So I heard coins are not insurable via usps?

ChrisRx

Is this true/false? If true, whats the point of insuring?

blu62vette

They have told me that before too. It is just ego at the postal counter, dont ever tell them what you are shipping.

bigmansam88

Just don't tell them that you're shipping coins and you'll be fine.

mgoodm3

It's not coins that they won't insure, it's "coin" --- cash

Bullish

Tell them, it's a collectable.

Goldbully

<< <i>It's not coins that they won't insure, it's "coin" --- cash >>



Well said!!!

ChrisRx

Oh ok, so a numismatic item would suffice?

LincolnCentMan

I've had insured collectable coins paid for by the post office when they've lost a package. They do want a sells reciept showing value.

-David

MICHAELDIXON

Myself, like many of you, has a postal employee telling me I can't insure or file a claim for a lost coin. I did a search on the boards and nobody has referenced where it says you can insure coins. I sent a question to the Q & A section of the Post Office site and they sent back a standard line which didn't answer the question. Being upset, I decided to find the answer, print it out and take it to the Postal Employee who processes the claims.
.
Here is the answer:
U.S. Postal Service Publication #122 Dated April 2005 (page 9 and 10)
.

Click for USPS Publication #122

TomB

You can insure coins and simply declare them as "merchandise", "collectibles" or "product". This is completely valid. Also, the USPS will pay out on your insurance claims for coins if they are damaged or lost.

fc

i agree with those who said, yes, you can insure collectibles.

beartracks42

<< <i>I've had insured collectable coins paid for by the post office when they've lost a package. They do want a sells reciept showing value.

-David >>




Same here.

NeoStar

I've had insured collectable coins paid for by the post office when they've lost a package. They do want a sells reciept showing value.

-David

Me too...

Bochiman

<< <i>You can insure coins and simply declare them as "merchandise", "collectibles" or "product". This is completely valid. Also, the USPS will pay out on your insurance claims for coins if they are damaged or lost. >>



Yep...what Tom said....there is a form they have and you just need some kind of proof of value and to state what it is, and have your insurance receipt from the PO......regrettably, I was on the receiving end for the first time ever

Was receiving 2 coins, signed for the package, started to walk out, was ~4 inch TEAR in the reverse (was for my son, so I wasn't going to open it), and walked right back to the gal I got it from. So far, things are going smoothly, without any problem (coin was a 1855 slanted large cent in high AU). 2nd coin was still packed as was sent...someone had tore open the reverse, took out the wrapping coin #1 was in, put BACK in the wrapping, and kept the coin

Walmann

Good thread to know of potential issues with the post office if one needs to file such a claim.

derryb

I've never been asked what was inside. Only if it was fragile, flammable etc. Of course its just a matter of time before Homeland Security is manning the PO counter.

Frankcoins

<< <i>I've never been asked what was inside. Only if it was fragile, flammable etc. Of course its just a matter of time before Homeland Security is manning the PO counter. >>



Until we were told to lie to the post office clerk, they told us our submissions to PCGS were unmailable, not just uninsurable. We should cash in the coins and buy a money order!

droopyd

<< <i>I've never been asked what was inside. Only if it was fragile, flammable etc. Of course its just a matter of time before Homeland Security is manning the PO counter. >>



The answer to the question: "How can we make the US Postal Service even worse than it already is."

leothelyon

<< <i>

<< <i>You can insure coins and simply declare them as "merchandise", "collectibles" or "product". This is completely valid. Also, the USPS will pay out on your insurance claims for coins if they are damaged or lost. >>



Yep...what Tom said....there is a form they have and you just need some kind of proof of value and to state what it is, and have your insurance receipt from the PO......regrettably, I was on the receiving end for the first time ever

Was receiving 2 coins, signed for the package, started to walk out, was ~4 inch TEAR in the reverse (was for my son, so I wasn't going to open it), and walked right back to the gal I got it from. So far, things are going smoothly, without any problem (coin was a 1855 slanted large cent in high AU). 2nd coin was still packed as was sent...someone had tore open the reverse, took out the wrapping coin #1 was in, put BACK in the wrapping, and kept the coin >>




Ain't that the truth! Try explaining to the PO that Jefferson nickels with full steps have value. Had to get a dealer to state that was so for that proof of value form and it all worked out. I don't know how they would look at modern pop tops though.

Can anyone see the day coming when the PO will only insure coins that have been certified by the big one and CAC stickered?

Leo

Prethen

FALSE

It's insurable. I know for a fact that it is because they had to pay on one that got "lost" in their system.

bluespaceant

leothelyon

<< <i>It's not coins that they won't insure, it's "coin" --- cash >>



Darn, if you don't learn something here everyday!


Leo

ricko

I have received insured coins.... Cheers, RickO

Raybo

<< <i>It's not coins that they won't insure, it's "coin" --- cash >>



This is the same that I have heard.

Ray

COINB0Y

Page 12 says YES