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SOME ONE IN CHICAGO IS BUILDING A HECK OF A COLLECTION-WE HAVE A MAJOR STOLEN COIN

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  • Options
    BAJJERFANBAJJERFAN Posts: 30,994 ✭✭✭✭✭

    @Coinstartled said:

    @BAJJERFAN said:

    @topstuf said:
    It's pointless to argue shipping decisions if their insurance specifies how to ship.

    True, but you always have the option to ship your way and use USPS/carrier insurance. As long as I'm made whole that's all that matters.

    Registered insurance maxes well before the $300,000 value of the OP coin.

    Yes, that's true, but you pay an extra fee for extra security which could include following the final delivery in an unmarked vehicle. Essentially they would guarantee delivery.

  • Options
    ifthevamzarockinifthevamzarockin Posts: 8,498 ✭✭✭✭✭

    Anyone know if the USPS is self insured or if they use an outside company?

  • Options
    joeykoinsjoeykoins Posts: 14,897 ✭✭✭✭✭
    edited April 17, 2019 9:20AM

    Like so many replys, That's terrible! :'( What an amazing Morgan. So sorry. I truly haven't read all posts but they should come up with a "tracking device" a chip. Similar to the chip they place in dogs to help locate them. It should be in the actual slab. It will become an option for the owner. Even to pay some sort of premium. Maybe, our host will think about this? Hope your coin turns up.Good Luck-joey

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • Options
    WildIdeaWildIdea Posts: 1,875 ✭✭✭✭✭

    Every time I ship something, I have to walk through a bout of anxiety and fear that I'll have to deal with the fall out if something goes wrong. I tell myself its just part of the hobby and that I could recover somehow if I got pinched. A quick last min review at the counter to make sure I did everything thoroughly and took proper notes, etc and just roll the dice.

    I always send a message saying I received a coin too, regardless if the sender gets a digital confirmation. As a courtesy to elevate the anxiety the sender is surly grappling with as well. That the coin arrived at home plate safe.

    I'm hoping for a good outcome for the OP on this thread.

  • Options
    TommyTypeTommyType Posts: 4,586 ✭✭✭✭✭

    Took me a little while to figure out the "BM" in the grade....

    Guess I shouldn't be TOO embarrassed, since (true) Branch Mint proofs are pretty rare....and I'll never hold one to begin with.

    Pretty hard for a thief to sell it for anything near what it's worth, that's for sure.

    Easily distracted Type Collector
  • Options
    CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @BAJJERFAN said:

    @Coinstartled said:

    @BAJJERFAN said:

    @topstuf said:
    It's pointless to argue shipping decisions if their insurance specifies how to ship.

    True, but you always have the option to ship your way and use USPS/carrier insurance. As long as I'm made whole that's all that matters.

    Registered insurance maxes well before the $300,000 value of the OP coin.

    Yes, that's true, but you pay an extra fee for extra security which could include following the final delivery in an unmarked vehicle. Essentially they would guarantee delivery.

    "essentially" would concern me. Better to have the item fully insured and follow the underwriters requirements.

  • Options
    BAJJERFANBAJJERFAN Posts: 30,994 ✭✭✭✭✭

    @Coinstartled said:

    @BAJJERFAN said:

    @Coinstartled said:

    @BAJJERFAN said:

    @topstuf said:
    It's pointless to argue shipping decisions if their insurance specifies how to ship.

    True, but you always have the option to ship your way and use USPS/carrier insurance. As long as I'm made whole that's all that matters.

    Registered insurance maxes well before the $300,000 value of the OP coin.

    Yes, that's true, but you pay an extra fee for extra security which could include following the final delivery in an unmarked vehicle. Essentially they would guarantee delivery.

    "essentially" would concern me. Better to have the item fully insured and follow the underwriters requirements.

    The use of essentially was my choice, not the word of the RM guy at the PO. IIRC the Hope diamond was sent by registered mail at one time. Ya pays yer money and ya takes yer chances.

  • Options
    KkathylKkathyl Posts: 3,762 ✭✭✭✭✭

    Back to Top. Get out word lets catch the creeps or hope it comes home.

    Kathy

    Best place to buy !
    Bronze Associate member

  • Options
    jmlanzafjmlanzaf Posts: 32,022 ✭✭✭✭✭

    @topstuf said:
    It's pointless to argue shipping decisions if their insurance specifies how to ship.

