FedEx Question

astrorat

I was about to send some coins in for authentication and was reading the "limitations" regarding declared value with FedEx and it turns out that using FedEx to send coins is expressly prohibited. How is it, then, the TPG's can use FedEx to send coins to submitters and dealers can use FedEx to send coins? What am I missing here?

Lane

K6AZ

They use private carrier insurance. FedEx is great if you use a private insurer. FedEx will not cover coins with their insurance.

astrorat

Gotcha, thanks.

Lane

K6AZ

Your best bet if you don't use a private insurer is to send registered mail. If the value of what you want to have authenticated is relatively small, then perhaps insured first class with delivery confirmation.

tmot99

It's only prohibited if they know what's in there. I wouldn't expect FedEx to turn down much business. My guess is that they will not officially insure the coins so if they are lost, oh well.

I only send and receive coins by USPS. In general, they have been very good. When sending, especially if the coin has significant value, I will send registered insured. Also when buying from somebody you don't know and the coin is not as promised and they won't let you return the coin, my understanding is that it officially becomes mail fraud. I have never had to play this card.

Only once has USPS lost a coin that I bought on ebay. You can't make an insurance claim until 30 days. The seller had started the ball rolling at about 25 days and he had already sent my money back. Wouldn't you know it, on day 30, it showed up in my mailbox.

K6AZ

<< <i>Only once has USPS lost a coin that I bought on ebay. You can't make an insurance claim until 30 days. The seller had started the ball rolling at about 25 days and he had already sent my money back. Wouldn't you know it, on day 30, it showed up in my mailbox. >>



That's been changed. The new wait times are 15 days for registered mail, 21 days for all other mail.

astrorat

<< <i>It's only prohibited if they know what's in there. I wouldn't expect FedEx to turn down much business. My guess is that they will not officially insure the coins so if they are lost, oh well. >>



Yeah, I bet they won't unofficially insure them either!

Lane

airplanenut

If they don't know what's in the package, it'll be "insured"... they'll gladly take your money. But come time to make a claim, too bad, so sad--should've read the rules.

That said, I send high valued stuff Registered, and lesser stuff first class with private insurance... that way I get the best insurance rate possible, and I can send any way I like, even FedEx or Airborne.

Jeremy

astrorat

Okay, how does one use "private insurance" with USPS, FedEx, or UPS?

Lane

numonebuyer

USPS Registered Mail works for me.

airplanenut

I'm a registered shipper with [U-PIC]http://u-pic.com[/l]. You need to get a waiver for shipping coins, though.

With the plan, I don't ever have to take a package to the PO (though I still do for Registered Mail... duh... with Registered, USPS is cheaper on insurance).

Jeremy

GoYankees

I use USPS Priority Mail. It gets to Newport Beach in 2 days, sometimes 3 days, from New England.