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<p>[QUOTE="Tamaracian, post: 2051599, member: 23122"]That shipment was worth $36,000 at NGC & PCGS values for the listed grade! </p><p> </p><p>The OP didn't give details on who exactly the Dealer was, or if the package was insured, just that it was Sent FedEx (Overnight, 2nd Day?). If you adhere to the following precautions you can MINIMIZE the temptation that an unscrupulous person will tamper wih the package contents, or steal the package outright:</p><p> </p><p>(1) if you have private insurance--<span style="color: #0000ff">see below</span>--you NEVER have to pay for the Shipper's Insurance, and it is never disclosed on any shipping/tracking Label or Manifest; in addition, it is less expensive than any of the commercial shippers' insurance, and higher limits are available. <i><span style="color: #b30059">Registered Mail maximum available insurance is $25,000, so if the shipper wanted the added security of USPS Registered Mail with it's multiple scans each time the package is touched and vault storage, he would have been UNDERINSURED by $11,000!</span></i> </p><p> </p><p><span style="color: #000000">(2) DO NOT use the full name of Coin Dealer--that is a dead giveaway that something of value is inside the box. Example: IF the coin dealer was Rare Coin Inc. or Sunrise Gold Buyers (both legit coin dealers in Lindenhurst, L.I.) and you wanted to ship to them, you should first:</span></p><p><span style="color: #000000">(a) contact them and advise that you want to send "X" coins with a brief description.</span></p><p><span style="color: #000000">(b) ask them if they regularly use an abbreviated moniker for their name. If yes, then use that. If not, then use your own such as RCI and SGB, respectively. The carrier making delivery will know that it <i>is</i> the dealer as-long-as their address is correct.</span></p><p> </p><p><span style="color: #000000">(3) </span><b><span style="color: #b30000">NEVER</span> </b>put <i>Coins</i> or <i>Valuables</i> or <i>Gold</i> or anything decsriptive on any Shipping Label or Forms!</p><p> </p><p>(4) for high value shipments ALWAYS double box your coins and seal ALL seams with reinforced Paper Tape. Use a 1 Cubic Foot Box or FedEx Express Box. Why Paper Tape? If you have ever submitted to the TPGs you know that they return your coins in boxes that have been Paper Taped and it is rather tough and time-consuming to cleanly open the box without it being rather messy and obvious. <i>Well can't it be opened and resealed?</i> Yes, but you can put a "tamper evident seal" on the seams by using a Magic Marker and putting a zig-zag pattern all around--like the USPS does with its Stamp when you send a Registered Package.</p><p> </p><p>Doing the above may sound more complicated and costly, but would you want to risk losing $36,000 worth of coins--especially that condition rarity 1888-S Liberty? </p><p> </p><p><b><i><span style="color: #4d4dff">I posted this the other day for the benefit of those who submit high value shipments for grading, and it would also hold true for shipments to Coin Dealers:</span></i></b></p><p> </p><p><i>For those of you who regularly submit to NGC, PCGS, ANACS, or CAC and don't like paying the high-cost of insurance from USPS, FedEx or UPS for the "Full Retail Value" of what you think your coins are worth if they were lost or stolen in transit, I would like to inform you of an association that offers low cost insurance for ANY valuable item, an also discounted FedEx rates.</i></p><p><i><br /></i></p><p><i>It is the "North American Collectibles Association, Inc." (URL below), and thru them ShipandInsure.com. There is an annual fee of $45 for the initial membership and $90 for renewal, but this is soon recouped if you do multiple shipments valued in the thousands or higher. You can use UPS, USPS (Priority or Registered) and FedEx. The cost/$100 starts @ $0.11 for Registered Mail and the most expensive is $0.26 for FedEx 2-Day; the other methods are between these 2 costs.</i></p><p><i><br /></i></p><p><i>Some of the Carriers/Methods allow as much as $75,000 of insurance per shipment; or higher upon getting phone approval.</i></p><p><i><br /></i></p><p><i>Aside from the savings on the outbound shipment, you can avoid having CAC, NGC, and PCGS charge their higher MANDATORY Insurance on the DECLARED VALUE of your coins; you do this by submitting the "Confirmation Letter" from ShipandInsure with you coin shipment AND select "I will use my own insurance" and the appropriate Carrier--usually FedEx or Priority Mail/Registered. Unfortunately, ANACS will not allow you to use your own insurance.</i></p><p><i><br /></i></p><p><i>You will need to fill out an Application and show 3 Trade References (what coin Dealers have you had a credit purchase with [e.g. Rare Coin Wholesalers; Great Collections, etc], BUT NOT EBAY MERCHANTS unless a direct transaction via CC or Check) and 2 Trade Organizations to which you belong (e.g. ANA, PCGS Collectors Club, NGC Collectors Society, etc):</i></p><p><i><br /></i></p><p><i><a href="https://nacacollectors.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://nacacollectors.com/" rel="nofollow">https://nacacollectors.com/</a></i>[/QUOTE]</p><p><br /></p>
