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Coins Disappeared On The Way To PCGS

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Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 07/03/2017  8:50 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
You guys are all missing this isn't an insurance claim. It is a postal inspectors criminal investigation and USPS will go with their decision for the insurance.
Pillar of the Community
westernsky's Avatar
United States
7621 Posts
 Posted 07/03/2017  11:43 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
The postal inspectors and the local police have bigger fish to fry than chasing down 4 missing coins from a package that was signed for and delivered. PCGS didn't notice anything amiss until THEY opened the package? Didn't they see the package was awfully light in weight when they signed for it at the post office? Maybe somebody at PCGS stole them on the drive from the post office back to the PCGS offices.

Unless there is a pattern of missing coins from packages shipped to PCGS the postal inspectors will not put much effort into this. As far as filing a police report? Pick a jurisdiction the package was processed through and file away!

It's an insurance claim....they will either pay it it or deny it.
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Cascade's Avatar
United States
7390 Posts
 Posted 07/03/2017  11:46 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
The weight being light at PCGS and them not noticing is not a sound theory. It could be 1 dime or 1 paper note etc
Rest in Peace
Parklane64's Avatar
United States
2668 Posts
 Posted 07/04/2017  01:22 am  Show Profile   Bookmark this reply Add Parklane64 to your friends list Get a Link to this Reply
1) USPS insurance is a waste of good money.

2) USPS can NOT be trusted.

That is all.
Valued Member
Taphandle's Avatar
United States
154 Posts
 Posted 07/04/2017  09:34 am  Show Profile   Bookmark this reply Add Taphandle to your friends list Get a Link to this Reply

Quote:
Another problem is the high amount of postage printed on the envelope is a dead giveaway that SOMETHING VALUABLE is in the package.


No, it's a dead giveaway that there are COINS in that box, the letters PCGS are on that box twice. Anyone with a clue knows what gets shipped to PCGS.


Quote:
2) USPS can NOT be trusted.


Agreed.
Valued Member
snowman24's Avatar
United States
186 Posts
 Posted 07/04/2017  10:13 am  Show Profile   Bookmark this reply Add snowman24 to your friends list Get a Link to this Reply
I never like that the PO puts advertising on a package that something is valuable inside unless that its sent registered mail. If its clear tape what stops someone else just putting another piece over because the receiver has not see the package.

anything with value should be brown taped like registered mail
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Conder101's Avatar
United States
17884 Posts
 Posted 07/04/2017  10:43 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
Didn't they see the package was awfully light in weight when they signed for it at the post office?

They probably pick up dozens if not hundreds of packages each day. Do they sign for each individually or a group signature and then just take the whole batch of packages?


Quote:
1) USPS insurance is a waste of good money.

So waste less send registered, it is frequently cheaper and Registered doesn't go missing so no need to fight for an insurance claim.
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basebal21's Avatar
13014 Posts
 Posted 07/04/2017  3:13 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
The postal inspectors and the local police have bigger fish to fry than chasing down 4 missing coins from a package that was signed for and delivered.


False. Postal inspectors will take very seriously a felony dollar amount being stolen out of a package. They will be especially interested since the only way it could have been stolen is by a postal employee. This is exactly the type of case Postal Inspectors take serious interest in.

Local police won't care and would be a waste of time.
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westernsky's Avatar
United States
7621 Posts
 Posted 07/04/2017  3:46 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
OP.....

Obviously, there are differences of opinion in how this situation will be handled by USPS and PCGS.

Please keep as posted as it plays out. This is an expensive lesson to learn from but could have been much worse. I wish you the best outcome.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 07/04/2017  6:56 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
It's not an opinion that that is what the postal police do.

Anyway should have also mentioned, don't bother writing the reholder or whatever on the outside of the package it makes no difference and just makes it more suspicious being mailed
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westernsky's Avatar
United States
7621 Posts
 Posted 07/17/2017  10:44 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
You heard anything from the postal inspectors?
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0xDA71D's Avatar
United States
1215 Posts
 Posted 07/18/2017  10:30 am  Show Profile   Bookmark this reply Add 0xDA71D to your friends list Get a Link to this Reply

Quote:
1) USPS insurance is a waste of good money.


Amen.

Why would I expect the same company that loses my packages to also protect my packages? Sounds like a conflict of interest here. Also, their insurance is an extremely bad deal. In order for their insurance to be worth it for first class mail, they would need to lose about 1% of packages. At that rate, I'd not even be using the USPS. Better than insurance is just setting aside $2 each package sent out to contribute to your "stuff happens" fund, rather than paying into the postal system.
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westernsky's Avatar
United States
7621 Posts
 Posted 07/18/2017  12:59 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
It may be a waste of money, but the few claims I have had for lost packages have always been paid by USPS. Insurance is a crap shoot no matter what you are insuring....house, car, life, health or USPS packages.

The big problem I see is that even though the USPS claim appears "cut and dried" regarding lost packages, USPS still denies the claim at least 2x and makes the claimant go through the "jump through hoops" appeals process. At least the claim and appeal process can all be done online which is much easier than mailing it in.

It will be interesting to see how the OP's missing coins situation at PCGS is eventually handled by USPS.
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Prethen's Avatar
United States
3234 Posts
 Posted 07/18/2017  1:10 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
I'm not sure if this was already mentioned, but if you don't belong to the ANA, it might be worth joining just for the discounted premiums to Hugh Wood which insures coin collections and items sent via mail. The part of their insurance that covers items such as those you send by mail is the Gold coverage and is pretty reasonable. The next part of the formula is to only ship in a box and in this case, the most expedient and cost effective is to use the USPS Priority box and no extra insurance if you are insured through Hugh Wood (although double check with Hugh Wood to see that this is still handled in the same way). Hugh Wood's coverage should kick in as long as the package was insured to begin with (with a minimal amount).

One of the key things here is to USE A BOX and seal it well. It is very unlikely for someone to rip open a simple USPS Priority box with no additional insurance added to it. In general, I think it would be very unusual for a postal thief (inside job) to arbitrarily try to rip open any box. I've sent coins in this manner for years now...no issues thus far. The only time I had a coin ripped off was when I shipped a coin in a regular envelop (in coin padding) and insured (the envelope had somehow been opened and the contents missing except for my letter).
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westernsky's Avatar
United States
7621 Posts
 Posted 08/02/2017  12:49 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
OP - It's been a few weeks since you last posted regarding your missing coins.

Do you have an update?

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