Does anyone know roughly what the premium would be for a $15 million policy on a coin? and would that be just for travel or all the time? would there need to be riders for natural disasters like earthquake, hurricane, flood, fire ,,,?
@davewesen said:
Does anyone know roughly what the premium would be for a $15 million policy on a coin? and would that be just for travel or all the time? would there need to be riders for natural disasters like earthquake, hurricane, flood, fire ,,,?
There are so many variables to factor into play and some may be optional, but the base policy is likely to exclude any type of travel. Storage method and location, security system or armed guards, crime and theft statistics, proximity to water, flood zones, likelihood of natural disaster, deductible size, etc etc.
Any travel coverage would probably be assessed on a case by case basis, and almost assuredly require armored truck service and security guards. I remember when getting my policy quoted, there was some exclusion if your'e home fell within 5 miles of the coast and fortunately mine was about 6 miles. Also, there was about a 20% increase if you wanted coverage from "acts of terrorism" which typically are exclusions. I wouldn't be surprised if it fell between 50k-100k annually, but I really have no idea.
@Baylor8670 said:
Now, that's how you play The Crack Out Game!!!
/s
Actually, that's not how you play "The Crack Out Game". The article stated that the coin was submitted for "crossover".
"The coin was recently submitted to CAC for crossover, where a coin is removed from another third-party certification service’s sealed holder, examined, and, if appropriate, certified and encapsulated by another service."
It does make you wonder though, do you suppose it was just blindly sent in to CAC? Or, were there some calls made, notices given, assurances offered before it was submitted? Seems to me that CAC as the new service, would want to get their holder on very prominent coins.
@Baylor8670 said:
Now, that's how you play The Crack Out Game!!!
/s
Actually, that's not how you play "The Crack Out Game". The article stated that the coin was submitted for "crossover".
"The coin was recently submitted to CAC for crossover, where a coin is removed from another third-party certification service’s sealed holder, examined, and, if appropriate, certified and encapsulated by another service."
It does make you wonder though, do you suppose it was just blindly sent in to CAC? Or, were there some calls made, notices given, assurances offered before it was submitted? Seems to me that CAC as the new service, would want to get their holder on very prominent coins.
Those are fair questions and I hope the submission was handled as anonymously as possible, considering the high profile of the coin.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I think Dan’s estimate on price for insurance sounds about right. I just renewed my Hugh Wood for a waaaay
lower amount but if I were to spitball it, I would guess 75k a year for 15 million.
It would actually be nice if someone from Hugh Wood was on here to answer such questions.
"Look up, old boy, and see what you get." -William Bonney.
Comments
Great excuse to attend whichever show it's displayed at
"Inspiration exists, but it has to find you working" Pablo Picasso
Disregarding "grade", I would agree that this coin is a contender for finest known.
On the web: http://www.earlyus.com
so good it could be the first struck
It's not, though. Notice the die clash on the reverse below the wings and on the obverse behind the hair. The "specimen" coin doesn't have these.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
and a great strike isn't indicative of first struck
Does anyone know roughly what the premium would be for a $15 million policy on a coin? and would that be just for travel or all the time? would there need to be riders for natural disasters like earthquake, hurricane, flood, fire ,,,?
There are so many variables to factor into play and some may be optional, but the base policy is likely to exclude any type of travel. Storage method and location, security system or armed guards, crime and theft statistics, proximity to water, flood zones, likelihood of natural disaster, deductible size, etc etc.
Any travel coverage would probably be assessed on a case by case basis, and almost assuredly require armored truck service and security guards. I remember when getting my policy quoted, there was some exclusion if your'e home fell within 5 miles of the coast and fortunately mine was about 6 miles. Also, there was about a 20% increase if you wanted coverage from "acts of terrorism" which typically are exclusions. I wouldn't be surprised if it fell between 50k-100k annually, but I really have no idea.
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It does make you wonder though, do you suppose it was just blindly sent in to CAC? Or, were there some calls made, notices given, assurances offered before it was submitted? Seems to me that CAC as the new service, would want to get their holder on very prominent coins.
Those are fair questions and I hope the submission was handled as anonymously as possible, considering the high profile of the coin.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
anyone see this beaut and the Morelan sp66 and have an opinion on which is the best of the two?
I think Dan’s estimate on price for insurance sounds about right. I just renewed my Hugh Wood for a waaaay
lower amount but if I were to spitball it, I would guess 75k a year for 15 million.
It would actually be nice if someone from Hugh Wood was on here to answer such questions.
"Look up, old boy, and see what you get." -William Bonney.
.
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