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 Replies: 380 / Views: 45,828 |
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Pillar of the Community
United States
709 Posts |
If it were me, I would opt for one of the on-site submissions rather than going through the mail, because I'm paranoid about that stuff. If I understand correctly, even if you purchase USPS insurance for an item such as this, they won't pay out the money if it gets lost because you have no receipt. Correct me if I am wrong, but if you find a $10k coin in the ground and insure it for $10k, they will say they owe you nothing because you didn't pay for or sell it for $10k, it was free. Chances are very low it will get lost, but that would be awful.
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Valued Member
 United States
122 Posts |
Getting it lost would not be a fun day. If I do send it, it will have to be cent "certified" which means it gets signed off on when ever it changes hands. Either way though. Still a huge risk but I don't have the time or money to drive/fly 1000+ miles to a walk through. I would prefer it though.
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Bedrock of the Community
United States
17884 Posts |
Quote:
If I do send it, it will have to be cent "certified" which means it gets signed off on when ever it changes hands. You mean Registered. Certified has little or no tracking internally or externally, just signed for at the end, and I don't believe Certfied can be insured. Registered is signed for each time it changes hands and is the only category that can be insured for more than $5000. (Registered external trackng leaves something to be desired but it can be tracked internally by the USPS to each person handling it.) Edited by Conder101
12/17/2014 1:04 pm
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Pillar of the Community
United States
7620 Posts |
Get an opinion form Dan T at Treasure Valley. I've known him a long time and he is a straight shooter and has always been honest with me. (He's just kinda indecisive when it comes across with parting with money and making up his mind!). I knew him when I lived in Boise many years ago and have seen him at various coins shows out West over the years.
By all means to bring max money the coin must be TPD'd. Walk through is best. If mailed, it must be REGISTERED and insured for full value.
That is one heck of a metal detector find! Congrats!
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Pillar of the Community
United States
4409 Posts |
Congrats on your find.
-MV
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Valued Member
United States
122 Posts |
Yessss!!! Sorry I miss spoke. Yes, registered mail is what I meant to say. Still can't believe it
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Pillar of the Community
United States
8516 Posts |
You think your spade might've gotten it ? Looks like a pretty good gouge. I bet that was exciting as all get out to find something like that, WTG !
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Valued Member
United States
122 Posts |
Nope, it was in the middle of the plug. I checked the hole and pulled out a tarp rivot and re-checked... Nothing. Pinpointed the plug and got a signal. As I swept the pinpointer closer to the target a large chunk of the plug fell off exposing the coin. My pointer followed and barely skimmed right across the surface. It's really amazing what one grain of sand can do to 100 year old silver patina. Like I said though, I know it's being described as a "gouge" but I really tried to embellish it in the pic. It's really more of a surface scratch. Either way it still sucks. I've pulled thousands of silvers out without blemishing them and of coarse the one that I hit happened to be the rarest silver coin of the 20th century
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Pillar of the Community
United States
1208 Posts |
FYI, I wouldn't send anything of great value through USPS.
Every insured/registered item of value that I have ever heard of getting lost has
been a horror story for the insured. The USPS makes you feel all warm and fuzzy by
insuring the item, but I have never heard of anyone that lost something and actually
got reimbursed. You think that if you pay for $x amount of insurance, you'll get $x
amount if your item doesn't make it, but the first thing they do when you make a claim
is put out a lowball value for the item you describe, then they ask you for receipts/documentation...
Then when you don't have complete documentation, which no one ever has "enough", they decline.
USPS "insurance" and "registration" is just a ploy to make money, because they never pay out.
Simply put, their "requirements" for collecting on a claim
are impossible to meet, but they don't tell you in advance.
Edited by ratio411
12/17/2014 4:42 pm
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Valued Member
United States
300 Posts |
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Moderator
 United States
16679 Posts |
The chances of it being in the ground, especially several inches down, and being fake are almost nill.
Great find and yes, PCGS that puppy.
swcoin.ecrater.com
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Moderator
United States
23522 Posts |
Yeah, the gouge is bummer but it's still a fantastic dig, easily one of the best we've been lucky enough to witness.  |
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Valued Member
United States
122 Posts |
Thanks guys! Maybe I'll be taking a trip to a show? Ooooooor maybe a local buyer will pop up?
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Moderator
United States
16679 Posts |
I have a few Colonials with dig tool marks. As detectorists, sometimes this happens unfortunately.
swcoin.ecrater.com
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Valued Member
United States
122 Posts |
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Replies: 380 / Views: 45,828 |
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Posted 12/17/2014 12:41 pm
