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High values in price guides can be useful for USPS insurance claims.
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<p>[QUOTE="lordmarcovan, post: 3572688, member: 10461"]I had a similar issue with one claim, years ago. They did not accept the (Krause) priceguide data I provided. I ended up eating the whole thing and taking a total loss. This was only on $170 worth of coins (and an accompanying money order), but at the time, that was a really big sum for me, and a very painful loss.</p><p><br /></p><p>I think if you insure a coin for a certain amount, you should receive <i>exactly that amount</i> in the event of a proven claim. For the USPS to lose one's coin and <i>then</i> quibble over the value of it adds insult to injury.</p><p><br /></p><p>Now, I know they have to be vigilant against insurance fraud and all that, but if a shipment is indeed lost, then they should pay up- for the <i>full coverage amount</i> the customer paid for! Or deny the claim altogether, if there isn't enough evidence. I do not understand the half-measures and partial refund thing.</p><p><br /></p><p>I'm sorry, Dear Uncle Sam, but <i>first</i> I have I pay you and your employees somewhat exorbitant fees <i>not to steal my coins</i>... then when somebody <i>does</i>, you give me the runaround and refuse to honor the "protection money" I paid you for, thereby robbing me <i>twice</i>? It boils my britches. It's still a bitter memory 25 years later.</p><p><br /></p><p>Around the same time that happened, it was in the news that some full mailbags had been found in a river near the post office where I had shipped those coins from. Seems somebody wanted to make a shortcut on their route and didn't feel like delivering all that stuff. My outgoing coins were not in those bags- there was record of them reaching their destination in the Pacific NW. I think they were stolen by an unauthorized person who signed for them, or maybe my trading partner lied about receiving them. So maybe I was out of luck anyway. Maybe I naively overlooked something.</p><p><br /></p><p>I finally just gave up in disgust.</p><p><br /></p><p>Doubly annoying was the fact that there was a <i>US Postal</i> money order in the package with the coins (I was "trading up", you see), and though I had the receipt for that, I did not get a refund for it, either. Robbed again.</p><p><br /></p><p><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie79" alt=":rage:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie78" alt=":punch:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie20" alt=":banghead:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="lordmarcovan, post: 3572688, member: 10461"]I had a similar issue with one claim, years ago. They did not accept the (Krause) priceguide data I provided. I ended up eating the whole thing and taking a total loss. This was only on $170 worth of coins (and an accompanying money order), but at the time, that was a really big sum for me, and a very painful loss. I think if you insure a coin for a certain amount, you should receive [I]exactly that amount[/I] in the event of a proven claim. For the USPS to lose one's coin and [I]then[/I] quibble over the value of it adds insult to injury. Now, I know they have to be vigilant against insurance fraud and all that, but if a shipment is indeed lost, then they should pay up- for the [I]full coverage amount[/I] the customer paid for! Or deny the claim altogether, if there isn't enough evidence. I do not understand the half-measures and partial refund thing. I'm sorry, Dear Uncle Sam, but [I]first[/I] I have I pay you and your employees somewhat exorbitant fees [I]not to steal my coins[/I]... then when somebody [I]does[/I], you give me the runaround and refuse to honor the "protection money" I paid you for, thereby robbing me [I]twice[/I]? It boils my britches. It's still a bitter memory 25 years later. Around the same time that happened, it was in the news that some full mailbags had been found in a river near the post office where I had shipped those coins from. Seems somebody wanted to make a shortcut on their route and didn't feel like delivering all that stuff. My outgoing coins were not in those bags- there was record of them reaching their destination in the Pacific NW. I think they were stolen by an unauthorized person who signed for them, or maybe my trading partner lied about receiving them. So maybe I was out of luck anyway. Maybe I naively overlooked something. I finally just gave up in disgust. Doubly annoying was the fact that there was a [I]US Postal[/I] money order in the package with the coins (I was "trading up", you see), and though I had the receipt for that, I did not get a refund for it, either. Robbed again. :rage::punch::banghead:[/QUOTE]
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