It was a serious question. How do you know the USPS determines bullion by some arbitrary standard and not.........uh..........the dictionary?
I can guarantee in a court of law, only the dictionary is going to be relevant.
If the question is truly sincere, I would classify any precious metal coin struck by the Mint over the past 20 years as bullion, not a numismatic collectible. If you have a 1916-D dime, for example, or a MS66RD 1905 Indian Cent, that is obviously a numismatic item.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
It was a serious question. How do you know the USPS determines bullion by some arbitrary standard and not.........uh..........the dictionary?
I can guarantee in a court of law, only the dictionary is going to be relevant.
If the question is truly sincere, I would classify any precious metal coin struck by the Mint over the past 20 years as bullion, not a numismatic collectible. If you have a 1916-D dime, for example, or a MS66RD 1905 Indian Cent, that is obviously a numismatic item.
I'm sorry but that's not an answer. Bullion cannot have a collector premium, otherwise it defies every definition of bullion. The mint does state that some of its modern issues are bullion coins, however this again is totally arbitrary and the coins immediately gain a collector's premium if dictated by supply and demand.
Anyway again it's a grey area that the post office will always exploit to its own benefit so I would avoid this insurance at all costs.
"...reality has a well-known liberal bias." -- Stephen Colbert
It was a serious question. How do you know the USPS determines bullion by some arbitrary standard and not.........uh..........the dictionary?
I can guarantee in a court of law, only the dictionary is going to be relevant.
If the question is truly sincere, I would classify any precious metal coin struck by the Mint over the past 20 years as bullion, not a numismatic collectible. If you have a 1916-D dime, for example, or a MS66RD 1905 Indian Cent, that is obviously a numismatic item.
I'm sorry but that's not an answer. Bullion cannot have a collector premium, otherwise it defies every definition of bullion. The mint does state that some of its modern issues are bullion coins, however this again is totally arbitrary and the coins immediately gain a collector's premium if dictated by supply and demand.
Anyway again it's a grey area that the post office will always exploit to its own benefit so I would avoid this insurance at all costs.
It is an accurate answer to the question at hand but you are not willing to accept the explanation. I understand that, but if nothing else, at least a couple of your previous misconceptions have been clarified here tonight. Happy collecting.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
It is an accurate answer to the question at hand but you are not willing to accept the explanation. I understand that, but if nothing else, at least a couple of your previous misconceptions have been clarified here tonight. Happy collecting.
It's not an accurate answer!!!!! By your own admission, it's just what YOU think!
"...reality has a well-known liberal bias." -- Stephen Colbert
Where are you seeing that screenshot of the insurance purchased? Ebay gives you two options, insurance through shipcover (does not insure coins) and usps insurance (does insure coins). The title of this thread is "Buying USPS insurance through ebay", not "buying shipcover insurance through ebay" so we are talking about USPS insurance. Where did you screenshot the insurance purchased... your page?
Neither of us knows which insurance he purchased. The default is shipcover so I'm going to assume that's what he purchased. However if I'm wrong..........
Link one single reference online confirming that USPS covers coins.
No if. You are wrong. Repeatedly. And, you try to change your stance from USPS insurance to shipcover when your error is shown.
Nothing wrong with being wrong. Something is wrong when you are shown, repeatedly that you ARE wrong, and where, and you keep trying to defend your wrong position.
There are MANY members that have had to deal with USPS insurance for COVERED COLLECTIBLE COINS. Doesn't have to be slabbed. Just not the "I sent $25 in dimes, worth $25 and want my $25 covered" bit. Sending a collectible is covered, has been covered, and, for the foreseeable future, will be covered by the USPS.
When ebay started with their "shipcover", members here noticed immediately that coins were not covered and advised against using it. You likely weren't around the boards then. However, just because you weren't and you are having to deal with issues arising from using it now, doesn't mean that other people aren't covered by using USPS and doing things the right way when it comes to dealing with ebay and ignoring shipcover.
@LRCTom said:
This was definitely USPS insurance, which does cover coins. ShipCover does not..they make it clear in their Terms and Conditions.
If what Topographic says is true, and I'll find out tomorrow if it is, the tracking number will provide the proof. I'll find out tomorrow and provide an update.
...Tom
Good luck, Tom, and the information you have been given has been my understanding as well. The tracking # has all the information that the USPS will need. It will tell how much was paid (in case you had stated NOT to show the amount wen printed out), as well as any insurance purchased.
