I sent the 3 famous lincoln cents (44/43 overdate coppers) to PCGS and insured them, as I agreed to do, for $39,000 registered mail. Not a single person at the post office even batted an eye.
<< <i>I sent the 3 famous lincoln cents (44/43 overdate coppers) to PCGS and insured them, as I agreed to do, for $39,000 registered mail. Not a single person at the post office even batted an eye. >>
<< <i>I'm glad to hear that it was bologna! She asked if I ever attempted to collect on the insurance? I never had the pleasure to do so! She said that the post office would not pay the claim. I have sent hundreds of coins insured and never thought twice!!! >>
She had to make sure you never got any money from a claim before making a statement about something she knew nothing about! I have gotten money back on lost coins that were not registered!
You can fool man but you can't fool God! He knows why you do what you do!
Coin in fact can insured via first class mail. I have lost and file a claim in the PO a few times over the year. Just fill out a form 1000 from your post office after 30days.
You also can insured money in the mail. But I will cost you a lot more than just buy a Postal MoneyOrder which carry insurance on it own.
Registered mail max insurance is $25,000. When sending over that amount if you want insurance you need private insurance specifically for such activity. Many of the major dealers/auctions houses have such coverage.
Has anybody thought to print out the online PCGS Price Guide for the coin lost and submit it as the "Fair Market Value" for the lost coin claim as provided by USPS rules?
g. Fair market value of stamps and coins of philatelic or numismatic value, as determined by a recognized stamp or coin dealer or current coin and stamp collectors newsletters and trade papers.
Seems fair enough to me
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It's amazing how different postal employees interpret their regulations. I have been told countless times when trying to pick up a business envelope with a coin that there is no such thing as an insured first class envelope. Half the times I go to the post office to claim such an envelope the clerk can't find it and gets upset at me for sending her on a wild goose chase. In these cases, she tells me to go home, call the supervisor, and come back when the supervisor finds it. Thankfully the supervisor knows exactly where I live and gives the insured envelope with the coin to the errant clerk.
And yes, I have collected on a USPS insurance claim for $240 for a Redfield Hoard Morgan with a slab crushed in transit. My claim form explained in detail why this coin was worth more in its holder than raw. I doubt that the postal claims adjuster understood any of my well documented ramblings about peach juice exploding in LaVere Redfield's cellar in the 1960s, Paramount's coin counters in the 1970s, or the MS-65 on the holder USPS cracked out. Still, I sent a collectible insured for $240, and received $240 two months after mailing it.
"Never attribute to malice what can be adequately explained by stupidity" - Hanlon's Razor
The USPS is amazing. Most of the clerks know very little about the services their company offer yet they come across with an attitude like they are experts in their field. I have found that the average USPS customer knows more.
Great transactions with oih82w8, JasonGaming, Moose1913.
Comments
<< <i>I've collected insurance on a coin and they knew it was a coin. nuf-said
midwestcoin13 You highjacked colorfulcoins icon. Looks funny without his name under it. >>
I have hijacked nothing the icon was on a page with a whole bunch of other differnt icons when I chose an icon.
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<< <i>I sent the 3 famous lincoln cents (44/43 overdate coppers) to PCGS and insured them, as I agreed to do, for $39,000 registered mail. Not a single person at the post office even batted an eye.
<< <i>and insured them, as I agreed to do, for $39,000 registered mail. >>
That was pretty skillful given the $25,000 limit.
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<< <i>
<< <i>and insured them, as I agreed to do, for $39,000 registered mail. >>
That was pretty skillful given the $25,000 limit. >>
Actually I think it's higher for registered mail.
<< <i>I'm glad to hear that it was bologna! She asked if I ever attempted to collect on the insurance? I never had the pleasure to do so! She said that the post office would not pay the claim. I have sent hundreds of coins insured and never thought twice!!! >>
She had to make sure you never got any money from a claim before making a statement about something she knew nothing about! I have gotten money back on lost coins that were not registered!
You also can insured money in the mail. But I will cost you a lot more than just buy a Postal MoneyOrder which carry insurance on it own.
Does this mean I have to return the insurance claim money they paid me when postal employees stole my coins???
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since 8/1/6
Registered Mail Regulations
g. Fair market value of stamps and coins of philatelic or numismatic value, as determined by a recognized stamp or coin dealer or current coin and stamp collectors newsletters and trade papers.
Seems fair enough to me
www.Numismatic-Playground.com
And yes, I have collected on a USPS insurance claim for $240 for a Redfield Hoard Morgan with a slab crushed in transit. My claim form explained in detail why this coin was worth more in its holder than raw. I doubt that the postal claims adjuster understood any of my well documented ramblings about peach juice exploding in LaVere Redfield's cellar in the 1960s, Paramount's coin counters in the 1970s, or the MS-65 on the holder USPS cracked out. Still, I sent a collectible insured for $240, and received $240 two months after mailing it.
The USPS is amazing. Most of the clerks know very little about the services their company offer yet they come across with an attitude like
they are experts in their field. I have found that the average USPS customer knows more.
Great transactions with oih82w8, JasonGaming, Moose1913.
<< <i>How should one handle a postal clerk in such circumstances? >>
<< <i> All the clerks at my closest PO are really mean, and I'm afraid of them >>
Tip: Stay away from the ones who own AK-47s
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