USPS REJECTED INSURED Ebay LOST COINS CLAIM

TRADECOIN · September 28, 2011 2:48AM

Hi All, I had a Ebay sale , silver dollars they were Sent 1st class insured for $300.00 . Post office lost them . I put in a lost insured mail claim . Claim was paid at $18.07 stateing money is only insured up to $15.00 .
This happen to anyone else ?? I put in my appeal now waiting the reply. Ron

keyman64 · September 28, 2011 2:50AM

Ugh! From what I understand they are 'collectables', not money. Good luck and keep us updated.

TheCoinGeezer · September 28, 2011 2:52AM

<< Hi All, I had a Ebay sale , silver dollars they were Sent 1st class insured for $300.00 . Post office lost them . I put in a lost insured mail claim . Claim was paid at $18.07 stateing money is only insured up to $15.00 .
This happen to anyone else ?? I put in my appeal now waiting the reply. Ron >>

For decades I have sent coins and other items via USPS insured. Over the years a few have gone missing.
The proper claim forms were filed along with the associated paperwork showing the value (an invoice will do just fine) and the claims paid at full insured value.
Can't imagine why you're having a problem.

joebb21 · September 28, 2011 2:54AM

The were antiques or collectibles. use that

DIMEMAN · September 28, 2011 2:57AM

TOTAL BULL $HIT!!!!!

silverpop · September 28, 2011 2:57AM

odd usually with proper proof they will pay the full claim

TRADECOIN · September 28, 2011 3:00AM

All true. I have been paid for every loss claim ( only about 4 ) over the past 12 years . My claim form was correct with box marked 08 collectable as With everything done as required on the form. Ron

al410 · September 28, 2011 3:01AM

I had to file a claim a few months ago for a graded Morgan Dollar that first was missing then turned up at the post office ripped open and missing the contents and when I submitted the claim I submitted a copy of the ebay auction and they paid me what it was insured for which was about $100.00 Was a easy claim and no problems. You must submit proof of value of some sort. Which in my case was the Ebay auction
AL

TRADECOIN · September 28, 2011 3:04AM

All were sent with the claim . I have done this before with no problems . Ron

drwstr123 · September 28, 2011 3:27AM

The first insurance claim is decided in-house.
File an appeal. That will go to a district office.

johnny9434 · September 28, 2011 3:39AM

<< TOTAL BULL $HIT!!!!! >>

anything to NOT pay the claim. welcome to the us government and america

boucharda · September 28, 2011 3:57AM

I have had 2 out of many hundreds of coin packages get lost. They were insured for the actual sale amount and I had no difficulty getting the insurance payment.

The $15/max makes no sense unless you sold them for $15 ..can't insure for more than they are worth as collectables.

Just sounds weird...

NewParadigm · September 28, 2011 5:18AM

The US government is doing what they do best: taking their citizens money.

silverpop · September 28, 2011 5:35AM

let's leave the personal political BS out of these threads ok, there is a place for politcal crap this is not the place

Bankerbob56 · September 28, 2011 6:21AM

<< 

<< TOTAL BULL $HIT!!!!! >>

anything to NOT pay the claim. welcome to the us government and america >>

FYI: The USPS is NOT a government agency!!!

drwstr123 · September 28, 2011 6:41AM

<< 

<< 

<< TOTAL BULL $HIT!!!!! >>

anything to NOT pay the claim. welcome to the us government and america >>

FYI: The USPS is NOT a government agency!!!

>>

They're not?
Then it's legal for them to strike???

Bankerbob56 · September 28, 2011 6:43AM

<< 

<< 

<< 

<< TOTAL BULL $HIT!!!!! >>

anything to NOT pay the claim. welcome to the us government and america >>

FYI: The USPS is NOT a government agency!!!

>>

They're not?
Then it's legal for them to strike??? >>

NOT!!! But I am not sure that their ability to go on strike has to do with anything... Do you remember the Air Traffic Controllers? They went on an informal strike and all got fired!

Bankerbob56 · September 28, 2011 6:51AM

Let's put it this way... they are an agency of the US Govt, but they are not your typical government operation. Notice they are a .com on the web not a .gov!

The Board of Governors of the United States Postal Service sets policy, procedure, and postal rates for services rendered, and has a similar role to a corporate board of directors.

In 2004, the U.S. Supreme Court ruled in a unanimous decision that the USPS was not a government-owned corporation, and therefore could not be sued under the Sherman Antitrust Act.[23]

MICHAELDIXON · September 28, 2011 6:51AM

drwstr123 · September 28, 2011 6:54AM

Did you notice that Postal vehicles do not have license plates?

MICHAELDIXON · September 28, 2011 7:02AM

Here is the answer:
U.S. Postal Service Publication #122 Dated October 2010 (page 8)
.

Click for USPS Publication

Print out a copy and take it to your post office. I had this problem once and had to do their job for them. This is what I did:

I filed the claim and it was paid. The guy was adamant about coins not being insurable. He disputed what the postal regulation stated. I think I finally got his attention when I told him: "You're supposed to be the resident expert here. You should be embarrassed that I'm having to train you in your job!"

This is what page 8 states:
" The 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 collector’s newsletter and trade paper. '

USPS REJECTED INSURED Ebay LOST COINS CLAIM

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