Sorry to hear that - but I have sent and received probably close to a thousand Registered Mail packages since the mid-1970s to just last month and never had a problem. Sure, they can be rather slow at times - I once had a package take 17 days to get from New York to Oklahoma but they have always arrived safe and sound. So, yes, I DO count on it.
Wow! That facility is near my home! As a matter of fact, I dropped my 1997 toned Eagle off there to be shipped to PCGS! Luckily she made it back home safely. How unfortunate for the person. Sounds like an inside job? I sure hope I'm wrong.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
Sorry to hear that - but I have sent and received probably close to a thousand Registered Mail packages since the mid-1970s to just last month and never had a problem. Sure, they can be rather slow at times - I once had a package take 17 days to get from New York to Oklahoma but they have always arrived safe and sound. So, yes, I DO count on it.
I've lost two and I've sent nowhere close to a thousand.
Great transactions with oih82w8, JasonGaming, Moose1913.
I am going to resubmit 'Bag Burn' for TrueView and Shield/Reconsideration. Obviously . . . . .if it turned up missing it would be more recognizable than a 1974 Aluminum Cent . . . but it is simple -- Insure it for the moon. If it gets lost/stolen, it saves me the hassle of someday selling it. I'll happily take the USPS check to the bank.
Theft is rotten . . .and our favorite coins are hard (impossible) to replace . . . but I fail to see the problem if you go Registered.
Why would registered be the only way to go? For bullion, it is. What is wrong with using Priority Mail and paying for proper insurance if it is not bullion, but numismatic coins?
By registered mail, I am sure there is insurance to pay for too, right?
"So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve
@DeutscherGeist said:
Why would registered be the only way to go? For bullion, it is. What is wrong with using Priority Mail and paying for proper insurance if it is not bullion, but numismatic coins?
By registered mail, I am sure there is insurance to pay for too, right?
I’d imagine insurance might be what tips someone off in the post office.
“I need to insure this little package for (a lot of money)”
Somebody sees the cost on the package and voila... Easy pickins.
So if items are insured under Priority Mail and its non-bullion, it may be a target for theft, but that is why one has insurance. Where is the problem? Is it that difficult to get a claim paid out from USPS? Perhaps they make you go through hoops in trying to prove value of the item and not go off of the amount insured?
"So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve
I heard the same thing. It would be cheaper and by the sound of it, better insurance. One can ask the counter person at the post office to be sure.
"So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve
@daltex said:
I haven't done the math, but I think people have posted that if you need more than $700 insurance it is cheaper to ship registered.
$750-850 last time I checked. In that range use the online label creator at usps.com to compare costs and then weight the benefits of both. Just sent one, $2,000 first class registered insured cost $25.25. A recent $1500 one cost $25. Registered startd at about $20. Two classes of registered: First class registered (under 13 ozs.) and priority registered (13 oz. and over). Always specify first class (priority adds a couple of dollars to the cost) when under the weight limit, priority goes just as slow as first class when sending registered. It's strictly a weight thing and not a quicker thing.
The only drawbacks to registered are the special packaging requirements, the trip to the post office counter, and the 5-14 day delivery time. "Slower but much more secure" is what I tell my customers.
No Way Out: Stimulus and Money Printing Are the Only Path Left
@DeutscherGeist said:
Why would registered be the only way to go? For bullion, it is. What is wrong with using Priority Mail and paying for proper insurance if it is not bullion, but numismatic coins?
By registered mail, I am sure there is insurance to pay for too, right?
I’d imagine insurance might be what tips someone off in the post office.
“I need to insure this little package for (a lot of money)”
Somebody sees the cost on the package and voila... Easy pickins.
On-line labels (at least from paypal) give one the option of showing shipping cost on the label. With registered, which must be purchased at a USPS counter, there is a signature chain of custody which means USPS knows who the last person was that handled the package. They also are kept in safes when not in transit. Postal employees know that losing a registered package in their custody will result in serious consequences.
Insurance is included in cost of registered. One declares content value (insured value) on the accompanying PS Form 3806, Registered Mail Receipt when submitted for mailing. Over valuing item will only cost you extra shipping. Claims paid out will not exceed proven value. At $750-$850 insurance value it actually becomes cheaper to send registered.
Bullion coins can also be considered numismatic coins by the sender (i.e MS70 American Gold Eagle). It is not clear what USPS's definition is for bullion. When in doubt send registered because if they determine the item to be bullion they will only pay a max of $15 for claims that were not sent registered regardless of how much insurance was purchased.
