Clever Shipping Lable.

Discussion in 'Bullion Investing' started by saltysam-1, Jun 4, 2016.

  1. saltysam-1

    saltysam-1 Junior Member

    I couldn't help but comment on the return address on my 50 ounce silver purchase from Provident Metals. They were 5 -10 ounce bars and I'm sure the dishonest folks that work in the post office can recognizes the various names of the large shippers of precious metals. Provident Metals uses the name of Provident Machine Bearings of Dallas Texas, as their return address. That also explains the weight. I have only bought twice before from them but don't recall seeing this. I thought it probably has a better chance of getting delivered that way. Has anyone else noticed this?
    Last edited: Jun 6, 2016
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  3. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    That sure is a clever way to fool the thieves as long as there isn't anyone looking to steal machine bearings.

    saltysam-1 and green18 like this.
  4. jwitten

    jwitten Well-Known Member

    I hate when I get packages with things like "Gold and Coins!" on the label. Dumb Dumb Dumb!
    Jdiablo30, saltysam-1 and Markus1959 like this.
  5. Rick Stachowski

    Rick Stachowski Motor City Car Capital

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  6. Cascade

    Cascade The Blind VAMmer

    I've noticed that before. It is quite genius. Great Collections also, Ian the owner just uses his name like it's a normal package between friends
    baseball21 and saltysam-1 like this.
  7. New Windsor Bill

    New Windsor Bill Well-Known Member

    Yes, I have received 4 orders from them and this is what they have been doing. The best way is to have signature confirmation when you are dealing with coins or bullion. I am saying this because there were 2 different packages (not Providents)I never received.And after countless phones calls to the post office, they could not be found.They seemed to disappear when they were scanned at the Albany NY. Facility.But there was one package from Provident that was left on my deck according to the PO. but I never found it. I called Provident and told them that I never received the package and they had me write a letter stating this and sign it, return it to them and 2 weeks later they gave me a replacement order. They are a great company to deal with.
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  8. Markus1959

    Markus1959 Well-Known Member

    That is great. Too many USPS carriers think they can get away with stealing - although lots have. We had a new carrier the day USPS tracking showed my package was delivered - 5 Franklin halves - never was delivered. I called the post office and got some answers but I eventually got the run-a-round and never found my Franklins!
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  9. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I usually use my name, but have on a few occasions used a more "industrious" name to ward off opportunistic mail handlers.

    I also changed to private insurance over USPS insurance because the cost of the latter drives a higher total on the postage label, which can tip off the mail handlers to the high value of a light weight package.
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  10. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    They used to use PPM and around a year ago they changed to the Bearings thing.

    Postal insurance is useless with precious metals. After the 1st $50 you will get nothing, provided you don't give fraudulent information....which is mail fraud...which usually includes some prison time if found guilty...
    saltysam-1 likes this.
  11. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    It's not a secret anymore... :rolleyes:
  12. saltysam-1

    saltysam-1 Junior Member

    Yes, but unless they frequent here, all is not lost. USPS hires a lot of part time help along with seasonal temporary help. Here is where the greatest problem resides. I doubt if they have coin forum information. It's too easy to steal without the research hassle. The real smart thieves won't be satisfied with little shipments under $10,000. If your going to jail you might as well go for the bigger score. If your looking to buy drugs or need money for some other illegal activity, they go for the little purchases which are obvious to them. And by the way, I didn't give all the information about their complete return address. I was selective with my post. I also bet if Provident has any problems of real concern, they will simply change their address again. How about: 1300 Metropolitan, North Central Kansas, 66048. :>)
    Last edited: Jun 6, 2016
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  13. New Windsor Bill

    New Windsor Bill Well-Known Member

    I have tracked the packages that I never received with those same results; All of a sudden there is no more movement for days into weeks, I have also had one empty package delivered in my mail box with the shipping label partly removed by the zip code and a tear in the back of the bubble wrap package with a sticker over it that said package damaged and another sticker that said contents missing. They actually delivered this empty package to me. This was my proof to get a refund from the seller. What a shame that this stuff goes on; they have a decent job and they still have to steal.
  14. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter


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  15. Comixbooks

    Comixbooks Active Member

    Post office has a X-Ray scanner for suspicious stuff like COINS! With today's postage rates you can only ship small collectables to make a profit.
  16. baseball21

    baseball21 Well-Known Member

    Doesn't it have to be registered mail for a payout on precious metals?
  17. saltysam-1

    saltysam-1 Junior Member

    I was wondering who would take the time to research the address. Leave it up to green18 to do that. :>)
    slackaction1 and green18 like this.
  18. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    Yes. Unless you get 3rd party insurance, and some of them are useless with PMs, the only way to insure PMs via the Post Office is registered mail.
    baseball21 likes this.
  19. Speedbump

    Speedbump Not a New Member

    Numismatic coins can be covered with normal insurance. This coverage maxes out at $5,000 however, and the payout value is determined by a 3rd party.
  20. stoster38

    stoster38 Member

    Yeah Provident has been doing that for a while. I can't remember if this was Provident as well but one coin order I got was labeled as plumbing supply company. Lol
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