Sending a coin to a buyer through the mail

Walkerlover

Would you send a $1500 coin USPS priority insured mail 1-2 days shipping, or only registered? Please advise

PapiNE

Registered

ifthevamzarockin

Registered

MetroD

Registered

Something else to consider - I do not know what you are shipping (i.e., numismatic vs. bullion). If it is bullion, be aware that the USPS limits their indemnity on bullion to $15 for all services, except for "Registered".

Reference (Section 4.1.m)

PapiNE

FYI....I tried to send a registered package this morning and was told it had to be sealed up with that brown reinforced tape.

ifthevamzarockin

@PapiNE said:
FYI....I tried to send a registered package this morning and was told it had to be sealed up with that brown reinforced tape.

Yes, it has been that way for a long time and it needs to be a type of tape that will absorb the postmark ink.

JWP

Whatever carrier you send it by doesn't really matter. But you need to have a signature required and have it insured. Registered might be a little expensive but a loss of $1,500 would be more catastrophic. But, the choice is yours take a chance and save a few bucks, or spend a few bucks and rest better at night.

ifthevamzarockin

@JWP said:
Whatever carrier you send it by doesn't really matter.

Some carriers don't insure coins.

MetroD

@ifthevamzarockin said:

@JWP said:
Whatever carrier you send it by doesn't really matter.

Some carriers don't insure coins.

And others explicitly limit their liability via a maximum "declared value" clause in the terms.

For example, 'FedEx Express' currently has a cap of $1,000 on the "declared value" for:
~ "precious metals" ("Declared Value" section; clause F9);
~ "collector's coins" ("Declared Value" section, clause F11).

Reference (page #128)