Was there a time when a postal worker stole PCGS packages?

fcloud

I see in threads here and there about coins being stolen in shipping. Was there an employee of the post office stealing? If so, does anyone know what the post office has done to ensure there is not a repeat of this? Can I get some details? I must have been under a rock!

kranky

Here are some threads about it.
Thread 1
Thread 2
Thread 3

BillJones

Postal employees were stealing coins from NGC shipments when that company was in New Jersey. I heard that was one of the reasons why NGC pulled up stakes and moved to Florida.

I also heard that the guilty parties did no get any jail time, and that a "liberal judge" sentenced them to “counseling.”

In the words of Frank, from "Everybody Loves Raymond," "What a load of crap!!!" If I had any say in it, they would be doing hard time in the big house wearing leg irons and swinging sledge hammers that make big ones into little ones.

fcloud

Thanks for the info. I must be naive while I was under that rock. I read through the threads.

Again--Thanks for the info.

Tony

Twowood

Bad things happen to goodpeople.
I've had no experience with stolen coins but last year we sent a set of children's golf clubs to our granddaughter in Calif. (San Diego).
When the box was delivered it was EMPTY! Furthermore,it was re-sealed with postal tape.
We had it insured and they paid off but the slug that stole them was not found. Twowood

Bulldog

I just had two shipments of coins, stolen from the regional NJ USPS depot. Both packages were uninsured ( customers declined). The postal service sent me a form letter with the address portion of my packages, stating that the parcels were found empty and that if I could identify the contents, they would look for it. Well I did and they didn't! I was able to recover my postage but not the value of the contents. Like an azz, I reimbursed the customers, and I am out the coins and a few hundred bucks. Guess I was drinking straight out of the bottle that day. I can claim it as a Loss on my income taxes though. We all delare our gains and losses on our coin sales. Right? ...LOL

MrKelso

A texas Bullion and coin dealer that i do business with now sends out all packages with an abreviated return address that does not indicate the type of business that shipped the package. They also send me an email saying not to be alarmed if i receive a package from someone i don't know as it's my coins and or bullion and the return address will indicate an address other then there own.

I asked them why they do that and they said they had to many insured packages that took a hike on them so they decided to take action to try to combat the problem of stealing while in transit.