How Do You Insure Coins On Ebay? - Coin Community Forum

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Author	Replies: 7 / Views: 4,791
johnny676767 Pillar of the Community United States 521 Posts	Posted 12/17/2020 07:19 am I'm not a professional seller but I wanted to sell some coins for extra money. I put about 18 tracked packages in the post office mailbox 4-5 days ago and there is no record of tracking or item received by USPS. I am very worried about this as totals are about $2,000. Anyway, I was aware of long shipping times because I myself have been waiting for a coin seemingly stuck in Phoenix for 3 weeks. So, I wanted to buy insurance, but when I chose that shipping option on ebay postage sales, I happened to read the fine print and it said coins or bullion aren't covered. How do you handle insurance? I have a few more auctions ending and am really afraid about sending anything else. Thanks Report this Post to the Staff

kanga Pillar of the Community United States 5825 Posts	Posted 12/17/2020 09:11 am When you look at the shipping insurance selection on the mailing page you can opt for USPS insurance. If I recall correctly click on the insurance selection and USPS will show up as the other option. Select it. Report this Post to the Staff
chafemasterj Pillar of the Community United States 6514 Posts	Posted 12/17/2020 11:18 am I wasn't aware of USPSs policy of not covering coins or bullion. I have always just sent items and insured them appropriately. I've never had to start a claim for anything, guess I've been lucky. Glad you brought that fine print to my attention. I look forward to seeing others responses. Check out my counterstamped Lincoln Cent collection: http://goccf.com/t/303507 Report this Post to the Staff
westernsky Pillar of the Community United States 7620 Posts	Posted 12/17/2020 12:49 pm The USPS insurance claims process is a hoop-jumping nightmare. USPS insurance does cover collectible coins but does not cover "cash". It is a catch-22 situation. I had a claim for about 300$ a few years ago. The pkg made it to the delivery post office and a signature was required at delivery. The pkg never was delivered nor was a signature obtained. This drug on for weeks. Finally I filed a claim. Submitted the paperwork along with documentation supporting values. The claim was denied and the appeal was rejected 2x. On the 3rd appeal the claim was approved. I got my reimbursement about 2 weeks later. Report this Post to the Staff
Zurie Pillar of the Community United States 5672 Posts	Posted 12/17/2020 1:12 pm With the cost of USPS insurance, the difficulty of getting a claim approved, and the infrequency of losing a package, I've decided to essentially self-insure. Fortunately, I haven't had a tracked package lost so far. Report this Post to the Staff
machine20 Pillar of the Community United States 1277 Posts	Posted 12/17/2020 6:44 pm Usps is reliable enough that the insurance is not worth it to me and I'll eat the cost if a package gets lost Report this Post to the Staff
NumisEd Pillar of the Community United States 5185 Posts	Posted 12/17/2020 6:50 pm There is dire need of real competition in the small items postal/shipping market. Report this Post to the Staff
silverwolf Pillar of the Community Canada 3733 Posts	Posted 12/17/2020 6:57 pm Insurance has to be purchased at the time of mailing, not after they were dropped in the mailbox.. Report this Post to the Staff
	Replies: 7 / Views: 4,791

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