Shipping Question
CoinsAreNeat
Posts: 628
What is the best (coin can not be stolen in transit) way to ship a $5000 coin in the mail that is also the cheapest...Please let me know the best way and about what it will cost me. Thanks for the help.
If you register it do you have to insure it also?
If you register it do you have to insure it also?
0
Comments
Seriously, not sure there is any other method to consider besides registered mail...
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>If you register it do you have to insure it also? >>
I don't think you have to, but for a $5,000 coin wouldn't you want to?
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<< <i>If you register it do you have to insure it also? >>
Registered fees!
"I want to ship this registered first class with insurance"
Be sure they give you the little slip and it's stamped and has the right insurance amount.
<< <i>If you use registered mail, insurance for the declared value is included in the fee. >>
i don`t think so. insurance is extra. registered and insured for 5k is about $23.
<< <i>
<< <i>If you use registered mail, insurance for the declared value is included in the fee. >>
i don`t think so. insurance is extra. registered and insured for 5k is about $23. >>
2.3 Fees and Liability
2.3.1 Full Value
Regardless of any insurance that may cover the article, the mailer must always declare its full value to the USPS when presenting it for registration and mailing (see chart below). The mailer must tell the USPS clerk (or enter on the firm sheet if a firm mailer) the full value of mail matter presented for registration. Private insurance carried on Registered Mail does not modify the requirements for declaring the full value. The accepting USPS employee may ask the mailer to show that the full value of the matter presented is declared, and may refuse to accept the matter as Registered Mail if a satisfactory declaration of value is not provided. Only articles of no value may be mailed as Registered Mail without insurance.
mail matter
value to be declared
Negotiable Instrument (instruments payable to bearer, including stock certificates endorsed in blank)
Market value (value based on value at time of mailing)
Nonnegotiable Instrument [registered bonds, warehouse receipts, checks, drafts, deeds, wills, abstracts, and similar documents (certificates of stock considered nonnegotiable so far as declaration of value is concerned unless endorsed in blank)]
No value or replacement cost if postal insurance coverage desired1
Money
Full value
Jewelry, Gems, Precious Metal
Market value or cost
Merchandise
Market value or cost
Nonvaluable (matter without intrinsic value such as letters, files, records)
No value or replacement cost if postal insurance coverage desired
<< <i>i don`t think so. insurance is extra. registered and insured for 5k is about $23. >>
Insurance used to be extra, but not anymore. You have to declare a value, and the postage fee includes insurance for that value.
<< <i>
<< <i>i don`t think so. insurance is extra. registered and insured for 5k is about $23. >>
Insurance used to be extra, but not anymore. You have to declare a value, and the postage fee includes insurance for that value. >>
Insurance is extra. Registered is a certain fee and then additional cost is based on the insurance amount. I will cost quite a bit more to send a 5K insured registered package than a non insured registered package. Look at usps.com and you will see when you calculate it out.
The reason it seems confusing is on that slip they give you when you send it registered first class with insurance it will say:
Domestic insurance up to $25,000 is included in the fee.
But that does not mean it's free it just means based on the value up to 25K they adjust the reg fee so you only see 2 fees listed (reg and postage) if it's under 25k.
Most recent one I sent was insured for $3600 and they charged $16.90 reg fee plus $3.21 postage. So yours should be just over $20.
Best to use a small box covered in brown packing tape.
Also if you are sending an item you got paid for by paypal you might need to also get the restricted delivery with signature or whatever paypal likes. (they need to be able to see the sig)
<< <i>
<< <i>i don`t think so. insurance is extra. registered and insured for 5k is about $23. >>
Insurance used to be extra, but not anymore. You have to declare a value, and the postage fee includes insurance for that value. >>
Not true, I just shipped a registered item and the insurance is extra above $100 or some arbitrarily low value like that. I think I paid $13 in registered fees for an $800 coin. Registered fee is less than $10 with no extra insurance.
If you ship any other method insurance for 5K is through the roof.
<< <i>Not true... >>
You used to be able to send coins by registered mail without paying for insurance by choosing "without insurance" on the registration form. Now, you can't mail coins by registered mail without insurance (even if you want to), and the value of the package will determine the postage fee you will pay. In that sense, it is true that insurance used to be extra, but not anymore.
<< <i>
<< <i>i don`t think so. insurance is extra. registered and insured for 5k is about $23. >>
Insurance used to be extra, but not anymore. You have to declare a value, and the postage fee includes insurance for that value. >>
take my word for it.... insurance is not free.
go to your PO and tell them you want to send registered(the safest way) and tell them you want it insured for 5k then ask if its free.
then see what it cost(with the 5k insurance included). if i`m wrong the clerks at my PO have a nice scam going.
<< <i>take my word for it.... insurance is not free. >>
I didn't say it was free. I said it's included in the postage fee you pay. It is not a separate itemized charge.
certainly there is a higher cost to register more valuable items.
$10.00 for a declared value of $0
$18,012.10 for a declared value of $15 million