OP will probably need to be persistent with the claim... I had to be. Keep sending them receipts showing how much the item cost, etc. Print off and mail in the link on their page that shows they cover numismatic items. Appeal their decision if they deny you.
enter your tracking number at the usps.com site. It should tell you if you purchased usps insurance with your postage. It will not show the coverage amount.
Shipcover does not pay insurance on coins even if you purchased insurance.
Usps insurance with pay out on coins and up to $15 on bullion but only usps registered will pay the full market value of bullion. What usps classifies as bullion remains to be seen.
Just because you were able to purchase insurance does not mean you are insured if their policy/terms state it is not covered. When you purchase usps insurance they do not know what you are insuring. It is up to you to know if it is covered.
When purchasing insurance through ebay be sure you choose usps and not shipcover if you want your coins to be insured.
To file a claim that involves damaged/missing goods that were delivered, I believe the buyer will have to get involved with the claim.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Amwldcoin was right. Here is the email that was sent when I bought my postage and insurance through e-mail. It shows proof that I did buy insurance. I guess I never looked carefully at these emails before...
Hi lrc-tom,
Thanks for creating and printing your U.S. Postal Service shipping label for the item or items listed below.
Here's your tracking number and shipment details:
Tracking number: **** (redacted to preserve my buyer's privacy)
Shipping service: USPS First Class Package
Total label cost: $5.96
USPS Insurance: $3.35
Insured amount: $160.00
II. THE INSURANCE DOES NOT INSURE:
Coins, bullion, loose diamonds or stones, stocks, bonds, currency, deeds, evidences of debt, travelers checks, money orders, gift certificates, calling cards, lottery tickets, admission tickets, or any other negotiable documents.
This is the coverage you buy when you print your postage on Ebay. As far as the USPS is concerned, they are very strict about not paying claims on coins if you don't use registered mail.
The page linked is not usps. I was talking about usps. USPS DOES insure coins. I have won multiple claims for lost coins.
As have I.
I've been sending coins through the mail since 1977.
I have dealt with quite a few damaged and/or "lost" shipments.
It may take a while, but you'll get your money if you have proper documentation/proof of value.
Haven't read through everything, so sorry if I am reposting. USPS will absolutely pay out claims on numismatic coins, even if not shipped via registered mail.
"For stamps and coins of philatelic or numismatic value; the fair market value is determined by a recognized stamp or coin dealer or current coin and stamp collectors’ newsletters and trade papers. The date of the fair market value determination must be current and prior to the mailing date."
I have filed a few claims for items sent via non-registered mail (coins) and after a good deal of aggravation have always been paid.
Here's another tip for those buying insurance. After $50/$100 the insurance cost is $100 increments....IE you should have insured it for $200 as the cost would be the same!
@LRCTom said:
Amwldcoin was right. Here is the email that was sent when I bought my postage and insurance through e-mail. It shows proof that I did buy insurance. I guess I never looked carefully at these emails before...
Hi lrc-tom,
Thanks for creating and printing your U.S. Postal Service shipping label for the item or items listed below.
Here's your tracking number and shipment details:
Tracking number: **** (redacted to preserve my buyer's privacy)
Shipping service: USPS First Class Package
Total label cost: $5.96
USPS Insurance: $3.35
Insured amount: $160.00
@TopographicOceans said:
The label you printed through eBay was recorded as being insured. Check the tracking number.
The USPS will be able to do the same.
Looks like he knew what he was talking about.
And in the first reply as well.
@derryb said:
enter your tracking number at the usps.com site. It should tell you if you purchased usps insurance with your postage. It will not show the coverage amount.
Shipcover does not pay insurance on coins even if you purchased insurance.
Usps insurance with pay out on coins and up to $15 on bullion but only usps registered will pay the full market value of bullion. What usps classifies as bullion remains to be seen.
Just because you were able to purchase insurance does not mean you are insured if their policy/terms state it is not covered. When you purchase usps insurance they do not know what you are insuring. It is up to you to know if it is covered.
When purchasing insurance through ebay be sure you choose usps and not shipcover if you want your coins to be insured.
To file a claim that involves damaged/missing goods that were delivered, I believe the buyer will have to get involved with the claim.
Anyone who inadvertently purchased shipcover insurance for items not covered ever been successful at getting their $$$ refunded?
@BAJJERFAN said:
Anyone who inadvertently purchased shipcover insurance for items not covered ever been successful at getting their $$$ refunded?
You'd think that eBay's system wouldn't allow the ShipCover insurance to come up when shipping an item from a category that doesn't qualify for the insurance. For all coins shipped, it should just automatically switch to the USPS insurance.