No Way Out: Stimulus and Money Printing Are the Only Path Left
@amwldcoin said:
The other reason for registered is the max insurance on 1st class is $5,000 and with registered it's $50,000.
I though insurance for registered mail only goes up to $25000.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@DeutscherGeist said:
Why would registered be the only way to go? For bullion, it is. What is wrong with using Priority Mail and paying for proper insurance if it is not bullion, but numismatic coins?
By registered mail, I am sure there is insurance to pay for too, right?
I’d imagine insurance might be what tips someone off in the post office.
“I need to insure this little package for (a lot of money)”
Somebody sees the cost on the package and voila... Easy pickins.
On-line labels (at least from paypal) give one the option of showing shipping cost on the label. With registered, which must be purchased at a USPS counter, there is a signature chain of custody which means USPS knows who the last person was that handled the package. They also are kept in safes when not in transit. Postal employees know that losing a registered package in their custody will result in serious consequences.
Insurance is included in cost of registered. One declares content value (insured value) on the accompanying PS Form 3806, Registered Mail Receipt when submitted for mailing. Over valuing item will only cost you extra shipping. Claims paid out will not exceed proven value. At $750-$850 insurance value it actually becomes cheaper to send registered.
Bullion coins can also be considered numismatic coins by the sender (i.e MS70 American Gold Eagle). It is not clear what USPS's definition is for bullion. When in doubt send registered because if they determine the item to be bullion they will only pay a max of $15 for claims that were not sent registered regardless of how much insurance was purchased.
Thank you. Good info.
Some folks don’t do that. I’ve gotten packages that show $25 when I receive them and metal clinking around inside 🤦🏼♂️. It’s an easy target for someone with I’ll intentions.
@DeutscherGeist said:
Why would registered be the only way to go? For bullion, it is. What is wrong with using Priority Mail and paying for proper insurance if it is not bullion, but numismatic coins?
By registered mail, I am sure there is insurance to pay for too, right?
I’d imagine insurance might be what tips someone off in the post office.
“I need to insure this little package for (a lot of money)”
Somebody sees the cost on the package and voila... Easy pickins.
On-line labels (at least from paypal) give one the option of showing shipping cost on the label. With registered, which must be purchased at a USPS counter, there is a signature chain of custody which means USPS knows who the last person was that handled the package. They also are kept in safes when not in transit. Postal employees know that losing a registered package in their custody will result in serious consequences.
Insurance is included in cost of registered. One declares content value (insured value) on the accompanying PS Form 3806, Registered Mail Receipt when submitted for mailing. Over valuing item will only cost you extra shipping. Claims paid out will not exceed proven value. At $750-$850 insurance value it actually becomes cheaper to send registered.
Bullion coins can also be considered numismatic coins by the sender (i.e MS70 American Gold Eagle). It is not clear what USPS's definition is for bullion. When in doubt send registered because if they determine the item to be bullion they will only pay a max of $15 for claims that were not sent registered regardless of how much insurance was purchased.
Thank you. Good info.
Some folks don’t do that. I’ve gotten packages that show $25 when I receive them and metal clinking around inside 🤦🏼♂️. It’s an easy target for someone with I’ll intentions.
Unfortunately, even though you can hide postage costs on self generated USPS labels you cannot hide "INSURED" or "SIGNATURE REQUIRED." This is a trigger for many inside jobs at USPS.
While I believe there is one way to generate a Registered label at the USPS website (item still has to be personally delivered to postal employee at the counter) when I looked at it I remember finding a reason that it did not offer the full insurance protection offered by manually addressing the package. Since both require a visit to the counter I never use an online label for registered.
All USPS employees know that registered packages are normally high value items, but because of the chain of custody they are very reluctant to steal them. It's this chain of custody that takes them longer to get where they are going. Sometimes they even get put in a safe for temporary keeping and are forgotten (especially in small PO branches where the safe isn't opened every day) until the sender makes an inquiry after viewing tracking history.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Also, when sending registered make sure your copy of the accompanying PS Form 3806 gets stamped with a postmark by counter clerk. According to USPS claim procedures it is necessary to have when filing a claim. I will add that over 20 years of sending over a thousand registered packages, I have never lost one, nor had to file a claim. Knock on wood.
And the long delivery time worked in my favor twice. While in transit I was informed on two occasions by paypal that the payment for the gold coins was fraudulent. I was able to contact USPS via telephone and arrange for them to be intercepted in transit (for a fee) by USPS and returned to me.
