Sending a coin to a buyer through the mail

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Walkerlover
Walkerlover Posts: 1,029 ✭✭✭✭
edited November 9, 2022 5:16PM in Q & A Forum

Would you send a $1500 coin USPS priority insured mail 1-2 days shipping, or only registered? Please advise

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  • PapiNE
    PapiNE Posts: 480 ✭✭✭✭
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    Registered

    USAF veteran 1984-2005

  • ifthevamzarockin
    ifthevamzarockin Posts: 8,915 ✭✭✭✭✭
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    Registered

  • MetroD
    MetroD Posts: 2,571 ✭✭✭✭✭
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    Registered

    Something else to consider - I do not know what you are shipping (i.e., numismatic vs. bullion). If it is bullion, be aware that the USPS limits their indemnity on bullion to $15 for all services, except for "Registered".

    Reference (Section 4.1.m)

  • PapiNE
    PapiNE Posts: 480 ✭✭✭✭
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    FYI....I tried to send a registered package this morning and was told it had to be sealed up with that brown reinforced tape.

    USAF veteran 1984-2005

  • ifthevamzarockin
    ifthevamzarockin Posts: 8,915 ✭✭✭✭✭
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    @PapiNE said:
    FYI....I tried to send a registered package this morning and was told it had to be sealed up with that brown reinforced tape.

    Yes, it has been that way for a long time and it needs to be a type of tape that will absorb the postmark ink. ;)

  • JWP
    JWP Posts: 37,471 ✭✭✭✭✭
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    Whatever carrier you send it by doesn't really matter. But you need to have a signature required and have it insured. Registered might be a little expensive but a loss of $1,500 would be more catastrophic. But, the choice is yours take a chance and save a few bucks, or spend a few bucks and rest better at night.

    USN & USAF retired 1971-1993
    Successful Transactions with more than 100 Members

  • ifthevamzarockin
    ifthevamzarockin Posts: 8,915 ✭✭✭✭✭
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    @JWP said:
    Whatever carrier you send it by doesn't really matter.

    Some carriers don't insure coins. ;)

  • MetroD
    MetroD Posts: 2,571 ✭✭✭✭✭
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    @ifthevamzarockin said:

    @JWP said:
    Whatever carrier you send it by doesn't really matter.

    Some carriers don't insure coins. ;)

    And others explicitly limit their liability via a maximum "declared value" clause in the terms.

    For example, 'FedEx Express' currently has a cap of $1,000 on the "declared value" for:
    ~ "precious metals" ("Declared Value" section; clause F9);
    ~ "collector's coins" ("Declared Value" section, clause F11).

    Reference (page #128)

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