Not sure, how legally, eBay is able to get away with knowingly offering an insurance service for an item that the insurance does not cover. It would be like Home Depot offering a protection package for an appliance at the register, but knowing that the protection package doesn't cover the appliance being purchased. How is that legal?
Update: I just checked the claim online, and the status is "Paid"! I haven't seen the money yet... I assume they'll send a check. Almost too good to be true, to have the claim settled in two days.
@BAJJERFAN said:
Anyone who inadvertently purchased shipcover insurance for items not covered ever been successful at getting their $$$ refunded?
You'd think that eBay's system wouldn't allow the ShipCover insurance to come up when shipping an item from a category that doesn't qualify for the insurance. For all coins shipped, it should just automatically switch to the USPS insurance.
Not sure, how legally, eBay is able to get away with knowingly offering an insurance service for an item that the insurance does not cover. It would be like Home Depot offering a protection package for an appliance at the register, but knowing that the protection package doesn't cover the appliance being purchased. How is that legal?
Anyone who knows how to cut through the eBay crap/red tape should ask them.
@LRCTom said:
Update: I just checked the claim online, and the status is "Paid"! I haven't seen the money yet... I assume they'll send a check. Almost too good to be true, to have the claim settled in two days.
Hopefully they paid out the actual claim. I have seen people post in the past that they initially pay out the $15 claim limit on currency/bullion and you will have to move up the chain to get the actual pay out. Save the link posted to the USPS policy for your reference.
This is an issue that has cropped up multiple, multiple times on the forum. The problem is the interpretation of 'coins'.
Coins... (as in spending cash) is NOT insurable at USPS.
Coins... (as in collectible) IS insurable at USPS.\
Another part of the problem is when attempting to collect the insurance. If you get ahold of an inexperience USPS individual, they do not understand their own regs and will say insurance does not apply. Even happens with more experienced ones. You have to show them the appropriate reg before they will understand. I have no doubt many individuals have lost eligible claims due to this misunderstanding.
The KEY to avoid this... when you submit the claim, do not call it a 'coin'. It is a valuable collectible, which is insurable. And... as others have mentioned... do NOT use Shipcover.
@amwldcoin said:
Here's another tip for those buying insurance. After $50/$100 the insurance cost is $100 increments....IE you should have insured it for $200 as the cost would be the same!
@LRCTom said:
Amwldcoin was right. Here is the email that was sent when I bought my postage and insurance through e-mail. It shows proof that I did buy insurance. I guess I never looked carefully at these emails before...
Hi lrc-tom,
Thanks for creating and printing your U.S. Postal Service shipping label for the item or items listed below.
Here's your tracking number and shipment details:
Tracking number: **** (redacted to preserve my buyer's privacy)
Shipping service: USPS First Class Package
Total label cost: $5.96
USPS Insurance: $3.35
Insured amount: $160.00
USPS will only pay out what the cost of the item was though, so it would be pointless to insure it for more than that.
@LRCTom said:
Update: I just checked the claim online, and the status is "Paid"! I haven't seen the money yet... I assume they'll send a check. Almost too good to be true, to have the claim settled in two days.
Excellent! Very glad to hear that for you!
Now, I wonder if @Iwog will come back to this thread and acknowledge he jumped to conclusions and was wrong and giving wrong, argumentative, "advice".....?
@amwldcoin said:
Here's another tip for those buying insurance. After $50/$100 the insurance cost is $100 increments....IE you should have insured it for $200 as the cost would be the same!
@LRCTom said:
Amwldcoin was right. Here is the email that was sent when I bought my postage and insurance through e-mail. It shows proof that I did buy insurance. I guess I never looked carefully at these emails before...
Hi lrc-tom,
Thanks for creating and printing your U.S. Postal Service shipping label for the item or items listed below.
Here's your tracking number and shipment details:
Tracking number: **** (redacted to preserve my buyer's privacy)
Shipping service: USPS First Class Package
Total label cost: $5.96
USPS Insurance: $3.35
Insured amount: $160.00
USPS will only pay out what the cost of the item was though, so it would be pointless to insure it for more than that.
I found out that now, when making a claim, you don't go to the post office. I did that (armed with a copy of my listing and invoice, and also an example of how I pack and seal my packages), and they referred me to their online site. Apparently they have a claims office that handles all of these now.
Now, I wonder if @Iwog will come back to this thread and acknowledge he jumped to conclusions and was wrong and giving wrong, argumentative, "advice".....?
