48°F
weather icon Partly Cloudy

Suspect arrested in theft of coin collection worth $200,000

Nye County Sheriff’s Office detectives located and arrested the man suspected of allegedly stealing a rare coin collection valued at $200,000.

The victim was an elderly Pahrump man who allowed the suspect, identified as Terry Penoyer, and a female individual to stay at his residence until “they got back on their feet.”

As stated in the official arrest report on Sept. 4, Detective Sgt. Cory Fowles continued the investigation, which was initiated by the sheriff’s office on Aug. 13 of this year.

After interviewing the victim, witnesses, and examining reports from Southern Nevada pawn shops, Fowles’ investigation produced probable cause for the arrest of Penoyer on alleged elder exploitation, grand larceny, and residential burglary charges.

“During the month of March, Penoyer exploited an older person for the victim’s assets and property, valued at approximately $200,000 in the form of a rare and valuable coin collection, that the victim spent his life collecting,” Fowles’ report stated. “During the time that Penoyer exploited his elder victim, Penoyer resided in the victim’s garage.”

The arrest report also stated that Penoyer entered two separate rooms within the victim’s home with the intent to commit grand larceny, by stealing the coin collection and permanently depriving the elder victim of his property.

“My investigation confirms that Penoyer sold a rare and valuable coin collection to a Las Vegas pawn shop for approximately $21,000 on March 10th, 2020,” the report stated. “Penoyer has a long arrest history for grand larceny, possession of stolen property and burglary. The crimes occurred in Pahrump, Nye County Nevada between the dates of March 1st through March 10th 2020.”

At the time of his arrest, Penoyer was also booked on two outstanding felony warrants issued by Pahrump Justice Court.

Penoyer’s total bail amount stands at $37,800.

He remains in custody at the Nye County Detention Center, while awaiting an Oct. 26th court hearing.

Contact reporter Selwyn Harris at sharris@pvtimes.com. On Twitter: @pvtimes

Don't miss the big stories. Like us on Facebook.
THE LATEST
Local Salvation Army hit by thieves

As Pahrump’s Salvation Army prepares to serve families in need during the holiday season, approximately $500 worth of new toys set aside for its annual Angel Tree program were recently stolen, along with Christmas decorations and items being stored for the Kiwanis Club and Pahrump’s Sleep In Heavenly Peace organization.

Pahrump community comes together for Thanksgiving

Thanksgiving is a time for appreciation and for hundreds of Pahrump area residents and visitors, there was plenty to be grateful for this year at the Pahrump Holiday Task Force’s annual Community Thanksgiving Dinner.

Pahrump Valley Academy virtual town hall set for Saturday

Throughout much of 2019 and into 2020, a group of local residents hoping to add a new educational option to the valley worked diligently toward establishing Pahrump Valley Academy, which would have been the valley’s very first public charter school, only to have the proposal nixed in early 2020.

Rotary Club encouraging students to read

The Pahrump Rotary Club has performed countless community service projects since its inception in 1987.

Bowling for Our Wounded Warriors – Fundraiser set for Dec. 5

Donning a U.S. armed forces uniform is something that comes with great risk and the men and women who step up to take on the challenge of protecting America through military service often come home with injuries, both the visible and the invisible kind.

Man calls 911 while speaking to deputies, report says

Nye County Sheriff’s Office deputies arrested a man who allegedly called 911 for a complaint about loud music at a residence along South Chippewa Street last week but ended up getting arrested himself.

Development of Pahrump’s Kellogg Park tracking right along

Development of Pahrump’s newest park, Kellogg Park on the southern end of the valley, continues to move along steadily, with a variety of milestones reached in recent months and officials with the town of Pahrump and Nye County now setting their sights on the next steps of the development process.

PLAC to decide on Rough Hat recommendations; meeting Nov. 30 in Pahrump

Throughout its many years, the Pahrump Public Lands Advisory Committee hasn’t seen a whole lot of community involvement, with the group historically hosting its monthly meetings amid almost empty audiences.

Together With Veterans hosting SWOT assessment meeting in Pahrump

The men and women who have served in the United States military have given of themselves, made sacrifices on a daily basis and put the safety of others before themselves in order to protect America but when service comes to an end and they return to civilian life, the transition can be jarring.

Beatty Advisory Board deals with trails, racing, blue light

There will be no informal election to choose appointees to the Beatty Town Advisory Board. Randy Reed and Erika Gerling, whose terms expire at the end of the year, were the only people to submit letters of interest, so the Board voted, at their Nov. 22 meeting, to forward their names to the Board of County Commissioners for reappointment.