    You're assuming people actually read the posts rather than just posting whatever pops into their head.

  • Options
    jmlanzafjmlanzaf Posts: 32,022 ✭✭✭✭✭

    @ifthevamzarockin said:
    Anyone know if the USPS is self insured or if they use an outside company?

    They are morons if they use an outside company.

  • Options
    jmlanzafjmlanzaf Posts: 32,022 ✭✭✭✭✭

    @joeykoins said:
    Like so many replys, That's terrible! :'( What an amazing Morgan. So sorry. I truly haven't read all posts but they should come up with a "tracking device" a chip. Similar to the chip they place in dogs to help locate them. It should be in the actual slab. It will become an option for the owner. Even to pay some sort of premium. Maybe, our host will think about this? Hope your coin turns up.Good Luck-joey

    Such a chip would be worthless. Once you crack the coin out of the holder, the tracking device is gone. And you'd have to crack that coin out because it has a serial number otherwise.

    The "tracking device" that they use on dogs has to be scanned in hand. It is not a transmitter that can be traced.

    That said, you could put a transmitter in the box itself. But, unless you are following the package, I'm not sure what good that would do you as you would not be in a position to intercede.

    It would be silly to put a transmitter in the slab because it would need a power source and unless freshly slabbed would no longer be transmitting.

  • Options
    RichieURichRichieURich Posts: 8,372 ✭✭✭✭✭

    I am very sorry to hear this, and I hope the coin is found and returned to its rightful owner.

    An authorized PCGS dealer, and a contributor to the Red Book.

  • Options
    CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @BAJJERFAN said:

    @Coinstartled said:

    @BAJJERFAN said:

    @Coinstartled said:

    @BAJJERFAN said:

    @topstuf said:
    It's pointless to argue shipping decisions if their insurance specifies how to ship.

    True, but you always have the option to ship your way and use USPS/carrier insurance. As long as I'm made whole that's all that matters.

    Registered insurance maxes well before the $300,000 value of the OP coin.

    Yes, that's true, but you pay an extra fee for extra security which could include following the final delivery in an unmarked vehicle. Essentially they would guarantee delivery.

    "essentially" would concern me. Better to have the item fully insured and follow the underwriters requirements.

    The use of essentially was my choice, not the word of the RM guy at the PO. IIRC the Hope diamond was sent by registered mail at one time. Ya pays yer money and ya takes yer chances.

    I use registered but I am not in the league of the branch mint Dollar. Have had concerns recently as two shipments took nearly 14 days each to deliver.

    It is not 1955 and I am not Harry Winston.

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    astroratastrorat Posts: 9,221 ✭✭✭✭✭

    Damn that's a cool coin. I hope it resurfaces as 'misplaced' rather than stolen. Damn!

    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
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    joeykoinsjoeykoins Posts: 14,897 ✭✭✭✭✭

    @jmlanzaf said:

    @joeykoins said:
    Like so many replys, That's terrible! :'( What an amazing Morgan. So sorry. I truly haven't read all posts but they should come up with a "tracking device" a chip. Similar to the chip they place in dogs to help locate them. It should be in the actual slab. It will become an option for the owner. Even to pay some sort of premium. Maybe, our host will think about this? Hope your coin turns up.Good Luck-joey

    Such a chip would be worthless. Once you crack the coin out of the holder, the tracking device is gone. And you'd have to crack that coin out because it has a serial number otherwise.

    The "tracking device" that they use on dogs has to be scanned in hand. It is not a transmitter that can be traced.

    That said, you could put a transmitter in the box itself. But, unless you are following the package, I'm not sure what good that would do you as you would not be in a position to intercede.

    It would be silly to put a transmitter in the slab because it would need a power source and unless freshly slabbed would no longer be transmitting.

    True, what you say. Except, If the tracking device keeps a live transmission then they could at least show some address where it end up say, before the thief would even consider cracking it out. If he even does? Remember, most thieves can really be stupid! LOL

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • Options
    littlebearlittlebear Posts: 1,446 ✭✭✭✭

    Makes me sick!

