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<p>[QUOTE="iPen, post: 2066639, member: 69760"]I did read a previous thread about the USPS and not allowing cash to be insured, but collectibles are allowed. However, how about ShipCover, which seems to be the exclusive entity that insures eBay items (perhaps a part of eBay)? It doesn't explicitly state that collectible coins are allowed.</p><p><br /></p><p>From what I've read online so far, it sounds like ShipCover does not cover original shipping costs like USPS does. And, collectible coins do not look to be covered by ShipCover based on people's testimonials.</p><p><br /></p><p>So, eBay essentially provides insurance on coins and bullion that will not cover coins and bullion at all, just to add to their bottom dollar. It is highly misleading... even if the onus is on the buyer to actively go through the terms, conditions, exclusions, etc., since I bet eBay anticipates people to not look into it. However, there's a drop down menu to select between the two when checking out on eBay, although eBay's insurance is defaulted.</p><p><br /></p><p>[ATTACH=full]381808[/ATTACH] </p><p><br /></p><p>And, it looks like USPS insurance only covers $20 or less for coins UNLESS you mail it via Registered/Certified Mail with the appropriate insurance amount. So, if you mail a gold coin via Priority Mail with $2,000 insurance (actual value), you will only get a check for $20 or so! So, the cost of postage and insurance alone will be more than the value of the item for probably most coins sold and mailed.[/QUOTE]</p><p><br /></p>
[QUOTE="iPen, post: 2066639, member: 69760"]I did read a previous thread about the USPS and not allowing cash to be insured, but collectibles are allowed. However, how about ShipCover, which seems to be the exclusive entity that insures eBay items (perhaps a part of eBay)? It doesn't explicitly state that collectible coins are allowed. From what I've read online so far, it sounds like ShipCover does not cover original shipping costs like USPS does. And, collectible coins do not look to be covered by ShipCover based on people's testimonials. So, eBay essentially provides insurance on coins and bullion that will not cover coins and bullion at all, just to add to their bottom dollar. It is highly misleading... even if the onus is on the buyer to actively go through the terms, conditions, exclusions, etc., since I bet eBay anticipates people to not look into it. However, there's a drop down menu to select between the two when checking out on eBay, although eBay's insurance is defaulted. [ATTACH=full]381808[/ATTACH] And, it looks like USPS insurance only covers $20 or less for coins UNLESS you mail it via Registered/Certified Mail with the appropriate insurance amount. So, if you mail a gold coin via Priority Mail with $2,000 insurance (actual value), you will only get a check for $20 or so! So, the cost of postage and insurance alone will be more than the value of the item for probably most coins sold and mailed.[/QUOTE]
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