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Published July 22, 2013, 09:24 PM

Police are investigating a theft of precious metal

Fargo, ND (WDAY TV)-- Police are looking into the theft of precious metal.

Fargo, ND (WDAY TV)-- Police are looking into the theft of precious metal.

It happened within the month, and now police are working with the businesses involved to get to the bottom of what happened.

The incident happened at this UPS distribution site at 12th Avenue North and 40th Street. The package containing a high dollar amount of precious metal came from Treasure Island Coins and Precious Metals.

LT. Joel Vettel- Fargo Police: "These types of things are often times difficult to investigate at least on the forefront."

Police aren't releasing what kind of metal was stolen, how much, or what it was worth, but do say the amount would result in a felony charge.

Vettel: "Based on the amount of items were taken it's certainly a significant crime with a significant price tag involved to it."

Treasure Island Officials declined to go on camera, but did release a statement, Saying, When lost shipments occur, we initiate a thorough internal investigation and work through the appropriate parties such as the police and external carrier to ensure our customers receive exactly what they purchased.

Other precious metal dealers in the Fargo area say this type of thing doesn't happen very often, but one time is enough.

Jack Seaman with Mindak Gold Exchange says thousands of dollars worth of precious metals are delivered and shipped from our area daily.

Jack Seaman- Mindak Gold Exchange: "It could range from 25 dollars to 5 million dollars."

Seaman says an average order is around 5,000-10,000 dollars. He says extra precautions are taken to try and avoid this type of thing from happening, live avoiding labels and packing things tightly.

Seaman: "It does concern me as a business owner because that's the last thing we want to happen is lose a package of gold coins that could be very valuable."

Police will continue the investigation and continue to work with UPS and Treasure Island to develop a timeline.

Stolen items worth more than 1,000 dollars would result in a felony theft charge.

UPS declined to comment since the investigation is still active.

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