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<p>[QUOTE="dougsmit, post: 3470771, member: 19463"]I'm glad Ken pointed this out because it relieves a bit of my fears triggered whenever someone offers something for nothing. Certainly I agree that This has appeal if I were sending money to Valentinian or one of the others here that I have known for 30 years. This makes me think of the situation with Postal insurance. When we Register or insure a package containing a coin, we are betting this extra amount that the package will be lost or stolen. If I am sending a coin to Valentinian, the person I do not trust is some postal worker, not Valentinian. If we spend 5% on insurance we are betting that they will lose one package in 20. We each have to decide when we can not assume the risk because the package is too valuable but my personal experience is an insured parcel with a declared value of $500 is a lot more likely to go missing than the birthday card you plan to send me containing a $500 coin wrapped in tissue so you can't feel the coin (may work better for obols than Aes Grave). My most recent parcel from a self insuring seller contained $700 worth of coins, arrived in 3 days and had a return address that suggested the contents was not worth stealing. At what point do we each feel it necessary to buy postal insurance? Try to collect on a loss and see if your answer changes. In 2016, Paypal caused me to get three refunds for coins not received. Since then I have lost none. I don't know when I will decide they are not worth their costs.[/QUOTE]</p><p><br /></p>
[QUOTE="dougsmit, post: 3470771, member: 19463"]I'm glad Ken pointed this out because it relieves a bit of my fears triggered whenever someone offers something for nothing. Certainly I agree that This has appeal if I were sending money to Valentinian or one of the others here that I have known for 30 years. This makes me think of the situation with Postal insurance. When we Register or insure a package containing a coin, we are betting this extra amount that the package will be lost or stolen. If I am sending a coin to Valentinian, the person I do not trust is some postal worker, not Valentinian. If we spend 5% on insurance we are betting that they will lose one package in 20. We each have to decide when we can not assume the risk because the package is too valuable but my personal experience is an insured parcel with a declared value of $500 is a lot more likely to go missing than the birthday card you plan to send me containing a $500 coin wrapped in tissue so you can't feel the coin (may work better for obols than Aes Grave). My most recent parcel from a self insuring seller contained $700 worth of coins, arrived in 3 days and had a return address that suggested the contents was not worth stealing. At what point do we each feel it necessary to buy postal insurance? Try to collect on a loss and see if your answer changes. In 2016, Paypal caused me to get three refunds for coins not received. Since then I have lost none. I don't know when I will decide they are not worth their costs.[/QUOTE]
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