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<p>[QUOTE=&quot;Registered Mail, post: 759602, member: 21936&quot;]<b>Reply to Value Declaration</b></p><p><br /></p><p><font face="Comic Sans MS"><font size="3"><span style="color: blue">To answer your question regarding value declarations, we only need to look at Domestic Mail Manual (DMM) section 2.3.1 and the key words ‘Market Value or Cost”. Just because something was bought several years ago at a reduced cost, doesn’t mean that is what the current value is. Whatever the current Market Value, or Cost is at the time of mailing, that is what must be declared, and the appropriate Registered Mail fees for that value must be paid, regardless if the customer wants insurance or not, the insurance is automatic and everything above $25,000 in value is a handling fee.</span></font></font></p><p>&nbsp;</p><p><font face="Comic Sans MS"><font size="3"><span style="color: blue">If you hired an Armored Car company to move a shipment of $10,000,000 in currency from New York to Anchorage Alaska, they would charge you based on the value, so sending $10,000 in cash to Alaska would be less than sending $10,000,000. Registered Mail is kind of the same, certain values are handled differently than other values, so appropriate handling fees must be paid. </span></font></font></p><p><br /></p><p><font face="Comic Sans MS"><font size="3"><span style="color: blue">You also mentioned the theft of a Registered Mail piece. With a compliment of over 750,000 Postal employees nationwide at one time, there is bound to be an employee in that group that would try to steal valuables. You may remember the Postal employee in Phoenix Arizona who stole over $3,000,000 worth of Registered Mail articles back in August of 2001. That employee was on his way to Canada when he was caught by the Postal Inspection Service in the Seattle area, he was stopping at Indian Reservation Casinos on his way and got caught, so theft can happen, but it’s extremely unlikely. See the story below if you are interested:</span></font></font></p><p>&nbsp;</p><p><a href="http://community.seattletimes.nwsource.com/archive/?date=20010818&amp;slug=postal18m" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://community.seattletimes.nwsource.com/archive/?date=20010818&amp;slug=postal18m" rel="nofollow"><u><span style="color: red">http://community.seattletimes.nwsource.com/archive/?date=20010818&amp;slug=postal18m</span></u></a>[/QUOTE]</p><p><br /></p>

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