USPS Registared mail lose continues

This is all really scary. I sent 4 gold coins to PCGS recently, insured for $7,000. They got there (& were given a very rough ride by PCGS, but that's another story). I wonder if it helps any to list the actual coins on the little P.O. receipt, & not just "coins", like I did?

I was thinking of submitting a few of the coins to NGC, but I dunno, after reading all this. Part of the problem is, the return shipping fees are so high with both PCGS & NGC, that you're almost forced to send more $$ value in coins every submission (rather than sending say my 4 gold coins one at a time, to try to limit a potential loss, but then paying the $25 or $30 return shipping fee 4 times).

Basically, I sweat the shipping everytime I ship expensive items, esp. if it starts getting into the $2-3K range or up. I ship heavy items UPS ground, & buy their "insurance", but I don't see an option other than Reg. Mail for expensive coins or jewelry.

 

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Wow, this is really scary. Sorry to hear about this mess. I'm guessing somebody has purposely stolen them. I would think it is very rare for such a high dollar package to just disappear. All it takes is a low paid, part time, drug or gambling addict who owes money and they'll risk it all. Even being fired.

I can't believe they can't track it down. Somebody probably will lose their job. The USPS is in such desperate shape, this is a very big deal. In the few post offices that are left open around here, turning up the heat in the winter is nearly grounds for termination.

 

I'm not sure it should be. I got stuck for all of about $15 plus the loss of my money for a few months in 2002. I've sent perhaps 40 coins out for slabbing since then without any issue, nor have I had any issues with USPS when buying or selling coins.

So relax, "trust but verify." Document your purchases and if possible photograph your coins before handing them over to any common carrier. I do have a couple of additional advantages, though. I live in a town of 9,000 people, and my bank and post office literally share a building. When sending out valuables, I get the weight of the package on the receipt. When receiving coins, I can walk over to the other side of the building and open and inspect the package in the vault area.

P.S. In case anyone is wondering about that 1855-D, I did take a picture of the coin, but I should have taken a picture of the slab as well. If someone should happen to see it, please contact the USPS.

 

The correct answer is that coins suck as an investment. I no longer own coins, but I retain the numismatist interest. I've lost too much money in coins. Bullion is the only way to go !