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Wichita Falls Coin Theft Investigation Leads to Another Arrest

Online Niel November 16, 2024

WICHITA FALLS (KFDX/KJTL) — Another arrest in a Texas DPS and Wichita Falls police investigation brings to five the number of suspects in a large silver coin, jewelry and gun theft investigation.

Gage Cullar, 33, was booked into jail Thursday, Nov. 14, 2024, on $150,000 bail on a burglary charge.

The arrests began around Oct. 1 when a suspect was pulled over in a stolen car in Cotton County with a large amount of silver coins. DPS officers were already investigating
large quantities of silver coins being sold in Wichita Falls.

They were soon connected to a burglary at a house on Eighth Street.

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The owner had inherited the house after his father died and did not live there. He discovered a break-in when he did one of his regular house checks.

In addition to an extremely large number of Silver Eagles and other collectible silver coins, the owner of the house found that weapons and gold jewelry were also missing.

Cotton County investigators told DPS and WFPD officers that the suspect arrested there had 30 pounds of Silver Eagles and other coins in an orange drawstring bag that matched the bags taken in the Wichita Falls burglary.

The suspect told officers that he entered the home on Eighth Street several times to take large amounts of coins. Once, Cullar had helped him drag two suitcases full of coins out of the house on a blanket because they were too heavy to carry. Officers said when they investigated that theft, gunshot marks could still be seen on the floor.

The suspect also said that on one occasion they took four milk jugs full of coins to a United Supermarkets store to convert them into bills at the coin machine. According to the receipt, they received about $1,000.

Police obtained security footage showing the two suspects pushing a grocery cart with coins up to the change machine. The suspect said they then went to a gold and jewelry store and sold some of the other silver coins for about $20,000.

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Three other suspects are charged in connection with the burglaries. They were arrested after undercover officers tracked their vehicle to a gold store where an employee said they sold $10,000 worth of jewelry.

Cullar’s last conviction was for attempted theft in 2023. He pleaded guilty in December 2023 and was placed on six months’ probation. A few months later, prosecutors filed for his revocation, and on September 24, 2024, he was sentenced to four days in prison.

This is a developing story. Stay with Texoma’s home page for updates as more information becomes available. All individuals charged with a crime are presumed innocent until proven guilty in a court of law.

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