Shipping Insurance For A Valuable Coin Question

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Author	Replies: 5 / Views: 2,489
westy00 Valued Member Canada 340 Posts	Posted 12/06/2021 7:22 pm If I sell a coin on ebay say for $1000 or more as it's the buyers cost to pay for shipping how should the coin be insured if Canada Post only covers a max of $500 ? Do you have to ship via ups/fedex etc? Report this Post to the Staff

Pacificoin Pillar of the Community Canada 5391 Posts	Posted 12/06/2021 7:51 pm It may be a charge to the buyer , it's on you to get it there. Many different insurance policies are available as per your other post . The companies will gladly take your premiums and will enjoy Kicking the day lights out if and when you try to collect on a claim . They have deeper pockets and fancier law firms than you do . Best advice is insure to the 500 and self insure for the rest Or simply do not sell above your comfort level . Our business is mostly in the USA ( we live near the border ) and there it is much easier to insure coins sent via USPS , up to 10 K USD . Good luck ! Edited by Pacificoin 12/06/2021 8:01 pm Report this Post to the Staff
westy00 Valued Member Canada 340 Posts	Posted 12/06/2021 8:35 pm I too live near the border and I have heard some Canadians will go over the border to ship goods via usps . I did not know about insurance within usps being available . All I know is CP is not interested . Report this Post to the Staff
John1 Moderator United States 56855 Posts	Posted 12/07/2021 04:40 am From what I have read in the past,good luck on getting a claim from any shipper. Maybe taking good photos of the item before you ship it might help some. John1 Report this Post to the Staff
westy00 Valued Member Canada 340 Posts	Posted 12/07/2021 08:32 am I thought of that but I guess the reply might be well you still didn't mail it . I do keep receipts from the post office but they don't show the address on them . With registered mail they have to sign but the PO worker doesn't input the address into the computer . Only if you purchase express post . Report this Post to the Staff
thecoinguy1964 Pillar of the Community United States 1300 Posts	Posted 12/07/2021 08:38 am With all the missing packages that I see on Nextdoor.com, I'd insure for maximum! Report this Post to the Staff
	Replies: 5 / Views: 2,489

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