Yup, but where would this forum be without wrong, argumentative advice?
I'm an old timer and things must have changed at the USPS. Back in the day we wouldn't have ever trusted USPS insurance for coins but I'm very glad he's covered.
"...reality has a well-known liberal bias." -- Stephen Colbert
@amwldcoin said:
Here's another tip for those buying insurance. After $50/$100 the insurance cost is $100 increments....IE you should have insured it for $200 as the cost would be the same!
@LRCTom said:
Amwldcoin was right. Here is the email that was sent when I bought my postage and insurance through e-mail. It shows proof that I did buy insurance. I guess I never looked carefully at these emails before...
Hi lrc-tom,
Thanks for creating and printing your U.S. Postal Service shipping label for the item or items listed below.
Here's your tracking number and shipment details:
Tracking number: **** (redacted to preserve my buyer's privacy)
Shipping service: USPS First Class Package
Total label cost: $5.96
USPS Insurance: $3.35
Insured amount: $160.00
USPS will only pay out what the cost of the item was though, so it would be pointless to insure it for more than that.
If you buy $200 worth of ins and the item is worth $175, then $175 is what you get. Insurance is sold in increments so you normally opt for the smallest increment amount that will cover your loss.
Now, I wonder if @Iwog will come back to this thread and acknowledge he jumped to conclusions and was wrong and giving wrong, argumentative, "advice".....?
Yup, but where would this forum be without wrong, argumentative advice?
I'm an old timer and things must have changed at the USPS. Back in the day we wouldn't have ever trusted USPS insurance for coins but I'm very glad he's covered.
For as long as I have been on the forums, I have seen posts of people winning claims with USPS insurance.
There are some that have lost, for various reasons, but at the end of the day, they have ALWAYS been insured as collectibles and plenty of people HAVE/DID TRUST(ed) USPS insurance.
@amwldcoin said:
Here's another tip for those buying insurance. After $50/$100 the insurance cost is $100 increments....IE you should have insured it for $200 as the cost would be the same!
@LRCTom said:
Amwldcoin was right. Here is the email that was sent when I bought my postage and insurance through e-mail. It shows proof that I did buy insurance. I guess I never looked carefully at these emails before...
Hi lrc-tom,
Thanks for creating and printing your U.S. Postal Service shipping label for the item or items listed below.
Here's your tracking number and shipment details:
Tracking number: **** (redacted to preserve my buyer's privacy)
Shipping service: USPS First Class Package
Total label cost: $5.96
USPS Insurance: $3.35
Insured amount: $160.00
USPS will only pay out what the cost of the item was though, so it would be pointless to insure it for more than that.
If you buy $200 worth of ins and the item is worth $175, then $175 is what you get. Insurance is sold in increments so you normally opt for the smallest increment amount that will cover your loss.
Glad to hear all turned out well. I knew it would.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Any way you slice this, it's an informative thread. I have sent through shipcover once or twice without knowing I was not covered. Now, I simply have private insurance.
@amwldcoin said:
Here's another tip for those buying insurance. After $50/$100 the insurance cost is $100 increments....IE you should have insured it for $200 as the cost would be the same!
@LRCTom said:
Amwldcoin was right. Here is the email that was sent when I bought my postage and insurance through e-mail. It shows proof that I did buy insurance. I guess I never looked carefully at these emails before...
Hi lrc-tom,
Thanks for creating and printing your U.S. Postal Service shipping label for the item or items listed below.
Here's your tracking number and shipment details:
Tracking number: **** (redacted to preserve my buyer's privacy)
Shipping service: USPS First Class Package
Total label cost: $5.96
USPS Insurance: $3.35
Insured amount: $160.00
USPS will only pay out what the cost of the item was though, so it would be pointless to insure it for more than that.
If you buy $200 worth of ins and the item is worth $175, then $175 is what you get. Insurance is sold in increments so you normally opt for the smallest increment amount that will cover your loss.
I understand/understood your point perfectly. You don't buy $145.97 worth of insurance; you buy the increment from $100.01 to $200. If the item is worth $105, only a dolt would insure the $5.The wise shipper buys $100 worth and eats the $5 if it becomes necessary.
@LRCTom said:
Update: two days after I filed the claim, it showed up on the USPS website as PAID. A couple days later, the check for the refund amount appeared in my PO Box. Kudos to USPS for quick and efficient handling of this claim.
...Tom
Excellent! Glad it hear it was, relatively, painless.
Comments
Okay I stand corrected. I didn't see his follow up post.
