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<p>[QUOTE="Conder101, post: 1856463, member: 66"]This is NOT correct. The USPS regs clearly state that they will honor a claim for the numismatic value of collectible coins. (You may just have to tell them the specific part of the regs)</p><p><br /></p><p>Sec 609 Claims</p><p>4.1 Payable claims</p><p>g. For stamps and coins of philatelic or numismatic value; the fair market value is determined by a recognized stamp or coin dealer or current coin and stamp collectors’ newsletters and trade papers. The date of the fair market value determination must be current and prior to the mailing date.</p><p><br /></p><p><br /></p><p>As mentioned above coins sent by Registered mail ARE covered and can be insured up to $25,000 (any other class has a maximum insurance value of $5,000). HOWEVER, once a Registered mail package leaves the US, the MAXIMUM reimbursement drops to $49. So sending a $3,000 coin to Canada will be covered for $3,000 until it enters Canada, then it is only covered for $49.</p><p><br /></p><p><br /></p><p>They are trying to get you with</p><p>Sec 609</p><p>4.1 Payable claims</p><p>o. Except for Registered Mail, the maximum indemnity for negotiable items(defined as instruments that can be converted to cash without resort to forgery), currency, or bullion, is $15.00.</p><p><br /></p><p>But point out to them that Registered mail is exempt from that restriction. it should be payable for the difference between the value of the damaged set and the undamaged set, or the full value and they keep the damaged set. </p><p><br /></p><p>Use q on them</p><p>q For collectible items, a sales receipt, invoice or bill of sale, or statement of value from a reputable dealer must be provided as described in 3.2a</p><p><br /></p><p>3.2 proof of value</p><p>a Sales receipt, invoice or bill of sale, or statement of value from a reputable dealer.</p><p><br /></p><p>Since the set is a collectible item, if you can provide proof of value then they may honor the claim. However, you may get hit with the $49 maximum payout for Registered mail because it left the country.</p><p><br /></p><p><br /></p><p>Odd, at the ANA in Chicago last year they did a presentation and at that they said it was open to anyone and made no mention of having to join NACA.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1856463, member: 66"]This is NOT correct. The USPS regs clearly state that they will honor a claim for the numismatic value of collectible coins. (You may just have to tell them the specific part of the regs) Sec 609 Claims 4.1 Payable claims g. For stamps and coins of philatelic or numismatic value; the fair market value is determined by a recognized stamp or coin dealer or current coin and stamp collectors’ newsletters and trade papers. The date of the fair market value determination must be current and prior to the mailing date. As mentioned above coins sent by Registered mail ARE covered and can be insured up to $25,000 (any other class has a maximum insurance value of $5,000). HOWEVER, once a Registered mail package leaves the US, the MAXIMUM reimbursement drops to $49. So sending a $3,000 coin to Canada will be covered for $3,000 until it enters Canada, then it is only covered for $49. They are trying to get you with Sec 609 4.1 Payable claims o. Except for Registered Mail, the maximum indemnity for negotiable items(defined as instruments that can be converted to cash without resort to forgery), currency, or bullion, is $15.00. But point out to them that Registered mail is exempt from that restriction. it should be payable for the difference between the value of the damaged set and the undamaged set, or the full value and they keep the damaged set. Use q on them q For collectible items, a sales receipt, invoice or bill of sale, or statement of value from a reputable dealer must be provided as described in 3.2a 3.2 proof of value a Sales receipt, invoice or bill of sale, or statement of value from a reputable dealer. Since the set is a collectible item, if you can provide proof of value then they may honor the claim. However, you may get hit with the $49 maximum payout for Registered mail because it left the country. Odd, at the ANA in Chicago last year they did a presentation and at that they said it was open to anyone and made no mention of having to join NACA.[/QUOTE]
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