    Autism Awareness: There is no limit to the good you can do, if you don't care who gets the credit.
  • Options
    jmlanzafjmlanzaf Posts: 32,022 ✭✭✭✭✭

    @joeykoins said:

    @jmlanzaf said:

    @joeykoins said:
    Like so many replys, That's terrible! :'( What an amazing Morgan. So sorry. I truly haven't read all posts but they should come up with a "tracking device" a chip. Similar to the chip they place in dogs to help locate them. It should be in the actual slab. It will become an option for the owner. Even to pay some sort of premium. Maybe, our host will think about this? Hope your coin turns up.Good Luck-joey

    Such a chip would be worthless. Once you crack the coin out of the holder, the tracking device is gone. And you'd have to crack that coin out because it has a serial number otherwise.

    The "tracking device" that they use on dogs has to be scanned in hand. It is not a transmitter that can be traced.

    That said, you could put a transmitter in the box itself. But, unless you are following the package, I'm not sure what good that would do you as you would not be in a position to intercede.

    It would be silly to put a transmitter in the slab because it would need a power source and unless freshly slabbed would no longer be transmitting.

    True, what you say. Except, If the tracking device keeps a live transmission then they could at least show some address where it end up say, before the thief would even consider cracking it out. If he even does? Remember, most thieves can really be stupid! LOL

    I think you underestimate the power requirements and the size of a device to do that.

  • Options
    CascadeChrisCascadeChris Posts: 2,519 ✭✭✭✭✭

    @specialist said:
    Yes, that is the coin. I do not know how to do images. Thank you for posting it

    It was sent over night express mail with every done the way our insurance carriers require. It is our first loss in the 35+ tears we have been in biz.

    Ah man, I'll keep my eyes peeled for ya Laura and also let my contacts in the Chicago area know to be on the lookout. My God. All these mega coins being stolen recently has to he more than just simple coincidence. Hope you get her back.

    The more you VAM..
  • Options
    messydeskmessydesk Posts: 19,706 ✭✭✭✭✭

    Sorry to hear about this. Yeah, the coin will be covered by insurance, but I'm fairly confident that everyone involved in the transaction would much rather see the coin than insurance money. I'm hopeful that it turns up somewhere, unharmed by this unfortunate misadventure.

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    coinpalicecoinpalice Posts: 2,435 ✭✭✭✭✭

    i have never lost a package through usps yet, but still worry about it when i send a package worth over 1 k.

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    johnny9434johnny9434 Posts: 27,526 ✭✭✭✭✭

    what a pisser and total bummer.

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    WinLoseWinWinLoseWin Posts: 1,484 ✭✭✭✭✭

    @jmlanzaf said:

    @joeykoins said:

    @jmlanzaf said:

    @joeykoins said:
    Like so many replys, That's terrible! :'( What an amazing Morgan. So sorry. I truly haven't read all posts but they should come up with a "tracking device" a chip. Similar to the chip they place in dogs to help locate them. It should be in the actual slab. It will become an option for the owner. Even to pay some sort of premium. Maybe, our host will think about this? Hope your coin turns up.Good Luck-joey

    Such a chip would be worthless. Once you crack the coin out of the holder, the tracking device is gone. And you'd have to crack that coin out because it has a serial number otherwise.

    The "tracking device" that they use on dogs has to be scanned in hand. It is not a transmitter that can be traced.

    That said, you could put a transmitter in the box itself. But, unless you are following the package, I'm not sure what good that would do you as you would not be in a position to intercede.

    It would be silly to put a transmitter in the slab because it would need a power source and unless freshly slabbed would no longer be transmitting.

    True, what you say. Except, If the tracking device keeps a live transmission then they could at least show some address where it end up say, before the thief would even consider cracking it out. If he even does? Remember, most thieves can really be stupid! LOL

    I think you underestimate the power requirements and the size of a device to do that.

    Wonder if a smart phone could be included and rigged to continually track location and maybe also trigger uploading video if exposed to light, indicating package was opened.

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

  • Options
    jmlanzafjmlanzaf Posts: 32,022 ✭✭✭✭✭

    @WinLoseWin said:

    @jmlanzaf said:

    @joeykoins said:

    @jmlanzaf said:

    @joeykoins said:
    Like so many replys, That's terrible! :'( What an amazing Morgan. So sorry. I truly haven't read all posts but they should come up with a "tracking device" a chip. Similar to the chip they place in dogs to help locate them. It should be in the actual slab. It will become an option for the owner. Even to pay some sort of premium. Maybe, our host will think about this? Hope your coin turns up.Good Luck-joey

    Such a chip would be worthless. Once you crack the coin out of the holder, the tracking device is gone. And you'd have to crack that coin out because it has a serial number otherwise.

