Shipping coins

Pghpete

Greetings,

I am about to post my first eBay item - a Reverse Proof 70 SAE. I was lucky enough to have the only SAE I submitted come back as a PR70. I want to sell it while it's hot and buy some other coins such as a nice Bust Halve, or perhaps a lower graded 1909-S VDB. I'm in a quandry as to how to ship it. The US Postal Service will only insure up to $500 right? On the UPS site lists $100 as a max value. I've gotten several coins via USPS, but I'm concerned with sending a $900+ coin that can only be insured up to $500.

What method do you guys use on your more expensive coins?

Thanks.

itsnotjustme

USPS Registered Mail.

Dennis88

From what I've heard insuring the shipment by a private insurer works good....

Dennis

LALASD4

USPS Registered Mail with $1000.00 Insurance would be about $11.00

puritan9

Registered mail with insurance is the way I sell expensive coins.

Russ

<< <i>The US Postal Service will only insure up to $500 right? >>



Registered Mail can be insured up to $25,000. Even First Class and Priority can be insured for a lot more than $500.

Russ, NCNE

BECOKA

USPS Registered mail is the safest bet and insurance is cheap. Everytime the package changes hands it gets signed for and is locked in a cage when at a postal facility overnight and has to be signed for to get it out of the cage.

Can't go wrong.

Pghpete

Registered mail it is, thanks everyone for your really quick advice.

Russ

Make sure you check the packaging requirements for Registered. All seams must be covered with PAPER packing tape, not regular tape, and you cannot use bubble mailers even if your clerk lets you get away with it.

Russ, NCNE

lkrarecoins

Registered Mail is the safest route.....the hardest part for me was finding someone who carried the brown paper tape...I now have a roll

Topcoin

The paper tape cannot have any wax on it at all as all seams are stamped and the package also needs to use the brown paper over the whole package or they won't except it. I asked why this is and was told by a friendly postal clerk the packaging requirements for registered mail have not changed in a very very long time.

Russ

<< <i>and the package also needs to use the brown paper over the whole package or they won't except it. >>



The clerk that told you that is wrong. Only the seams need to be covered.

Russ, NCNE

LALASD4

the package also needs to use the brown paper over the whole package or they won't except it.

They will accept it if it is in one of their Priority Boxes. Only the seams need to be covered.

billboat

<< <i>

<< <i>and the package also needs to use the brown paper over the whole package or they won't except it. >>



The clerk that told you that is wrong. Only the seams need to be covered.

Russ, NCNE >>



You are correct but I've had several futile discussions at the counter and since I don't mail registered that often and like to stay on good terms with the clerk I deal with most often I just find it easier to wrap the whole package in the brown paper tape and let them stamp away to their hearts content--ends up looking like a christmas package.

Pghpete

O.K., I got it now. USPS Registered, packing tape around the seams, no bubble/padded envelope (rats). Now back to a part of my original thread; for the money won on the coin, I'm going to replace the RP SAE with a PR 69 or a raw one, to recomplete the set. Then with the money left, (hopefully $650+ish), I'd like to buy a nice certified XF/AU Bust Halve, or a 09S VDB in VG/Fine condition. Another option would be a $10 Indian. I don't have any of these coins, so any of them would be my first. Any othe suggestions for that amount of money?

BECOKA

<< <i>O.K., I got it now. USPS Registered, packing tape around the seams, no bubble/padded envelope (rats). Now back to a part of my original thread; for the money won on the coin, I'm going to replace the RP SAE with a PR 69 or a raw one, to recomplete the set. Then with the money left, (hopefully $650+ish), I'd like to buy a nice certified XF/AU Bust Halve, or a 09S VDB in VG/Fine condition. Another option would be a $10 Indian. I don't have any of these coins, so any of them would be my first. Any othe suggestions for that amount of money? >>



I like the Bust Half option, they are a great coin that seems to hold its own over time. You can get the SVDB or the $10 Indian anytime.

sonoranmonsoon

USPS registered mail should be fine. But as I learned on this forum yesterday....get one of those green return receipt requested forms that are scanned by the Post office, just in case you need to file a claim.

PrivateCoinCollector

The $500 limit is only on-line. You can buy more if you walk it into the Post Office, but the best deal is Registered and Insured.

Rarity

What about FedEx with overnight delivery ?
I believe FedEx also insures the package for up to $5000.

Russ

<< <i>What about FedEx with overnight delivery ?
I believe FedEx also insures the package for up to $5000. >>



FedEx excludes coins from insurance coverage, as does UPS. You would need private insurance.

Russ, NCNE

Rarity

<< <i>
FedEx excludes coins from insurance coverage, as does UPS. You would need private insurance.

Russ, NCNE >>




Then US Mint did not have any insurance coverage when they sent me my AGE set a few months back? The set was delivered by FedEx.

BAJJERFAN

<< <i>Then US Mint did not have any insurance coverage when they sent me my AGE set a few months back? The set was delivered by FedEx. >>



The Mint probably has their own insurance in one form or another. Just because it doesn't show like it does on a USPS label doesn't mean they don't have it. I'm sure with the volume that the Mint does they probably struck a deal [no pun intended] with FEDEX or an insurance carrier.