VIDEO: Thief steals pot of gold worth $1.6 million, NYPD says

MIDTOWN, Manhattan -- Police in New York City are looking for a quick-thinking thief who stole an 86-pound bucket of gold flakes worth nearly $1.6 million off an armored truck in Manhattan.

The unidentified thief swiped the 5-gallon metal bucket off the back of an armored truck around 4:30 p.m. on Sept. 29 when a guard briefly went to the truck's cab to reportedly retrieve his cellphone.

The incident occurred in broad daylight on West 48th Street near Fifth Avenue in New York City's Midtown section. Police said the suspect likely didn't know what the bucket contained.

Police said the thief lugged the gold flakes up the street, taking an hour to complete what would normally be considered a 10-minute walk. He then hopped into a white van and fled.

The suspect is believed to be hiding out in Florida. He is described as a Hispanic man, 5 feet 6 inches, 150 pounds, 50-60 years old, wearing a black vest, green shirt, blue jeans and carrying a black messenger bag.

Anyone with information on the case is asked to call 800-577-TIPS or for Spanish 1-888-57-PISTA (74782).

The Associated Press contributed to this report.