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<p>[QUOTE=&quot;GDJMSP, post: 1047535, member: 112&quot;]What they don&#039;t cover is cash shipped via mail. And some choose to interpret that to mean coins because coins are money.</p><p><br /></p><p>But - they will cover numismatic items and collectibles.</p><p><br /></p><p>To answer your question directly, yes I have once had a coin that was lost in the mail covered by insurance. But it doesn&#039;t work the way most people think.</p><p><br /></p><p>In my instance I was buyer, but as the buyer I am not insured for anything. Only the shipper (your seller) is covered by the insurance purchased at the time of shipment. Which means that you have to trust that seller to reimburse you for your loss if your coin never arrives.</p><p><br /></p><p>The way it works is this. You first notify your seller that you have not received your coin. The seller (shipper) then notifies the Post Office. The Post Office will then reply that the shipper must wait 30 days to see if the package arrives. Once the 30 days has passed the shipper will then file a formal claim with the Post Office.</p><p><br /></p><p>Once that claim is filed the Post Office will then contact you, the addressee to see if you have indeed not received the item. If you say you have not received it they will then send you a form to fill out and you return it to them. Then they will investigate.</p><p><br /></p><p>Once they are satisfied that you have not received the package they will acknowledge the loss claim and send a check for the covered amount to the shipper. It is then up to the shipper to reimburse you.</p><p><br /></p><p>All told the entire process can take up to 90 days.[/QUOTE]</p><p><br /></p>

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