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 Replies: 9 / Views: 1,575 |
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New Member
United States
12 Posts |
What is the best way to ship coins? I want to ship several gold coins and the value is in excess of $5000. Should I use the USPS? How much can I can insure them for? What is the cost of insurance? Are there better modes of transportation?
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Bedrock of the Community
United States
14454 Posts |
Oh man I would definitely send them registered & insured mail (not sure the maximum amount they allow though but NGC and PCGS sends coins back this way) if you send them USPS (which would be what I did) because each person that handles the package has to sign for it and they are responsible if something gets missing
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Member
United States
3242 Posts |
Fed-X,UPS,USPS, are a few and DHL there a little cheaper.
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Pillar of the Community
United States
591 Posts |
I use USPS. I have never used DHL for shipping anything but everytime I order something shipped via DHL there is always a problem.
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Pillar of the Community
United States
1840 Posts |
UPS would give you accurate tracking of the package at every step in the shipping process. That may give you a little piece-of-mind.
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Bedrock of the Community
United States
17884 Posts |
UPS and Fed-X are faster and have better tracking of the package, but they do NOT insure coins so if something happens you are out of luck. USPS registered insured is slower but VERY VERY safe. If you want you could send them priority insured to get them there faster, and they will be insured in case something happens, but it will cost considerably more than registered insured. (If the package weighs more than 13 oz you will be paying the Priority mail rate either way, but the insurance rates for registered are MUCH lower than the regular mail insurance rates. If it weighs less than 13 oz you can save even more with the registered first class insured. Why are the insurance rates lower for registered? Because it is much safer. Priority mail is just tossed in with the regular first class mail. No accounting for where it is, it can be handled and sorted by outside contractors etc. Registered mail is kept under lock and key, has to be signed for every time it transfers from one employee to another, and can only be handled by USPS employees. If one were to be unaccounted for the last person to sign for it is held responsible so everyone is very careful to make sure to get the signatures when they pass it on. No one wants to run the risk of getting stuck holding the bag for a missing package. Penalties include loss of job, fines and even prison time.) Registered is slow because of all the extra security but you know it WILL get there.
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Bedrock of the Community
United States
19931 Posts |
I vote for USPS too....Conder has the same feeling/understanding as I do.
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Moderator
 United States
23522 Posts |
$5000 worth of coins? USPS Registered Mail, or Wells Fargo. Your choice. No others.
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Bedrock of the Community
United States
17884 Posts |
Oh, one thing I didn't mention was the limits on the insurance for registered mail. You can insure for any amount but the maximum that the USPS will pay out on insurance is $25,000. They will charge for insurance for amounts over that figure though. They claim that the fee for the over $25K amount is to pay for extra security. If you do have to mail items of higher value you would do better to carry private insurance for the extra amount. (Believe it or not the private insurance will actually be lower than the USPS insurance. Why? Because registered mail is SAFE!)
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New Member
 United States
12 Posts |
Thanks for all of the advice. Conder, thanks for all of your tips and help on USPS. It was a great help. By the way, for all of you interested in NCAA basketball, GO JAYHAWKS!
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Replies: 9 / Views: 1,575 |
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Posted 03/20/2008 5:05 pm