    The "tracking device" that they use on dogs has to be scanned in hand. It is not a transmitter that can be traced.

    That said, you could put a transmitter in the box itself. But, unless you are following the package, I'm not sure what good that would do you as you would not be in a position to intercede.

    It would be silly to put a transmitter in the slab because it would need a power source and unless freshly slabbed would no longer be transmitting.

    True, what you say. Except, If the tracking device keeps a live transmission then they could at least show some address where it end up say, before the thief would even consider cracking it out. If he even does? Remember, most thieves can really be stupid! LOL

    I think you underestimate the power requirements and the size of a device to do that.

    Wonder if a smart phone could be included and rigged to continually track location and maybe also trigger uploading video if exposed to light, indicating package was opened.

    You could definitely put one in the package. I just don't think you would want to put one in the slab

  • Options
    CameonutCameonut Posts: 7,259 ✭✭✭✭✭

    I hope for the best, but when I hear Chicago, I just shake my head.

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

  • Options
    WinLoseWinWinLoseWin Posts: 1,484 ✭✭✭✭✭

    @jmlanzaf said:

    @WinLoseWin said:

    @jmlanzaf said:

    @joeykoins said:

    @jmlanzaf said:

    @joeykoins said:
    Like so many replys, That's terrible! :'( What an amazing Morgan. So sorry. I truly haven't read all posts but they should come up with a "tracking device" a chip. Similar to the chip they place in dogs to help locate them. It should be in the actual slab. It will become an option for the owner. Even to pay some sort of premium. Maybe, our host will think about this? Hope your coin turns up.Good Luck-joey

    Such a chip would be worthless. Once you crack the coin out of the holder, the tracking device is gone. And you'd have to crack that coin out because it has a serial number otherwise.

    The "tracking device" that they use on dogs has to be scanned in hand. It is not a transmitter that can be traced.

    That said, you could put a transmitter in the box itself. But, unless you are following the package, I'm not sure what good that would do you as you would not be in a position to intercede.

    It would be silly to put a transmitter in the slab because it would need a power source and unless freshly slabbed would no longer be transmitting.

    True, what you say. Except, If the tracking device keeps a live transmission then they could at least show some address where it end up say, before the thief would even consider cracking it out. If he even does? Remember, most thieves can really be stupid! LOL

    I think you underestimate the power requirements and the size of a device to do that.

    Wonder if a smart phone could be included and rigged to continually track location and maybe also trigger uploading video if exposed to light, indicating package was opened.

    You could definitely put one in the package. I just don't think you would want to put one in the slab

    Yes, just for the package, not the slab, and mainly for those next-day shipments that go above USPS available insurance or are irreplaceable items. Just return after received and use over again for such shipments.

    Not sure it's viable. Must be some flaw in the idea I am missing.

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

  • Options
    jmlanzafjmlanzaf Posts: 32,022 ✭✭✭✭✭

    @WinLoseWin said:

    @jmlanzaf said:

    @WinLoseWin said:

    @jmlanzaf said:

    @joeykoins said:

    @jmlanzaf said:

    @joeykoins said:
    Like so many replys, That's terrible! :'( What an amazing Morgan. So sorry. I truly haven't read all posts but they should come up with a "tracking device" a chip. Similar to the chip they place in dogs to help locate them. It should be in the actual slab. It will become an option for the owner. Even to pay some sort of premium. Maybe, our host will think about this? Hope your coin turns up.Good Luck-joey

    Such a chip would be worthless. Once you crack the coin out of the holder, the tracking device is gone. And you'd have to crack that coin out because it has a serial number otherwise.

    The "tracking device" that they use on dogs has to be scanned in hand. It is not a transmitter that can be traced.

    That said, you could put a transmitter in the box itself. But, unless you are following the package, I'm not sure what good that would do you as you would not be in a position to intercede.

    It would be silly to put a transmitter in the slab because it would need a power source and unless freshly slabbed would no longer be transmitting.

    True, what you say. Except, If the tracking device keeps a live transmission then they could at least show some address where it end up say, before the thief would even consider cracking it out. If he even does? Remember, most thieves can really be stupid! LOL

    I think you underestimate the power requirements and the size of a device to do that.

