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How Do You Insure A $2000 Coin? Canada Post Has $500 Limit.

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Author Previous TopicReplies: 20 / Views: 5,977Next Topic Page 2 of 2
Valued Member
Canada
319 Posts
 Posted 09/24/2013  5:12 pm  Show Profile   Bookmark this reply Add coin_games to your friends list
It should be covered under PayPal Sellers Protection if you have signature required and if there is a signature on the other end if you have any sort of dispute.

PayPal will only help if there is a signature... But not sure if they would actually cover the full amount if there were an issue...
Pillar of the Community
Canada
1461 Posts
 Posted 09/24/2013  5:33 pm  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list
I noticed that statement on the CPC site as well. In the past it was only included in the "registered mail" section. Looking at it today it seems now it's also included under the Expedited shipment methods. Most coin dealers (myself included) don't worry about it since most will use private insurance to cover off any shipping losses. It's also what many of the Canadian Bullion dealers do shipping larger shipments via Fedex for $20 bucks. Either way, if you're ordering a coin online, the burden of that delivery or a claim falls on the person shipping it to you. If they didn't insure it high enough, it would be their loss.
Edited by TheCoinHunter
09/24/2013 5:35 pm
Valued Member
Canada
109 Posts
 Posted 09/24/2013  6:06 pm  Show Profile   Bookmark this reply Add jw-collectibles to your friends list
Interesting..CanadaPost now insures coins up to $500?. The last time I checked they did not insure collectibles at all. Can you post a CP link MoneyPenny?
Pillar of the Community
Canada
541 Posts
 Posted 09/24/2013  6:40 pm  Show Profile   Bookmark this reply Add Cassidy77 to your friends list
there is no adequate coverage for valuables including costly coins over a few hundred dollars by Canada Post....eBay buyers are protected by Paypal but Sellers always ship at their own risk......Using registered mail to ship coins is also not allowed by CP. You have to ship by Express Post with an added signature required to give the best chance of delivery but even that is not insured past 200 I believe...Im not sure about FEDEX or similar carriers...ive never had mail loss with Canada Post tracked postage yet in over 14 years shipping ebay items....could be luck!
Valued Member
Canada
234 Posts
 Posted 09/24/2013  7:20 pm  Show Profile   Bookmark this reply Add ksimms3 to your friends list
ask a local dealer how they do it, might be helpful
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Canada
10463 Posts
 Posted 09/24/2013  7:30 pm  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list
Fed-Ex. If Sandy Campbell (Proof Positive Coins) uses it for shipping his coins, then you know not only is it insured, but it is reliable, considering the value of the coins he sends to PCGS. The Royal Canadian Mint also uses Fed-Ex to ship monster boxes of bullion to dealers across Canada.

Canada Post and USPS are really, really bad for cross-border shipments - registered mail is meaningless. See this older thread:

https://goccf.com/t/129487
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My eBay store
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Canada
2984 Posts
 Posted 09/24/2013  7:37 pm  Show Profile   Bookmark this reply Add MoneyPenney to your friends list

Quote:
Interesting..CanadaPost now insures coins up to $500?. The last time I checked they did not insure collectibles at all. Can you post a CP link MoneyPenny?


http://www.canadapost.ca/tools/pg/t...s_with-e.pdf

Page 12 - Limitation of Liability.
Edited by MoneyPenney
09/24/2013 7:40 pm
Pillar of the Community
Canada
1461 Posts
 Posted 09/24/2013  8:33 pm  Show Profile   Bookmark this reply Add TheCoinHunter to your friends list
Cassidy77....You are allowed to ship valuables including coins and jewelery within Canada using registered mail. You are not allowed to do it internationally. The international piece (other than US) is a problem for many small collectible items which I am currently trying to address with CP. Basically if it's a Banknote it's considered paper and can be registered as lettermail but a coin can't. How is that for common sense? Most, if not all, mail services around the world now allow shipping items other than paper as registered mail (albeit limited in insurable value) as long as it fits the size. Canada only has the tracked packet product which for all intensive purposes is useless.
Edited by TheCoinHunter
09/24/2013 8:44 pm
Valued Member
Canada
109 Posts
 Posted 09/24/2013  8:52 pm  Show Profile   Bookmark this reply Add jw-collectibles to your friends list
Thanks MoneyPenny, 20.4b
Has anyone on this forum made a claim with CanadaPost for loss or damage on a coin?
Pillar of the Community
Canada
1751 Posts
 Posted 09/24/2013  9:16 pm  Show Profile   Bookmark this reply Add pocket change 50 to your friends list
Check out ship insurance, I used it once. I read about it on the ebay forums. It seems several sellers use them. There's a lot of good info on ebay forum.
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Canada
1502 Posts
 Posted 09/24/2013  11:46 pm  Show Profile   Bookmark this reply Add poboxw to your friends list
I've claimed $800 from canada post for a lost gold bar. a 2-3 week long process but completed nevertheless
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United States
2408 Posts
 Posted 09/25/2013  12:56 am  Show Profile   Bookmark this reply Add canadian_coins to your friends list

Quote:
It should be covered under PayPal Sellers Protection if you have signature required and if there is a signature on the other end if you have any sort of dispute.


PayPal covers absolutely nothing for the seller. This protection is a myth. Trust me I've been there MULTIPLE TIMES. PayPal protection DOES NOT cover the seller if the package is lost or stolen (which is usually the buyer's claim).

You need a separate insurance such as ShipSaver or others.
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Canada
1502 Posts
 Posted 09/25/2013  03:29 am  Show Profile   Bookmark this reply Add poboxw to your friends list
i concur with canadian_coins

PayPal has been terrific for us for charge backs and other claims provided if AND ONLY IF a signature was obtained on delivery. That's not so bad shipping within Canada (Canada Post) since adding signature to a parcel usually costs less than $2 extra. International shipping that has signature however, start at $30 to the States. I however, did not have much more than delayed shipping with Canada Post / USPS save for the one time a gold bar was delivered without signature and the buyer claimed it was lost. Had to refund via PayPal right away but Canada Post claims agent was very helpful in recovering the insured amount.
Pillar of the Community
Canada
1528 Posts
 Posted 09/25/2013  07:58 am  Show Profile   Bookmark this reply Add Lostwords to your friends list
Is it being ship to U.S or Canada?

If you ship within Canada, you don't have to declare what it is that you shipping. How does Canada Post know that it is coin that being lost? I mean if you upped your insurance to the amount you wants to insure?

Pillar of the Community
Canada
3692 Posts
 Posted 09/25/2013  10:04 am  Show Profile   Bookmark this reply Add Libertad to your friends list
Works fine for me. I only ever mail paper.
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