No Way Out: Stimulus and Money Printing Are the Only Path Left
While I believe that is the maximum they will pay out...you can purchase up to $50,000. I believe it probably has something to do with having to state the value. I wonder if you did ship something that was worth 50K and only purchased 25K worth of insurance if they could deny the claim if it was lost.
@amwldcoin said:
While I believe that is the maximum they will pay out...you can purchase up to $50,000. I believe it probably has something to do with having to state the value. I wonder if you did ship something that was worth 50K and only purchased 25K worth of insurance if they could deny the claim if it was lost.
@amwldcoin said:
The other reason for registered is the max insurance on 1st class is $5,000 and with registered it's $50,000.
I though insurance for registered mail only goes up to $25000.
Up to $50k registered insurance available. If your documented value (at time of claim) is greater than the amount of insurance you bought (determined by value you declare on the Registered Form PS 3806) they will only reimburse you up to the amount you paid for (on the PS 3806). Some sellers keep their shipping costs down by insuring only the amount they have in the coin. By not insuring the profit they are still guaranteed no actual loss on the coin. While registered costs remain close to the same whether the coin is $1200 or $2200, other classes of mail such as priority see high price jumps as insurance increases. I normally self insure (no insurance) the profit portion on insured coins shipping first class or priority and declare full (sale) value on the registered PS Form 3806.
No Way Out: Stimulus and Money Printing Are the Only Path Left
By leaving one coin in the box, it makes the sender or the recipient look suspicious, thus widening the investigation. Also, we are talking about close to $80,000 worth of gold coins for the total package. Insurance covers only $50,000, I think. By keeping one $36,000 gold coin in the box, the potential claim would fall below $50,000 keeping the recipient's and sender's attention to focus on filing the claim. I think it's all about raising doubt and broadening suspicions so the investigation is spread out as much as possible to the point where it cannot be sustained. I wonder how many theft cases actually get resolved. People have bikes stolen from their homes, power tools taken from their property, their cars broken into, so I doubt many of these crimes even gets solved. I thought in this digital and surveillance age, it would be easy for investigators to track down criminal activity, but how many human hours are going to be spent for a $10,000 case? A $50,000 case may get some attention, but probably not all the hours it needs.
"So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve
Maybe a portable gold detector ... is that possible?
Well, there is a sygma device, but I am not sure how accurate they get when have to detect through multiple barriers such as box material and packing peanuts.
"So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve
Maybe a portable gold detector ... is that possible?
I can just see a postal employee bringing a metal detector to work to scan registered packages.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@Jimnight ....Yes... A 'pinpointer' would work...would not tell you what was in the package, but would tell you it was metal. They are used to narrow down the search after the full size MD has located something...Hand held and around a foot long, depending on the type. Cheers, RickO
I'm not privy to that information...but it would about have to be an employee since it was registered and most likely removed from the safe after a failed delivery attempt.
The only reason I know it was a she is because I received a letter stating she was being released from jail and my name was involved in the prosecution.
@amwldcoin said:
I'm not privy to that information...but it would about have to be an employee since it was registered and most likely removed from the safe after a failed delivery attempt.
The only reason I know it was a she is because I received a letter stating she was being released from jail and my name was involved in the prosecution.
Comments
That's too bad,
What is it that tips off the crooks?
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
I imagine if it is addressed 'Numismatic Guarantee...' some would figure it out. I am sure there are other tells.
That's the million dollar question.
They'll tell us what we need to know. 🤐
Here are the two certified coins:
Central American Republic 1847-CR 1/2 Escudo NGC MS62 (cert # 2767802-004)
https://www.ngccoin.com/certlookup/2767802-004/62/
Peru 1854-Lima MB 2 Escudos NGC MS63 (cert # 3807875-007)
https://www.ngccoin.com/certlookup/3807875-007/63/
It's pretty cool that NGC puts " REPORTED STOLEN/MISSING " on the cert page.
Great transactions with oih82w8, JasonGaming, Moose1913.
Such a shame.... Looks like I will only ship registered mail for valuable packages. Cheers, RickO
_Looks like I will only ship registered mail for valuable packages. _
Yup, done that for 40 years - never had a problem.
Member ANA, SPMC, SCNA, FUN, CONECA
I have. Don't count on it.
Great transactions with oih82w8, JasonGaming, Moose1913.