    Wonder if a smart phone could be included and rigged to continually track location and maybe also trigger uploading video if exposed to light, indicating package was opened.

    You could definitely put one in the package. I just don't think you would want to put one in the slab

    Yes, just for the package, not the slab, and mainly for those next-day shipments that go above USPS available insurance or are irreplaceable items. Just return after received and use over again for such shipments.

    Not sure it's viable. Must be some flaw in the idea I am missing.

    It is probably done. But so few coins would require it.

  • Options
    joeykoinsjoeykoins Posts: 14,897 ✭✭✭✭✭

    @Cameonut said:
    I hope for the best, but when I hear Chicago, I just shake my head.

    Hey! You're talking 'bout my hometown. Even Frank says,"My kind of town..."LOL

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • Options
    jmlanzafjmlanzaf Posts: 32,022 ✭✭✭✭✭

    @WinLoseWin said:

    @jmlanzaf said:

    @WinLoseWin said:

    @jmlanzaf said:

    @joeykoins said:

    @jmlanzaf said:

    @joeykoins said:
    Like so many replys, That's terrible! :'( What an amazing Morgan. So sorry. I truly haven't read all posts but they should come up with a "tracking device" a chip. Similar to the chip they place in dogs to help locate them. It should be in the actual slab. It will become an option for the owner. Even to pay some sort of premium. Maybe, our host will think about this? Hope your coin turns up.Good Luck-joey

    Such a chip would be worthless. Once you crack the coin out of the holder, the tracking device is gone. And you'd have to crack that coin out because it has a serial number otherwise.

    The "tracking device" that they use on dogs has to be scanned in hand. It is not a transmitter that can be traced.

    That said, you could put a transmitter in the box itself. But, unless you are following the package, I'm not sure what good that would do you as you would not be in a position to intercede.

    It would be silly to put a transmitter in the slab because it would need a power source and unless freshly slabbed would no longer be transmitting.

    True, what you say. Except, If the tracking device keeps a live transmission then they could at least show some address where it end up say, before the thief would even consider cracking it out. If he even does? Remember, most thieves can really be stupid! LOL

    I think you underestimate the power requirements and the size of a device to do that.

    Wonder if a smart phone could be included and rigged to continually track location and maybe also trigger uploading video if exposed to light, indicating package was opened.

    You could definitely put one in the package. I just don't think you would want to put one in the slab

    Yes, just for the package, not the slab, and mainly for those next-day shipments that go above USPS available insurance or are irreplaceable items. Just return after received and use over again for such shipments.

    Not sure it's viable. Must be some flaw in the idea I am missing.

    http://globaltrackingtechnology.com/covert-gps-package-shipment-tracking.html

  • Options
    WinLoseWinWinLoseWin Posts: 1,484 ✭✭✭✭✭

    With the major > @jmlanzaf said:

    @WinLoseWin said:

    @jmlanzaf said:

    @WinLoseWin said:

    @jmlanzaf said:

    @joeykoins said:

    @jmlanzaf said:

    @joeykoins said:
    Like so many replys, That's terrible! :'( What an amazing Morgan. So sorry. I truly haven't read all posts but they should come up with a "tracking device" a chip. Similar to the chip they place in dogs to help locate them. It should be in the actual slab. It will become an option for the owner. Even to pay some sort of premium. Maybe, our host will think about this? Hope your coin turns up.Good Luck-joey

    Such a chip would be worthless. Once you crack the coin out of the holder, the tracking device is gone. And you'd have to crack that coin out because it has a serial number otherwise.

    The "tracking device" that they use on dogs has to be scanned in hand. It is not a transmitter that can be traced.

    That said, you could put a transmitter in the box itself. But, unless you are following the package, I'm not sure what good that would do you as you would not be in a position to intercede.

    It would be silly to put a transmitter in the slab because it would need a power source and unless freshly slabbed would no longer be transmitting.

    True, what you say. Except, If the tracking device keeps a live transmission then they could at least show some address where it end up say, before the thief would even consider cracking it out. If he even does? Remember, most thieves can really be stupid! LOL

    I think you underestimate the power requirements and the size of a device to do that.

    Wonder if a smart phone could be included and rigged to continually track location and maybe also trigger uploading video if exposed to light, indicating package was opened.

    You could definitely put one in the package. I just don't think you would want to put one in the slab

    Yes, just for the package, not the slab, and mainly for those next-day shipments that go above USPS available insurance or are irreplaceable items. Just return after received and use over again for such shipments.

