Anyone know when the 2021 Morgan & Peace Dollars ship?

I’ve insured all kinds of things with FedEx. They never asked me what exactly I was insuring. They just asked what the estimated value of what I was shipping was and based the cost on the estimated value.

One thing I remember ensuring was a 1/4 oz American Gold Eagle and I believe I paid $16 or something like that for insurance with an estimated declared value of $400.

 

Log in or Sign up to hide this ad.

And if you'd tried to make a claim on that insurance, that's when they would've asked what you shipped, and then pointed to the fine print in the insurance terms.

 

My O and CC privy Morgans arrived today (from Memphis). I haven't opened them yet; to be honest, I'm considering flipping the unopened box. I'm not super-pleased with the finish I'm seeing on in-hand photos.

I'll have a tougher call on the Peace and P. I'd kinda like to keep those.

 

You can insure it all you want, you’re just wasting your money. FedEx insurance specially excludes coins and your claim would be rejected but they’d keep your insurance money. USPS numismatic coins can be insured.

 

Only if they lose it and I tell them it was coins .

If they don’t know it’s coins and insure it I could easily just lie and say it was something else.

But sometimes just having insurance on an item results in the package being kept track of better and thus not lost in the first place.

 

Nice! I still have my CC and O in the unopened mint box too.

 

And you would be committing federal insurance fraud and if they ever found the package or ever had an X-ray or the contents you’d be in a world of hurt.

 

Not really because I don’t think they have a right to ask what was in the package. That’s a privacy issue and a Constitutional issue since the Constitution prohibits search & seizure without a warrant.

I believe if a package is insured for a certain amount they are responsible for paying the full amount if they lose the item.

 

No no its not. They ABSOLUTELY have a right to know what is in it for an insurance claim and you are LEGALLY REQUIRED to be HONEST. It is illegal to lie.

You honestly need to do a ton of research about how insurance works because you are completely off base with many aspects of it

There are countless exclusions, value has to be proven etc. Its not some honor system where they just take your word for it and lying is not only illegal but will void any claim and is against the terms of agreement

 

I wasn’t saying it was a fact. I was explaining what my defense would be and it would be up to an attorney who knows more than both of us to make that argument.

Nothing in the law says that FedEx can take the money to insure something and then not insure it when they lose it.

Instead they should state what they don’t insure prior to the person paying them for insurance. Putting it on the website is not enough. They would need me to sign a form stating what they do not cover and then if I sign that form agreeing that coins are not covered and then if I try to make a claim on it they would have a defense for not paying it.

They can’t just say “Thanks for paying for insurance” and then “Oops we lost your package but just so you know we don’t cover insurance on coins.”

That needs to be made clear up front when the insurance is purchased and again putting it on the website is not enough.

It would be up to the courts to decide if I am right or FedEx is right.

But I believe any reasonable judge or jury would agree that if FedEx accepts insurance money after being clearly told that it’s for a package containing coins they are responsible for paying claims relating to loss of said coins.

If they don’t cover it then it’s their responsibility to tell the customer that and refuse his/her payment for insurance for those coins.

 

Oh you're so misguided. Listen to @baseball21 he's giving you good advice in this case.

 

I’m not misguided. I understand what FedEx’s policy is. But from a legal perspective if they don’t follow that policy and choose to accept payment for insurance after being informed that the package contains coins then they are voluntarily waiving their own policy and choosing to insure those coins.

For example: The law says that police cannot interrogate a suspect without an attorney present. But if the suspect chooses to talk without an attorney present then the police are indeed allowed to question the suspect without an attorney present. It doesn’t mean the police are breaking the law because the suspect waived that right.

He is 100% right that FedEx policy does not cover coins. I’m not denying or arguing that.

I’m saying that by accepting insurance payment knowing that the insured package contains coins they are waiving their policy and legally they would most likely be responsible for insuring them.

However if they don’t know that a package contains coins when it’s insured then FedEx would be right to not reimburse the claim and most likely would win in that case.

He is basing everything he said based on FedEx’s policy which doesn’t take into account the decision of FedEx ignoring that policy by accepting payment for insurance knowing that the package contains coins.

 

Once again you are completely off base. Its literally in the terms of the contract you agree to by making the purchase.

If you want to buy insurance you're allowed to, doesnt mean its something they cover. Its your responsibility to know what youre buying when it comes to insurance and that is a long standing fact in all areas of insurance

 

I’ll stop posting it but it would be up to a judge or jury to decide if I’m right or wrong.

It’s not a case of me just being wrong.

