To insure or not to insure, that is the question.

sliderider

So do you:

A. Always have your coin purchases shipped insured.
B. Never have your coin purchases shipped insured.
or
C. Selectively have your coins shipped insured, on a case by case basis.

The reason I ask, is that myself and my friends have found over the years that we have more cases of missing coins when we ship insured than not. I guess the big red 'INSURED' stamp on the outside of the package is a dead giveaway to thieves that something valuable is inside and that it won't be missed because of the insurance. This is why I almost never take the insurance unless the seller refuses to ship without it. I'd rather have the coins than the cash.

nccoin

When I am selling, I leave it up to the buyer for coins valued under 40 dollars. Over that I require insurance, and charge the appropriate amount for S&H.

Myqqy

I think that insurance is a must for sellers, because without it there is nothing to protect them if there is a claim that the coin never arrived. I've never had an insured coin not arrive, but I would be curious if there is any data about insured coins being more subject to theft....

ibzman350

c.

over 500 deals only one didn't show up, not insured and the seller made good and sent another sample
slab

Herb


PS. don't want to mention any names CK

nccoin

I have had only one item that did not show that was insured, (still waiting for a check from the P.O. from that) from several years of selling.

coinbuf

I only ship or buy with ins.

ccex

I ship my coins from work. Not only is the return address a computer company, but we also buy online postage through Endicia.com and use U-Pic insurance, which settles claims quicker than U.S.P.S. There is no red "steal me" stamp or blue "steal me" sticker on the package, and I don't have to wait in line at the post office.

When I sell off my duplicates on eBay, I usually list shipping of one or more coins at $2.50 including insurance. I do not make postal insurance optional, although a few buyers have decided to send only $1.20

CoinHunter2003

As a coin buyer (not a seller): Be it a $9.95 NGC Kennedy Half or a PCGS
MS Gold Coin I buy insurance. It assures me the coin will be shipped or I'll get most of my money back.
It also protects the sellers I buy from.

michael

registered and insured goes hand in hand for coins

michael

dorkkarl

i used registered mail most of the time. don't think i've hardly ever mailed an uninsured coin, that's just asking for trouble!

K S

nwcs

I always insure when I'm not willing to carry the risk of paying for problems.

idocoins

Always ship prority mail insured.

boz

<< <i> registered and insured goes hand in hand for coins >>

100proof1957

as a seller,insurance is mandatory.
as a buyer,i normally pay for it.

Shamika

I've been burned twice for not buying insurance. As a result, I NEVER skip insurance anymore.

tmot99

It depends on the coins. I'll take the risk on a $5 (value) coin if the seller has a good reputation. If I have even the slightest bit of question, I'll ask for insurance.

I bought a 1982 Barber Half in MS-62 off of ebay and it was shipped with insurance. I waited and waited for it to show up. I was working with the seller who swore he shipped it. Gave me the numbers and all. He ended up sendin my money back at 25 days and he went to the PO to file the paperwork. You can't make a claim until 30 days. On the 30th day, what shows up? The coin. In the meantime, I had already found another, nicer half so I returned it.

alergar

When selling I do it;

Under $50 closing price insurance is optional.
Over $50 closing price insurance is required.

When buying I typically pay for the insurance !