[QUOTE="Tamaracian, post: 2051599, member: 23122"]That shipment was worth $36,000 at NGC & PCGS values for the listed grade! The OP didn't give details on who exactly the Dealer was, or if the package was insured, just that it was Sent FedEx (Overnight, 2nd Day?). If you adhere to the following precautions you can MINIMIZE the temptation that an unscrupulous person will tamper wih the package contents, or steal the package outright: (1) if you have private insurance--[COLOR=#0000ff]see below[/COLOR]--you NEVER have to pay for the Shipper's Insurance, and it is never disclosed on any shipping/tracking Label or Manifest; in addition, it is less expensive than any of the commercial shippers' insurance, and higher limits are available. [I][COLOR=#b30059]Registered Mail maximum available insurance is $25,000, so if the shipper wanted the added security of USPS Registered Mail with it's multiple scans each time the package is touched and vault storage, he would have been UNDERINSURED by $11,000![/COLOR][/I] [COLOR=#000000](2) DO NOT use the full name of Coin Dealer--that is a dead giveaway that something of value is inside the box. Example: IF the coin dealer was Rare Coin Inc. or Sunrise Gold Buyers (both legit coin dealers in Lindenhurst, L.I.) and you wanted to ship to them, you should first: (a) contact them and advise that you want to send "X" coins with a brief description. (b) ask them if they regularly use an abbreviated moniker for their name. If yes, then use that. If not, then use your own such as RCI and SGB, respectively. The carrier making delivery will know that it [I]is[/I] the dealer as-long-as their address is correct.[/COLOR] [COLOR=#000000](3) [/COLOR][B][COLOR=#b30000]NEVER[/COLOR] [/B]put [I]Coins[/I] or [I]Valuables[/I] or [I]Gold[/I] or anything decsriptive on any Shipping Label or Forms! (4) for high value shipments ALWAYS double box your coins and seal ALL seams with reinforced Paper Tape. Use a 1 Cubic Foot Box or FedEx Express Box. Why Paper Tape? If you have ever submitted to the TPGs you know that they return your coins in boxes that have been Paper Taped and it is rather tough and time-consuming to cleanly open the box without it being rather messy and obvious. [I]Well can't it be opened and resealed?[/I] Yes, but you can put a "tamper evident seal" on the seams by using a Magic Marker and putting a zig-zag pattern all around--like the USPS does with its Stamp when you send a Registered Package. Doing the above may sound more complicated and costly, but would you want to risk losing $36,000 worth of coins--especially that condition rarity 1888-S Liberty? [B][I][COLOR=#4d4dff]I posted this the other day for the benefit of those who submit high value shipments for grading, and it would also hold true for shipments to Coin Dealers:[/COLOR][/I][/B] [I]For those of you who regularly submit to NGC, PCGS, ANACS, or CAC and don't like paying the high-cost of insurance from USPS, FedEx or UPS for the "Full Retail Value" of what you think your coins are worth if they were lost or stolen in transit, I would like to inform you of an association that offers low cost insurance for ANY valuable item, an also discounted FedEx rates. It is the "North American Collectibles Association, Inc." (URL below), and thru them ShipandInsure.com. There is an annual fee of $45 for the initial membership and $90 for renewal, but this is soon recouped if you do multiple shipments valued in the thousands or higher. You can use UPS, USPS (Priority or Registered) and FedEx. The cost/$100 starts @ $0.11 for Registered Mail and the most expensive is $0.26 for FedEx 2-Day; the other methods are between these 2 costs. Some of the Carriers/Methods allow as much as $75,000 of insurance per shipment; or higher upon getting phone approval. Aside from the savings on the outbound shipment, you can avoid having CAC, NGC, and PCGS charge their higher MANDATORY Insurance on the DECLARED VALUE of your coins; you do this by submitting the "Confirmation Letter" from ShipandInsure with you coin shipment AND select "I will use my own insurance" and the appropriate Carrier--usually FedEx or Priority Mail/Registered. Unfortunately, ANACS will not allow you to use your own insurance. You will need to fill out an Application and show 3 Trade References (what coin Dealers have you had a credit purchase with [e.g. Rare Coin Wholesalers; Great Collections, etc], BUT NOT EBAY MERCHANTS unless a direct transaction via CC or Check) and 2 Trade Organizations to which you belong (e.g. ANA, PCGS Collectors Club, NGC Collectors Society, etc): [url]https://nacacollectors.com/[/url][/I][/QUOTE]
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