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<p>[QUOTE=&quot;GDJMSP, post: 1415886, member: 112&quot;]I agree with both things. Problem is, the people who work at the Post Office don&#039;t understand or know how to interpret their own regulations. Of course the same thing goes for the customers who are mailing and insuring coins. And THAT is the issue.</p><p><br /></p><p>You can have all the regulations in the world, but if you do not know how to correctly interpret those regulations and understand what they really mean - then things become one big mess.</p><p>&nbsp;</p><p><br /></p><p><br /></p><p>No, it doesn&#039;t mean that, but there are there are times when it can mean that. It depends in the situation and the actual facts and circumstances of each individual instance.</p><p><br /></p><p>Examples - I bought a coin from a dealer via his web page. Paid for the coin, paid for shipping and insurance. After a period of time the coin never arrived. I waited the requisite 30 days and had the shipper file an insurance claim. That right there is something most people don&#039;t understand. It is the shipper, the person who mailed the package that has to file the claim, not the person who was to receive the package. But once the claim is filed, then the receiver has to fill out forms as well. </p><p><br /></p><p>Anyway, the item, the coin was accurately described in the paper work, the value was stated (what I paid for it), and the claim was paid. They, the Post Office, mailed me a check.</p><p><br /></p><p>However, there are other scenarios where a claim would not be paid. But instead you would be refunded the cost of the insurance. Say you as a collector have a raw coin that you got out of a roll or found in change. You have no receipt for that coin if you found it in change or out of a roll. But you think the coin the coin is an MS69, or some valuable variety, so you send it to one of the TPGs to have it graded. If you are right and the coin is graded as MS69, or attributed as the variety, then it would indeed be worth X number of dollars and you insure it for such.</p><p><br /></p><p>But on the way your package gets lost, it never gets to the TPG. So after the 30 days you file a claim. In the claim you have to describe the coin. You say it&#039;s a 1969 Lincoln sent MS69, or some DDO or DDR - whatever. And maybe it even is. </p><p><br /></p><p>But the Post Office doesn&#039;t know it is, and you can&#039;t prove that it is/was. You have no receipt showing how much you paid for the coin. You have nothing to prove what the coin was except your word. Well, the Post Office is not going to take your word, they would be fools if they did. And they will not pay the claim. You will get your insurance fees refunded and that&#039;s it.[/QUOTE]</p><p><br /></p>

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