Discussion in 'US Coins Forum' started by ToughCOINS, Nov 26, 2022.
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I'd give my eye teeth for just about any one of those coins. To lose a collection like that is mind numbing.
@ToughCOINS I hope that wasn't your shipment. But to a prior poster's comment about the value of the shipment, this kind of coin shipment is not uncommon. Tens of thousands of dollars worth of stuff is being shipped all the time, mostly with no problems. But when one goes missing, it's newsworthy because it is kinda rare.
How much are those coins worth ? Tens of thousands or hundreds of thousands ?
Wouldn't the tracking be of use ?
And why doesn't FedX and UPS have tamper-proof shipping containers maybe with RFIDs or other microchip tracking or something ? We are using the same technology we had in the 1970's for expensive packages, except now you can track your package getting lost online.
Since these UPS / FEDEX / USPS thefts seem to quietly disappear into history, I surmise that someone is buying these coins up on the sly. . . . I'd give my eye teeth to see the Fence(s) identified, prosecuted, convicted and imprisoned.
One, are they aware of the contents ? If no leads from the addresses or names, are they using an X-Ray machine to see the contents ?
Two, why isn't the FBI doing some stings ? Why aren't FedX and UPS for that matter ?
Just a hunch, but I'm guessing they can see what it's insured for and have no clue what's actually in there. It's difficult for me to envision a scenario where they're able to grab a specific package out of the millions that pass through because they know what's specifically inside. What's interesting is that the empty package arrived. I'm not sure what to make of that.
You can Google any address on a smartphone and see if it comes up as a jewelry or coin dealer.
That info wasn't available 25 years ago.
I would be fuming but I also wouldn't send coins of this magnitude w/o Insurance or at least an escort to the facility somehow.
Sure, but I don't think it's realistic to think that a FedEx employee is standing around googling package addresses.
They added lots of new people...many temps...not exactly the quality of people they hired in the past, IMO.
In this case, I'm confident the coins must have been adequately insured, but the insurance should not have been purchased from FEDEX. Buying insurance from the shipper increases the risk that an insider will discover the value of the shipment and take more than a passing interest in the contents. Private insurance gives less information to the shipper, safeguarding the owner against just one additional level of either negligence or malevolence.
For much more valuable shipments than this, an owner should consider a bonded courier, or transporting the coins to the destination in person.
Fedex and UPS dont care, they dont insure coins. Why people use them to send coins is beyond me. At least with USPS the Postal Inspectors would start criminal investigations into any loses or thefts
Fedex doesnt insure coins, if thats the only insurance on the shipment than the shipper is out completely. I would assume they used private insurance and the headache will be mostly with the shipper trying to get the private insurance, Fedex will just say its not our problem that something we dont guarantee was lost, theres even places on their webpage saying they dont accept coins numismatic or otherwise knowingly
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