1859-O $10 finest known Lost/stolen in shipment
logger7
Posts: 8,666 ✭✭✭✭✭
I've seeing a number of these overnight expresses get lost/stolen in shipment.
INVESTIGATING AGENCY: UPS
TYPE OF INCIDENT: LOST/STOLEN
INCIDENT LOCATION: GAINESVILLE, GA
DATE OCCURRED: 1/25/2023
A package being shipped UPS Overnight, direct delivery and signature required
from Texas to Georgia has been reported stolen/lost. The package was last
scanned at the Gainesville, GA facility and since then has not been located.
The package contained the following coin:
1859-O $10 Liberty NGC AU 58 6331860-005 ( Tied for finest known for date )
Anyone with information contact:
Doug Davis
3
Comments
Your thread title calls it a $20 yet your post calls it a $10.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Thanks.
Well, since I'm in Gainesville, Georgia, I'll keep my eyes and ears open.
UPS to my knowledge does NOT ship coins. I hope there was 3rd party insurance on the package.
I know the feeling all too well. UPS shipment “lost” in route a year ago December. Received an empty box and handed it back to driver.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
OMG that's terrible. I hope it surfaces. That has to be the worst feeling.
Do you have a slab number so we can all keep our eyes out for it just in case it surfaces for sale somewhere?
NGC AU 58 6331860-005 I'm just relaying the information from Doug Davis of NCIC. Thieves often crack high value coins out which may have become radioactive due to people looking for it to sell it raw.
There are 14 finer PCGS….
thanks for that info i was not aware of this.
i am dyslexia of borg futility is resistant your ass will be laminated.
That is terrible.... I sincerely hope the coin is located and not stolen.... Cheers, RickO
2023 UPS Tariff/Terms & Conditions of Service (U.S.)
Page #5, Section 3.1
I looked it up and saw a PCGS population of 2 AU58’s with none graded higher.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Source: https://www.pcgs.com/coinfacts/coin/1859-o-10/8629
went down the rabbit hole and found the NCIC site,lots of nefarious stuff going on at fedex and USPS regarding thefts.
either the packages are X'rayed or the label give away whats inside.
one of the thefts i saw was 120 gold eagles were shipped express mail,why not courier a shipment like that.
i am dyslexia of borg futility is resistant your ass will be laminated.
More reasons to be patient with registered mail.
Trying to save a few dollars on postage and look what happens.
Why do you say that? Overnight delivery, signature required (USPS, UPS or FedEx) are required by some (many?) third party insurance companies.
Obviously on high value collectibles like this the owner values it higher than any payout from an insurance company. I'm interested to know if those who have gone through the process of getting reimbursed for the loss get the full amount of their loss?
@logger7 I had a claim with FEDEX. I just sent them a screenshot of what I paid, the coin in slab and some other supporting documents. Of course it was only $500. Yet the coin was a tough variety of Large Cent ....couldn't really be replaced. It still stings. I can only imagine how bad the owner of this coin feels. Money can never replace it.
Did you get reimbursed?
This is something I often fear. I have two packages coming in today. One is $977 and the other is just under $400.
I have never had an issue but with all these stories I do get concerned. I will be sitting tight today awaiting there arrival. I had them sent for Saturday delivery deliberately. I am so sorry to hear about this missing coin. I hope it surfaces.
What is the value of the OP's coin?
I understand it's irreplaceable I am just curious about it's dollar value.
Top population coins are often worth whatever a determined buyer in an auction is willing to bid, more so with the $20 gold in that date and grade, but still in real demand.
The 1859-O Eagle is rare, not just in terms of original mintage (2,300), but also in terms of estimated survivors... just 55 total in all grades according to Coin Facts... and probably just a few in AU.
If this coin turned up again and was marketed at its true value to a knowledgeable collector, it would likely garner a lot of scrutiny. That would make it almost impossible to sell on the legitimate market after being stolen/lost.
Not to mention, Overnight, insured, signature required is the most expensive way to ship anything. Registered would be the route you take to save money
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I am a great believer in Registered Mail. However, they have always had a maximum amount that they would pay off on a single package. Used to be $25,000, but I have no idea what it would be now.
And, if the package is worth more than the maximum, they still demand that you declare the full value and pay for the full value in Insurance fees even though they will not pay out more than the maximum. In the past there have been cases where a dealer declared the maximum, the package got lost, and when the claim was filed and the dealer showed an invoice or whatever as proof of value that was significantly more than the amount declared (the maximum) the P.O, refused to pay anything! I believe that their excuse was "You cheated us out of our Insurance fees even though we would not have paid off that amount."
I do not use the NGC website often, and am not really familiar with it. However, based on the following, I THINK that there might be a NGC 62.
Source: https://www.ngccoin.com/coin-explorer/united-states/gold-eagles/liberty-head-10-1838-1907/18629/1859-o-10-ms/?des=ms
I agree with the auction comment from @logger7.
That said, in this case, I believe that the "NGC Price Guide", last updated 05/31/18, can provide some guidance.
Source: https://www.ngccoin.com/coin-explorer/united-states/gold-eagles/liberty-head-10-1838-1907/18629/1859-o-10-ms/?des=ms
Source: https://faq.usps.com/s/article/Registered-Mail-The-Basics
Oh boy!