5/28/2023 0 Comments Rare coins worth moneyThose limits are currently $50,000 per package or $100,000 per pallet. There are limits on the amount of insurance you can purchase for UPS shipments. They also provide declared value coverage for an additional fee for packages with a value above $100. This is true for domestic and international shipments. UPS Ground also takes care of insurance coverage for packages that value up to $100. If you are unable to figure out the total on your own, a representative from FedEx can help. To come up with the total amount, you’ll need to add both the declared value cost and the shipping cost. If your package contains items in value worth more than $100, figuring out the insurance rate will require some calculations using the declared value. This all depends on the declared value of the shipment.įedEx Two Day charges nothing extra for up to $100 of coverage. If you ship through a private carrier such as UPS or FedEx, you might end up paying out even more for insurance coverage than your specific collectible coin requires. Insurance combined with Registered Mail services through USPS offers the highest level of security during transit. The cost of this insurance begins at $12.40. With Registered Mail, you can get the maximum security for valuable shipments up to $50,000. The insurance rates and limits have recently been updated on. The price per additional $100 of insurance, valued over $300 up to $5,000, is $4.60 plus $0.90 per each $100 or fraction thereof. It requires extensive documentation as they conduct an in-depth investigation to determine if the claim will be paid.Īs an example, USPS Priority mail insurance at the cost of $2.05 per $50.01 to $100 of coverage with the maximum coverage amount available being $5,000 for all Priority Mail or Express Priority Mail shipments.Īdditional insurance rates for USPS Priority Mail are as follows. The claims process through USPS is also known to take longer. While collectible coins are supposedly covered by the insurance, the cost of getting that insurance is much more expensive through the postal service. USPS documents clearly indicate a difference in shipping money versus collectible coins. However, another section on the USPS agreement does indicate “coins of numismatic value,” or collectibles can be protected.Įnsure That You Properly Insure Your Coins When you read the fine print on the USPS insurance documents, it states that the USPS does not insure currency at face value. They may purchase shipping insurance for the value of their shipment only to find that when they have a claim, they don’t have adequate coverage. Many coin collectors or coin dealers ship their valuable coins through the United States Postal Service (USPS). If you are selling and shipping collectible coins, you need to make sure you have the right insurance. It's to always, always insure your collectible coin shipments. That's why there's a golden rule to follow to make sure you're not putting your collectibles at risk. There's a lot that can happen between point (a) and point (b). Rare coins or coins of historical significance, such as gold coins, silver coins, or walking liberty half dollars can be lost in transit or stolen before delivery to the recipient.
0 Comments
Leave a Reply. |