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<p>[QUOTE="afantiques, post: 2026250, member: 71234"]It would seem that the expense could be lowered considerably if the graders used a commercial transit insurance company and sent regular mail, and the submitters sent by regular mail using transit insurance, at least for coins under $500 per package.</p><p><br /></p><p>$12 you'd pay for registered would instead cover $1500 worth of coins against loss with regular mail and insurance. The maximum indemnity with registered is very small unless insurance is extended at the way above market rates that USPS uses.</p><p>The amount that is being paid for risk cover vastly exceeds the risk unless the consignment is a couple of thousand dollars worth.</p><p><br /></p><p>Obviously the graders don't return coins with their commercial name on the package, or do they? This seems to be asking for trouble when a plain envelope or package is the obvious security choice, with the return address some PO Box.</p><p>And surely submissions should also be sent to some PO BOX instead of a coin grading company.</p><p><br /></p><p>This last part is just theorising, I have no idea how it is actually done.</p><p><br /></p><p>Transit insurers do cover coins as 'Numismatic material' even if the exclude coins as plain old money from coverage.[/QUOTE]</p><p><br /></p>
[QUOTE="afantiques, post: 2026250, member: 71234"]It would seem that the expense could be lowered considerably if the graders used a commercial transit insurance company and sent regular mail, and the submitters sent by regular mail using transit insurance, at least for coins under $500 per package. $12 you'd pay for registered would instead cover $1500 worth of coins against loss with regular mail and insurance. The maximum indemnity with registered is very small unless insurance is extended at the way above market rates that USPS uses. The amount that is being paid for risk cover vastly exceeds the risk unless the consignment is a couple of thousand dollars worth. Obviously the graders don't return coins with their commercial name on the package, or do they? This seems to be asking for trouble when a plain envelope or package is the obvious security choice, with the return address some PO Box. And surely submissions should also be sent to some PO BOX instead of a coin grading company. This last part is just theorising, I have no idea how it is actually done. Transit insurers do cover coins as 'Numismatic material' even if the exclude coins as plain old money from coverage.[/QUOTE]
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