I have. Don't count on it.
Sorry to hear that - but I have sent and received probably close to a thousand Registered Mail packages since the mid-1970s to just last month and never had a problem. Sure, they can be rather slow at times - I once had a package take 17 days to get from New York to Oklahoma but they have always arrived safe and sound. So, yes, I DO count on it.
Member ANA, SPMC, SCNA, FUN, CONECA
I had an expensive registered mail package stolen. Guess what! SHE GOT BUSTED!
Wow! That facility is near my home! As a matter of fact, I dropped my 1997 toned Eagle off there to be shipped to PCGS! Luckily she made it back home safely. How unfortunate for the person. Sounds like an inside job? I sure hope I'm wrong.
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.....> @2ndCharter said:
I've lost two and I've sent nowhere close to a thousand.
Great transactions with oih82w8, JasonGaming, Moose1913.
Registered. Remember the Hope Diamond story?
I am going to resubmit 'Bag Burn' for TrueView and Shield/Reconsideration. Obviously . . . . .if it turned up missing it would be more recognizable than a 1974 Aluminum Cent . . . but it is simple -- Insure it for the moon. If it gets lost/stolen, it saves me the hassle of someday selling it. I'll happily take the USPS check to the bank.
Theft is rotten . . .and our favorite coins are hard (impossible) to replace . . . but I fail to see the problem if you go Registered.
Drunner
OMG, another terrible news !!! 😥
OMG, another terrible news !!! 😥
Why would registered be the only way to go? For bullion, it is. What is wrong with using Priority Mail and paying for proper insurance if it is not bullion, but numismatic coins?
By registered mail, I am sure there is insurance to pay for too, right?
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
I’d imagine insurance might be what tips someone off in the post office.
“I need to insure this little package for (a lot of money)”
Somebody sees the cost on the package and voila... Easy pickins.
BHNC #248 … 140 and counting.
Pnies20,
So if items are insured under Priority Mail and its non-bullion, it may be a target for theft, but that is why one has insurance. Where is the problem? Is it that difficult to get a claim paid out from USPS? Perhaps they make you go through hoops in trying to prove value of the item and not go off of the amount insured?
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
I haven't done the math, but I think people have posted that if you need more than $700 insurance it is cheaper to ship registered.
Daltex,
I heard the same thing. It would be cheaper and by the sound of it, better insurance. One can ask the counter person at the post office to be sure.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
$750-850 last time I checked. In that range use the online label creator at usps.com to compare costs and then weight the benefits of both. Just sent one, $2,000 first class registered insured cost $25.25. A recent $1500 one cost $25. Registered startd at about $20. Two classes of registered: First class registered (under 13 ozs.) and priority registered (13 oz. and over). Always specify first class (priority adds a couple of dollars to the cost) when under the weight limit, priority goes just as slow as first class when sending registered. It's strictly a weight thing and not a quicker thing.
The only drawbacks to registered are the special packaging requirements, the trip to the post office counter, and the 5-14 day delivery time. "Slower but much more secure" is what I tell my customers.
No Way Out: Stimulus and Money Printing Are the Only Path Left
On-line labels (at least from paypal) give one the option of showing shipping cost on the label. With registered, which must be purchased at a USPS counter, there is a signature chain of custody which means USPS knows who the last person was that handled the package. They also are kept in safes when not in transit. Postal employees know that losing a registered package in their custody will result in serious consequences.
Insurance is included in cost of registered. One declares content value (insured value) on the accompanying PS Form 3806, Registered Mail Receipt when submitted for mailing. Over valuing item will only cost you extra shipping. Claims paid out will not exceed proven value. At $750-$850 insurance value it actually becomes cheaper to send registered.
Bullion coins can also be considered numismatic coins by the sender (i.e MS70 American Gold Eagle). It is not clear what USPS's definition is for bullion. When in doubt send registered because if they determine the item to be bullion they will only pay a max of $15 for claims that were not sent registered regardless of how much insurance was purchased.
No Way Out: Stimulus and Money Printing Are the Only Path Left
The other reason for registered is the max insurance on 1st class is $5,000 and with registered it's $50,000.
I though insurance for registered mail only goes up to $25000.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I actually prefer registered with signature conformation.
$750-$1000 insurance? Sounds like it would be cheaper to pay someone to fly the package and place it in the recipients hand.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
Thank you. Good info.