Then go to the mat with the USPS. I wish you luck.
If the question is truly sincere, I would classify any precious metal coin struck by the Mint over the past 20 years as bullion, not a numismatic collectible. If you have a 1916-D dime, for example, or a MS66RD 1905 Indian Cent, that is obviously a numismatic item.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
I'm sorry but that's not an answer. Bullion cannot have a collector premium, otherwise it defies every definition of bullion. The mint does state that some of its modern issues are bullion coins, however this again is totally arbitrary and the coins immediately gain a collector's premium if dictated by supply and demand.
Anyway again it's a grey area that the post office will always exploit to its own benefit so I would avoid this insurance at all costs.
It is an accurate answer to the question at hand but you are not willing to accept the explanation. I understand that, but if nothing else, at least a couple of your previous misconceptions have been clarified here tonight. Happy collecting.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
It's not an accurate answer!!!!! By your own admission, it's just what YOU think!
No if. You are wrong. Repeatedly. And, you try to change your stance from USPS insurance to shipcover when your error is shown.
Nothing wrong with being wrong. Something is wrong when you are shown, repeatedly that you ARE wrong, and where, and you keep trying to defend your wrong position.
There are MANY members that have had to deal with USPS insurance for COVERED COLLECTIBLE COINS. Doesn't have to be slabbed. Just not the "I sent $25 in dimes, worth $25 and want my $25 covered" bit. Sending a collectible is covered, has been covered, and, for the foreseeable future, will be covered by the USPS.
When ebay started with their "shipcover", members here noticed immediately that coins were not covered and advised against using it. You likely weren't around the boards then. However, just because you weren't and you are having to deal with issues arising from using it now, doesn't mean that other people aren't covered by using USPS and doing things the right way when it comes to dealing with ebay and ignoring shipcover.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Good luck, Tom, and the information you have been given has been my understanding as well. The tracking # has all the information that the USPS will need. It will tell how much was paid (in case you had stated NOT to show the amount wen printed out), as well as any insurance purchased.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Tom, please post back when you get some kind of resolution. I'd be interested to see if the USPS makes good.
just gonna shake my head on a certain thread of responses in this thread...
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
OP will probably need to be persistent with the claim... I had to be. Keep sending them receipts showing how much the item cost, etc. Print off and mail in the link on their page that shows they cover numismatic items. Appeal their decision if they deny you.
enter your tracking number at the usps.com site. It should tell you if you purchased usps insurance with your postage. It will not show the coverage amount.
Shipcover does not pay insurance on coins even if you purchased insurance.
Usps insurance with pay out on coins and up to $15 on bullion but only usps registered will pay the full market value of bullion. What usps classifies as bullion remains to be seen.
Just because you were able to purchase insurance does not mean you are insured if their policy/terms state it is not covered. When you purchase usps insurance they do not know what you are insuring. It is up to you to know if it is covered.
When purchasing insurance through ebay be sure you choose usps and not shipcover if you want your coins to be insured.
To file a claim that involves damaged/missing goods that were delivered, I believe the buyer will have to get involved with the claim.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Amwldcoin was right. Here is the email that was sent when I bought my postage and insurance through e-mail. It shows proof that I did buy insurance. I guess I never looked carefully at these emails before...
Hi lrc-tom,
Thanks for creating and printing your U.S. Postal Service shipping label for the item or items listed below.
Here's your tracking number and shipment details:
Tracking number: **** (redacted to preserve my buyer's privacy)
Shipping service: USPS First Class Package
Total label cost: $5.96
USPS Insurance: $3.35
Insured amount: $160.00
LRC Numismatics eBay listings:
http://stores.ebay.com/lrcnumismatics
As have I.
I've been sending coins through the mail since 1977.
I have dealt with quite a few damaged and/or "lost" shipments.
It may take a while, but you'll get your money if you have proper documentation/proof of value.
Had a few insurance claims with USPS through out the years for lost or damaged slabs... All were paid up by USPS. They needed proof of purchase..
Haven't read through everything, so sorry if I am reposting. USPS will absolutely pay out claims on numismatic coins, even if not shipped via registered mail.
"For stamps and coins of philatelic or numismatic value; the fair market value is determined by a recognized stamp or coin dealer or current coin and stamp collectors’ newsletters and trade papers. The date of the fair market value determination must be current and prior to the mailing date."
I have filed a few claims for items sent via non-registered mail (coins) and after a good deal of aggravation have always been paid.
.
