Re: [Error Coin Information Exchange] Re: Lost items
- Perhaps we should check with PCGS or NGC on the shipping matter. Its their business to ship and insure coins they sell to their customers. The answer and safest way to ship will probably be the route they take. I would'nt doubt if a new and expensive shipping cost chart was made by the post office to cover any losses. Keep us informed please.----- Original Message -----From: mrlindy2000Sent: Thursday, February 05, 2004 15:57Subject: [Error Coin Information Exchange] Re: Lost itemsI guess I should add that the 67.00 USPS delivery charge for the 28lb tripod was 3rd class compared to FEDEX ground at
$18.71. We coin collectors really need to find out if the the post office is really no longer paying claims for lost and damaged coin
goodies. USPS should be upfront and list these coin exclusions if they are TRUE. If I can no longer insure coins and then
assume/expect their insurance to cover problems then I guess I need to just offer delivery confirmation(to satisfy paypal requirements)
and stop supporting the FAR higher USPS insurance fees. Maybe one of the coin magazines can to the bottom of this issue? These
rumors of denied coverage for lost/damaged coin items would make a great article if its really USPS policy in 2004. Lindy
"Mike Diamond" <mdia1@a...> wrote:
> In these two instances I'm quite sure everything is on the up and
> up. One coin was sent from a friend as a gift, and the other from an
> honest dealer that I've known for years. It's possible that they
> printed my address wrong on the labels, or the USPS simply dropped it
> into their black hole.
> Over the last six years, I think I've only had four coins disappear
> on their way to me. No coins I've sent have disappeared. That's
> still a pretty good record. I still like the post office, but if
> their insurance is a sham and if other services to it better and
> cheaper, I will consider switching.
> --- In firstname.lastname@example.org, "mrlindy2000"
> <adkinstone@e...> wrote:
> > Bummer! I actually pressure sellers insure everything, especially
> since I am paying the upcharge.. I tend to think the extra $1.30
> > charge is an official confirmation the item was really sent to me.
> If you paypaled these sellers you could contest the charge, but you
> > need to do this in 30 days. Not 31or 32. In any case you should
> consider filing a complaint with both ebay and paypal. If there is a
> > recorded history of this they will eventually ban the seller. As a
> seller I insure everything, even when I misquote the fees in my ads.
> > Concerning the uninsureability of coins through the post office,
> it would be really nice to know what the real story for 2004 is? Are
> > numismatic items covered or not in 2004? I am sending ALL my
> heavier items throgh Fed Ex ground now. Its shocking how much less
> > FEDEX ground is. Most recent example: 28 pound tripod sent 1/2 way
> across the US and insured for $175, post office fee $67.00, Fed
> > Ex ground fee $18.71. A fraction of the delivery charge and up to
> the minute tracking too.
- I just went on the U.S. Mint website (www.usmint.gov) and looked over
their instructions to customers who wish to return their items.
Here's what it says"
"For your protection, we strongly recommend that you return your
order by insured mail and save the receipt for your records. The U.S.
Mint is not responsible for lost return shipments."
So evidently the U.S. Mint itself is under the impression (correct?)
that the post office will insure coins. If that is the case, there
must be some unstated exception to the rule that the USPS doesn't
--- In email@example.com, "Jerry"
> Perhaps we should check with PCGS or NGC on the shipping matter.Its their business to ship and insure coins they sell to their
customers. The answer and safest way to ship will probably be the
route they take. I would'nt doubt if a new and expensive shipping
cost chart was made by the post office to cover any losses. Keep us
Don't know about this years rules, but last year they lost a Certified/Insured package to me. That's when I learned that insurance isn't quite the same when it's purchased from the US Postal Serice.
Their tracking system stinks. All it ever said is that it departed the sending post office. They take forever to decide that the item is lost and not likely to arrive at the incoming Post Office. They lost the item, it was insured, they cut a check for the insurance amount, right? Wrong?
You now need to prove the value of the item was at least equal to the amount it was insured for. Ever try to explain the value of a cent struck on a dime planchet to a postal employee?
I've heard that Fed Ex doesn't lose stuff, wonder what the USPS statistics are for lost mail.
I was just telling Mike the other day that it is EXTREMELY rare for
the post office to lose items. They have lost 2 items out of 6000+
shipments I have made in the last 3-4 years. One of them was a Greek
gold coin I sold for $125. Of course, I needed to show proof of
insurance (my insured receipt). You also have to fill out an
insurance claim form. There is also a section on this form that is
to be completed by the addressee. In that section, they have to state
how much they paid for the item. However, I also had to produce some
sort of proof of what I was paid. A photocopy of my receipt book
sufficed without a problem. It took 75 days for them to pay my claim
and of course I lost the customer because he was not going to be paid
until I was paid.
If your claim is on the up and up on both ends, I see no problem with
buying a $2 receipt book to produce that proof. Please note, they
will not refund the postage on the claim. Very ironic, since they
charged you for a service that was not provided.
I hope this helps y'all!
--- In firstname.lastname@example.org, "mrlindy2000"
> SO, Did the post office pay your claim after you proved its value?I heard(rumor) that ebay price realized is not usale as an estimate
> for value and you cannot use it as proof of value. As far as themint insuring coins it sells, don't they use registered mail only?
>insurance isn't quite the same
> TheOcean1@a... wrote:
> > Don't know about this years rules, but last year they lost a
> > Certified/Insured package to me. That's when I learned that
> > when it's purchased from the US Postal Serice.departed the
> > Their tracking system stinks. All it ever said is that it
> > sending post office. They take forever to decide that the item islost and not
> > likely to arrive at the incoming Post Office. They lost the item,it was insured,
> > they cut a check for the insurance amount, right? Wrong?to
> > You now need to prove the value of the item was at least equal
> > it was insured for. Ever try to explain the value of a centstruck
on a dime
> > planchet to a postal employee?statistics
> > I've heard that Fed Ex doesn't lose stuff, wonder what the USPS
> > are for lost mail.
> > Ocean
- Actually, Lindy, it's a long story.
It was complicated by a story told to me by our city's post master, about a package he had lost. It was only insured for $150, yet he collected it's value of $700 from insurance.
Your observation about e-bay sales prices not being acceptable, was the point in my mentioning this experience. Kinda hard to prove the value of something you've never seen, if the price you paid won't suffice.
And where you can easily sue FedEx, for your actual damages, the USPS is immune. They hold all the cards.
Fully agree, I wouldn't have even tried to collect full value, instead of the amount it was insured for, were it not for the post master volunteering his experience. So I gave it a try.
But if the airline loses your bag, and it was insured for $200, they wouldn't ask you to prove it was worth that. And if you only insured it for $200, but lost your $1000 lap top in it, you might sue for a higher amount than the amount insured. And in many cases you'd win, because those are the actual damages caused by their negligence.
Might have done a poor job explaining, but I see a clear difference in the rules USPS operate under, when compared to non-governmental industry.