Shipping Expensive Coins

keoj · December 30, 2011 2:38AM

Just a curiosity question.....if one has a very expensive coin or a collection, how does one ship them? By expensive, I mean over $100K. I know that businesses use Fedex and then self insure but what about collectors that don't have business insurance? Again, this doens't apply to me.

keoj

llafoe · December 30, 2011 2:40AM

I'm thinking round-trip ticket!

ricko · December 30, 2011 2:41AM

I agree... deliver personally. Well worth the expense - consider that insurance. Cheers, RickO

Lakesammman · December 30, 2011 2:56AM

Sometimes acting as a mule and delivering the coin personally is cheaper than the insurance.

Lakesammman · December 30, 2011 2:57AM

Man - you guys are fast!

messydesk · December 30, 2011 2:58AM

While buying a round-trip ticket keeps it out of the hands of other carriers, it still doesn't cover you if you're robbed in transit. If you have an insurance policy for your collection through a collectibles insurer like Hugh Wood, a quick call to your agent will reveal the preferred way of shipping something and having it covered. They may prefer a traditional shipper over hand-delivery.

mrearlygold · December 30, 2011 2:59AM

I email my insurance person ( Barb Wingo ) and buy a ryder. Easy peasy.

notwilight · December 30, 2011 3:00AM

Delivering yourself without insurance is not without risk.

The option I use is parcelpro.com. For shipments over $50,000 there are special rules. I've always just broken my shipments down to less than $50,000 each. If it is one coin and you can't split it, then you'll have to call them. They made their name in the jewelry business.

--Jerry

BAJJERFAN · December 30, 2011 3:32AM

If you are an infrequent shipper, just go registered mail with full declared value and be done with it. They will pretty much guarantee delivery.

IrishMikey · December 30, 2011 3:47AM

I will meet you at your bank and take it off your hands, quick & easy. End of worries.

ricko · December 30, 2011 4:39AM

I am not sure how many of you even step out of your house each day, with all the paranoia I see here. Everything has risks. For me, I would rather handle the deal myself than entrust such a package to a delivery system. Sure, if the plane crashes, bad news.. oh well. Other than that, I am prepared. Cheers, RickO

astrorat · December 30, 2011 4:43AM

To send a 2 pound package via Registered Mail with $25,000 insurance (their max) is about $60 or so. Thus, 4 Registered Mail packages with a total value of $100,000 is getting close to the cost of an airline ticket.

DAM · December 30, 2011 5:03AM

To send a 2 pound package via Registered Mail with $25,000 insurance (their max) is about $60 or so. Thus, 4 Registered Mail packages with a total value of $100,000 is getting close to the cost of an airline ticket.

Plus the cost of...

* Renting car, or cab fair.
* Lodging... unless you're going to drop and go.
* Your time. If you're going to drop and go, you'll have to be there when they're open. Otherwise you'll use vacation or other personal time. Unless you're self employed or own your own business, and can take off whenever you like.

Starts getting a little more expensive to be a mule, all considered.

WestySteve · December 30, 2011 5:08AM

I'd break them up into separate packages, each with their own insurance and their own tracking info. This would also help you avoid "putting all your eggs in one basket".

BAJJERFAN · December 30, 2011 6:59AM

<< <i>I email my insurance person ( Barb Wingo ) and buy a ryder. Easy peasy. >>

Ryder rents/leases trucks, right?

astrorat · December 30, 2011 7:06AM

<< <i>To send a 2 pound package via Registered Mail with $25,000 insurance (their max) is about $60 or so. Thus, 4 Registered Mail packages with a total value of $100,000 is getting close to the cost of an airline ticket.

Plus the cost of...

* Renting car, or cab fair.
* Lodging... unless you're going to drop and go.
* Your time. If you're going to drop and go, you'll have to be there when they're open. Otherwise you'll use vacation or other personal time. Unless you're self employed or own your own business, and can take off whenever you like.

Starts getting a little more expensive to be a mule, all considered. >>

Good points ... all very true.

BAJJERFAN · December 30, 2011 7:08AM

<< <i>I am not sure how many of you even step out of your house each day, with all the paranoia I see here. Everything has risks. For me, I would rather handle the deal myself than entrust such a package to a delivery system. Sure, if the plane crashes, bad news.. oh well. Other than that, I am prepared. Cheers, RickO >>

You gonna pack a piece on that trip?

You gonna carry on those coins?

You gonna tell the TSA in advance that yer gonna be showin up with over $100K in coins? Mite wanna have some proof that you own them.

Barry · December 30, 2011 8:05AM

<< <i>To send a 2 pound package via Registered Mail with $25,000 insurance (their max) is about $60 or so. Thus, 4 Registered Mail packages with a total value of $100,000 is getting close to the cost of an airline ticket. >>

But you don't get a 1/2 oz of peanuts at the post office.

Shipping Expensive Coins

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