However knowing what I know now I wouldn’t bother trying to insure coins with FedEx because I wouldn’t want to go through all the hassle and expense of having to go to court.

But I also am asking you to please stop posting that FedEx is allowed to accept payment for coin insurance and not hold up their end of the bargain. That’s just not the case. It would be up to the legal system to decide if FedEx or the customer is in the right as indicated by the guy who is suing FedEx in small claims court.

Until a decision is made in that case no one can say whether or not FedEx is responsible.

You are 100% right though that if someone doesn’t tell FedEx what’s in the package and FedEx insures it and loses it they are absolutely within their rights to deny the claim.

 

Except they are. Just like USPS is allowed to and does as well. I'm saying it because I know it to be true and have seen people have claims denied for insuring things that are not insurable. This isn't just me saying something to say something this is how insurance works.

Just like they can deny a claim if you under insure it, adjust the claim amount down if you over insure it etc. Its better to over insure a little than to under insure and there are "bullion coins" you can legitimately get treated as numismatic like early ASEs that sell with significant premiums.

I've had to do mail claims before including getting the automatic reject and having to do the appeals.

If you insure something they don't cover the only thing you'll be able to get payment for is the cost of the shipping.

The real point is that if you're insuring coins in the mail you either want to use USPS or private insurance. The others don't cover coins of any type and cost more to ship anyways

 

Blake, you keep changing the parameters of the discussion. At one point you say to lie about the contents to get the insurance (see red above).

Then you say they have a legal responsibility to cover a claim after being told the contents are coins (see blue above).

Your direction is all over the place and honestly, you're wrong on just about everything you've stated. FEDEX is under no obligation to pay on an insurance claim for a shipment their Terms of Service specifically state they do not cover.

Furthermore, if you lie about the contents just to get the insurance coverage, you've then opened up a whole new set of troubles for yourself, should they elect to pursue insurance fraud.

Do some due diligence before trying to make assertions you can't substantiate.

 

I'm not changing the parameters of the discussion at all.

The red & blue things were two different parts of the same conversation.

RED = Me explaining why FedEx would have difficulty proving that the LOST shipment contained coins. They can't prove it if it wasn't told to them. Afterall if the package is LOST it's not like they could search it.

BLUE = Me explaining why despite FedEx's policies stating they don't cover coins they would have a difficult time winning if someone took them to small claims court because they would have to explain to a judge why they accepted payment for something they don't cover.

You seem to expect me to stick with one argument and not deviate from it in any way whatsoever but in order to explain why they would have difficulty in a LEGAL sense (which you keep ignoring and focusing on FedEx company "policy") prevailing in court where company policy doesn't mean squat.

Just ask Facebook. Facebook company policy was to work with Cambridge Analytics to gather customer data. If you had tried to tell Facebook to stop doing that they would have said "that's just company policy."

However when it was taken to court that policy was shot down and Facebook was forced to stop without the consent of the people whose data was being gathered.

The FACT of the matter is this: If a judge says "You are court ordered to reimburse the customer because you accepted the payment for insurance" it DOESN'T MATTER WHAT THE FEDEX INSURANCE POLICY SAYS.

I'm sure there is also a policy not to let customers pay for services that can't be provided.

Court rulings > Company policy.

But if I said that from the start I am sure you would've said something like "But a court wouldn't say that" which is why I stopped talking about RED and started talking about BLUE which is an explanation of why the court would in fact probably say that.

Any judge or jury with common sense would ask FedEx:

"Mr. FedEx lawyer please explain to me why you took the customer's money if you did not cover the item the customer was shipping and had no intention of reimbursing them if it was lost or damaged?"

& Mr. FedEx lawyer would only be able to say: "Good point your honor. I have no idea. We shouldn't have accepted the customer's money for a service we had no intention of providing."

& the Judge would say something like: "In that case I am judging in favor of the plantiff. I don't care what your company policy is. It was deceptive and you took the customer's money which made you responsible for providing insurance."

That is not "changing parameters". It's making multiple points in the same argument.

 

It seems you need to also do a lot of research on how contracts and courts work.

the fact you think any corporate lawyer would ever say that under any circumstances just shows how farrrrr off reality you are on the issue

 

You should try it. Go ship coins via FedEx with insurance and have a good time. You'll likely never find out you wasted your insurance premium because the package will be delivered without incident. However, if the unfortunate circumstance arises whereby you do need to file a claim I'm sure everything will go just as you laid out.

/Rant

Peace out

 

Received mine in the mail today!