    Not sure it's viable. Must be some flaw in the idea I am missing.

    http://globaltrackingtechnology.com/covert-gps-package-shipment-tracking.html

    That seems like a good idea for those few coins worth using it with in light of the major thefts that have been happening in shipments.

    "To Be Esteemed Be Useful" - 1792 Birch Cent --- "I personally think we developed language because of our deep need to complain." - Lily Tomlin

  • Options
    littlebearlittlebear Posts: 1,446 ✭✭✭✭

    To those that want a tracking chip in the slab, would that not enable a thief to locate a coin in your house, or bank safe deposit box, safe or other location? Would you want somebody to have that capability? Would you want an unscrupulous seller to have the capability to one day locate and "retrieve" said coin, no matter how many times it has been resold?

    Autism Awareness: There is no limit to the good you can do, if you don't care who gets the credit.
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    dave700xdave700x Posts: 59 ✭✭✭

    Hopefully it will be returned.

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    Walt_AltmenWalt_Altmen Posts: 184 ✭✭✭

    Very sorry to hear.

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    CameonutCameonut Posts: 7,259 ✭✭✭✭✭

    @joeykoins said:

    @Cameonut said:
    I hope for the best, but when I hear Chicago, I just shake my head.

    Hey! You're talking 'bout my hometown. Even Frank says,"My kind of town..."LOL

    I grew up in God's country - 100 miles north of Chicago. You know the area - the flatlanders come north every weekend to get away from it.

    “In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson

    My digital cameo album 1950-64 Cameos - take a look!

  • Options
    joebb21joebb21 Posts: 4,734 ✭✭✭✭✭

    @topstuf said:
    Jeez, the stuff I'm reading.
    Am I the only one who saw Laura's post that her INSURANCE COMPANY decides how to ship?
    If she ships as they require, she will be covered.

    I highly doubt the insurance company is going to be so complacent about recovery that they would allow the coin to be auctioned by the state unless that's what they would want.

    While Laura may have done everything right-there are other points to consider.
    First and foremost- a coin that was treasured and loved by her and so many others has gone missing.
    2nd- While the shipping may have been done correctly and to procedure, they might decide to raise premiums significantly for next year. A $300,000 right off by the insurance company is not one they are going to let slide easily.
    3rd- While an investigation is made into the disappearance, Somebody is out the money. Claims of this caliber might take a good deal of time to pay (perhaps 30-90 days?)

    may the fonz be with you...always...
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    blitzdudeblitzdude Posts: 5,464 ✭✭✭✭✭

    @Zoins said:

    Slab photo:


    Yikes, I'd have to crack and dip that sucker. Looks nothing like the TV

    The whole worlds off its rocker, buy Gold™.

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    MilesWaitsMilesWaits Posts: 5,311 ✭✭✭✭✭

    I could see people with the Postal Service, as this claim is being made, shaking their collective and heads saying “you really shipped that valuable of an item with us overnight?” ...As they have a good laugh.

    Now riding the swell in PM's and surf.
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    tradedollarnuttradedollarnut Posts: 20,147 ✭✭✭✭✭

    @MilesWaits said:
    I could see people with the Postal Service, as this claim is being made, shaking their collective and heads saying “you really shipped that valuable of an item with us overnight?” ...As they have a good laugh.

    The claim won’t be made with the postal service so that’s gonna be a little hard...

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    BAJJERFANBAJJERFAN Posts: 30,994 ✭✭✭✭✭

    @topstuf said:
    Jeez, the stuff I'm reading.
    Am I the only one who saw Laura's post that her INSURANCE COMPANY decides how to ship?
    If she ships as they require, she will be covered.

    I highly doubt the insurance company is going to be so complacent about recovery that they would allow the coin to be auctioned by the state unless that's what they would want.

    If/when the coin is recovered the insurance company owns it. What state is going to auction it? They would probably contact the shipper and want to exchange it for the $300K or whatever they shelled out to settle the claim.

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    MilesWaitsMilesWaits Posts: 5,311 ✭✭✭✭✭

    @tradedollarnut said:

    @MilesWaits said:
    I could see people with the Postal Service, as this claim is being made, shaking their collective and heads saying “you really shipped that valuable of an item with us overnight?” ...As they have a good laugh.

