be in business

Here is a copy from a post today article states that he had no insurance as I stated earlier in this thread.

Bill

"On the night before the Corvette was stolen, Mr. Poster foiled an attempt to steal it from a curbside parking spot on the Upper West Side, he said. He was picking up a date and saw the car pulling away, but managed to pull the man out. "I let him go," he said, and he did not report the incident. The next night, a garage attendant went to get the Corvette, but returned and said it was gone. Mr. Poster did not have insurance against theft because he could not afford it, he said. He went years without owning another car."