Some folks don’t do that. I’ve gotten packages that show $25 when I receive them and metal clinking around inside 🤦🏼♂️. It’s an easy target for someone with I’ll intentions.
BHNC #248 … 140 and counting.
Unfortunately, even though you can hide postage costs on self generated USPS labels you cannot hide "INSURED" or "SIGNATURE REQUIRED." This is a trigger for many inside jobs at USPS.
While I believe there is one way to generate a Registered label at the USPS website (item still has to be personally delivered to postal employee at the counter) when I looked at it I remember finding a reason that it did not offer the full insurance protection offered by manually addressing the package. Since both require a visit to the counter I never use an online label for registered.
All USPS employees know that registered packages are normally high value items, but because of the chain of custody they are very reluctant to steal them. It's this chain of custody that takes them longer to get where they are going. Sometimes they even get put in a safe for temporary keeping and are forgotten (especially in small PO branches where the safe isn't opened every day) until the sender makes an inquiry after viewing tracking history.
No Way Out: Stimulus and Money Printing Are the Only Path Left
A ...TWENTY OUNCE PHILHARMONIC...????
When did THOSE come out?
Also, when sending registered make sure your copy of the accompanying PS Form 3806 gets stamped with a postmark by counter clerk. According to USPS claim procedures it is necessary to have when filing a claim. I will add that over 20 years of sending over a thousand registered packages, I have never lost one, nor had to file a claim. Knock on wood.
And the long delivery time worked in my favor twice. While in transit I was informed on two occasions by paypal that the payment for the gold coins was fraudulent. I was able to contact USPS via telephone and arrange for them to be intercepted in transit (for a fee) by USPS and returned to me.
No Way Out: Stimulus and Money Printing Are the Only Path Left
While I believe that is the maximum they will pay out...you can purchase up to $50,000. I believe it probably has something to do with having to state the value. I wonder if you did ship something that was worth 50K and only purchased 25K worth of insurance if they could deny the claim if it was lost.
Thief left one gold coin?
Up to $50k registered insurance available. If your documented value (at time of claim) is greater than the amount of insurance you bought (determined by value you declare on the Registered Form PS 3806) they will only reimburse you up to the amount you paid for (on the PS 3806). Some sellers keep their shipping costs down by insuring only the amount they have in the coin. By not insuring the profit they are still guaranteed no actual loss on the coin. While registered costs remain close to the same whether the coin is $1200 or $2200, other classes of mail such as priority see high price jumps as insurance increases. I normally self insure (no insurance) the profit portion on insured coins shipping first class or priority and declare full (sale) value on the registered PS Form 3806.
No Way Out: Stimulus and Money Printing Are the Only Path Left
A thief with a heart?
BlueJayWay and Seattle Slammer,
By leaving one coin in the box, it makes the sender or the recipient look suspicious, thus widening the investigation. Also, we are talking about close to $80,000 worth of gold coins for the total package. Insurance covers only $50,000, I think. By keeping one $36,000 gold coin in the box, the potential claim would fall below $50,000 keeping the recipient's and sender's attention to focus on filing the claim. I think it's all about raising doubt and broadening suspicions so the investigation is spread out as much as possible to the point where it cannot be sustained. I wonder how many theft cases actually get resolved. People have bikes stolen from their homes, power tools taken from their property, their cars broken into, so I doubt many of these crimes even gets solved. I thought in this digital and surveillance age, it would be easy for investigators to track down criminal activity, but how many human hours are going to be spent for a $10,000 case? A $50,000 case may get some attention, but probably not all the hours it needs.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
What a freaking shame.
Maybe a portable gold detector ... is that possible?
USPS employee? or other.
A Barber Quartet is made up of Nickels, Dimes, Quarters, and Halves.
Well, there is a sygma device, but I am not sure how accurate they get when have to detect through multiple barriers such as box material and packing peanuts.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
I can just see a postal employee bringing a metal detector to work to scan registered packages.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Obviously it would only be a once or twice in a year thing ... with a very small but totally portable detector.
@ricko ... does such a detector exist?
@Jimnight ....Yes... A 'pinpointer' would work...would not tell you what was in the package, but would tell you it was metal. They are used to narrow down the search after the full size MD has located something...Hand held and around a foot long, depending on the type. Cheers, RickO
I'm not privy to that information...but it would about have to be an employee since it was registered and most likely removed from the safe after a failed delivery attempt.
The only reason I know it was a she is because I received a letter stating she was being released from jail and my name was involved in the prosecution.
Excellent.