Here's another tip for those buying insurance. After $50/$100 the insurance cost is $100 increments....IE you should have insured it for $200 as the cost would be the same!
Looks like he knew what he was talking about.
And in the first reply as well.
Yes,, you both were correct. My claim is now in the USPS system somewhere.
...Tom
LRC Numismatics eBay listings:
http://stores.ebay.com/lrcnumismatics
I appreciate your input, by the way. I'll post when/if the claim gets settled.
LRC Numismatics eBay listings:
http://stores.ebay.com/lrcnumismatics
Anyone who inadvertently purchased shipcover insurance for items not covered ever been successful at getting their $$$ refunded?
You'd think that eBay's system wouldn't allow the ShipCover insurance to come up when shipping an item from a category that doesn't qualify for the insurance. For all coins shipped, it should just automatically switch to the USPS insurance.
Not sure, how legally, eBay is able to get away with knowingly offering an insurance service for an item that the insurance does not cover. It would be like Home Depot offering a protection package for an appliance at the register, but knowing that the protection package doesn't cover the appliance being purchased. How is that legal?
Update: I just checked the claim online, and the status is "Paid"! I haven't seen the money yet... I assume they'll send a check. Almost too good to be true, to have the claim settled in two days.
LRC Numismatics eBay listings:
http://stores.ebay.com/lrcnumismatics
Anyone who knows how to cut through the eBay crap/red tape should ask them.
Reading this post reminds me of the Abbott and Costello baseball skit:
Who's on first....
What's on second...
I don't know is on third...
Hopefully they paid out the actual claim. I have seen people post in the past that they initially pay out the $15 claim limit on currency/bullion and you will have to move up the chain to get the actual pay out. Save the link posted to the USPS policy for your reference.
My Ebay Store
This is an issue that has cropped up multiple, multiple times on the forum. The problem is the interpretation of 'coins'.
Coins... (as in spending cash) is NOT insurable at USPS.
Coins... (as in collectible) IS insurable at USPS.\
Another part of the problem is when attempting to collect the insurance. If you get ahold of an inexperience USPS individual, they do not understand their own regs and will say insurance does not apply. Even happens with more experienced ones. You have to show them the appropriate reg before they will understand. I have no doubt many individuals have lost eligible claims due to this misunderstanding.
The KEY to avoid this... when you submit the claim, do not call it a 'coin'. It is a valuable collectible, which is insurable. And... as others have mentioned... do NOT use Shipcover.
USPS will only pay out what the cost of the item was though, so it would be pointless to insure it for more than that.
Excellent! Very glad to hear that for you!
Now, I wonder if @Iwog will come back to this thread and acknowledge he jumped to conclusions and was wrong and giving wrong, argumentative, "advice".....?
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I agree but why not have the coverage higher at no cost where the USPS will think they got a small win!
I found out that now, when making a claim, you don't go to the post office. I did that (armed with a copy of my listing and invoice, and also an example of how I pack and seal my packages), and they referred me to their online site. Apparently they have a claims office that handles all of these now.
LRC Numismatics eBay listings:
http://stores.ebay.com/lrcnumismatics
>
Yup, but where would this forum be without wrong, argumentative advice?
I'm an old timer and things must have changed at the USPS. Back in the day we wouldn't have ever trusted USPS insurance for coins but I'm very glad he's covered.
If you buy $200 worth of ins and the item is worth $175, then $175 is what you get. Insurance is sold in increments so you normally opt for the smallest increment amount that will cover your loss.
For as long as I have been on the forums, I have seen posts of people winning claims with USPS insurance.
There are some that have lost, for various reasons, but at the end of the day, they have ALWAYS been insured as collectibles and plenty of people HAVE/DID TRUST(ed) USPS insurance.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
You are missing my point! Insurance for coverage of $100.01 cost the same as $200.00!
Glad to hear all turned out well. I knew it would.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Any way you slice this, it's an informative thread. I have sent through shipcover once or twice without knowing I was not covered. Now, I simply have private insurance.
Tom
I understand/understood your point perfectly. You don't buy $145.97 worth of insurance; you buy the increment from $100.01 to $200. If the item is worth $105, only a dolt would insure the $5.The wise shipper buys $100 worth and eats the $5 if it becomes necessary.
ttt..updated.
LRC Numismatics eBay listings:
http://stores.ebay.com/lrcnumismatics
Excellent! Glad it hear it was, relatively, painless.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I only select USPS insurance if insuring something sold on eBay.
Only one USPS insurance claim made in last 20 years and they paid it.
If he selected ship cover that's where his problem is.