    The claim won’t be made with the postal service so that’s gonna be a little hard...

    From the original post:
    Much to our horror, after less then a week, the Postal Inspectors quit seeking it and declared it stolen.

    Now riding the swell in PM's and surf.
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    tradedollarnuttradedollarnut Posts: 20,147 ✭✭✭✭✭
    edited April 17, 2019 6:34PM

    @MilesWaits said:

    @tradedollarnut said:

    @MilesWaits said:
    I could see people with the Postal Service, as this claim is being made, shaking their collective and heads saying “you really shipped that valuable of an item with us overnight?” ...As they have a good laugh.

    The claim won’t be made with the postal service so that’s gonna be a little hard...

    From the original post:
    Much to our horror, after less then a week, the Postal Inspectors quit seeking it and declared it stolen.

    Ok, not an insurance claim..

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    WalkerfanWalkerfan Posts: 8,976 ✭✭✭✭✭
    edited April 17, 2019 6:34PM

    @BAJJERFAN said:

    @topstuf said:
    Jeez, the stuff I'm reading.
    Am I the only one who saw Laura's post that her INSURANCE COMPANY decides how to ship?
    If she ships as they require, she will be covered.

    I highly doubt the insurance company is going to be so complacent about recovery that they would allow the coin to be auctioned by the state unless that's what they would want.

    If/when the coin is recovered the insurance company owns it. What state is going to auction it? They would probably contact the shipper and want to exchange it for the $300K or whatever they shelled out to settle the claim.

    For sure. $300K can be replaced but that coin is unique and cannot be. I'm sure that the rightful owner would much rather have the coin.

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set (1916-1947)

    https://www.ngccoin.com/registry/competitive-sets/16292/

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    ProofmorganProofmorgan Posts: 715 ✭✭✭✭✭

    I’d still put In the claim for the $100 just to make USPS have some accountability. More about the principle.

    Collector of Original Early Gold with beginnings in Proof Morgan collecting.
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    ms70ms70 Posts: 13,946 ✭✭✭✭✭

    Wow. That's completely inexcusable. It's suspicious that they're so willing to just pay out the insurance. It's like there's a dirty little secret or something.

    Great transactions with oih82w8, JasonGaming, Moose1913.

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    BAJJERFANBAJJERFAN Posts: 30,994 ✭✭✭✭✭

    @MilesWaits said:

    @tradedollarnut said:

    @MilesWaits said:
    I could see people with the Postal Service, as this claim is being made, shaking their collective and heads saying “you really shipped that valuable of an item with us overnight?” ...As they have a good laugh.

    The claim won’t be made with the postal service so that’s gonna be a little hard...

    From the original post:
    Much to our horror, after less then a week, the Postal Inspectors quit seeking it and declared it stolen.

    The USPS carried it, but smoeone else insured it.

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    BAJJERFANBAJJERFAN Posts: 30,994 ✭✭✭✭✭

    @Walkerfan said:

    @BAJJERFAN said:

    @topstuf said:
    Jeez, the stuff I'm reading.
    Am I the only one who saw Laura's post that her INSURANCE COMPANY decides how to ship?
    If she ships as they require, she will be covered.

    I highly doubt the insurance company is going to be so complacent about recovery that they would allow the coin to be auctioned by the state unless that's what they would want.

    If/when the coin is recovered the insurance company owns it. What state is going to auction it? They would probably contact the shipper and want to exchange it for the $300K or whatever they shelled out to settle the claim.

    For sure. $300K can be replaced but that coin is unique and cannot be. I'm sure that the rightful owner would much rather have the coin.

    If it's found before the claim is paid the buyer will get it. If found after the claim is paid the disposition of the coin will be up to the new owner which/who would be the insurer.

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    BAJJERFANBAJJERFAN Posts: 30,994 ✭✭✭✭✭

    @ms70 said:
    Wow. That's completely inexcusable. It's suspicious that they're so willing to just pay out the insurance. It's like there's a dirty little secret or something.

    They have no skin in the game liability-wise. The USPS aint payin out the insurance. They did not meet their timely delivery guarantee so they gave the $100 back.

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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    edited April 17, 2019 8:20PM

    When a $500 coin I sold 15 years ago got lost insured with USPS I dealt with the postal inspector for like 7 weeks. Then finally considered lost and they paid out at about the 9-12 week point as I recall.

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!

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