Always Follow This Golden Rule for Shipping Your Collectible Coins

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Shipping your valuable coins is hazardous. There ‘s a fortune that can happen between point ( a ) and point ( b-complex vitamin ). 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 role. That ‘s why there ‘s a golden principle to follow to make certain you’re not putting your collectibles at risk .

What ‘s this “ golden govern, ” you ask ?

It’s to always, always insure your collectible coin shipments. 

If you are selling and shipping collectible coins, you need to make certain you have the correct indemnity. many coin collectors or coin dealers ship their valuable coins through the United States Postal Service ( USPS ). They may purchase ship indemnity for the respect of their dispatch lone to find that when they have a call, they don ’ t have adequate coverage. When you read the fine print on the USPS insurance documents, it states that the USPS does not insure currentness at face measure. however, another section on the USPS agreement does indicate “ coins of numismatic value, ” or collectibles can be protected .

Ensure That You Properly Insure Your Coins

united states postal service documents clearly indicate a remainder in shipping money versus collectible coins. While collectible coins are purportedly covered by the insurance, the monetary value of getting that indemnity is a lot more expensive through the postal serve. The claims serve through USPS is besides known to take longer. It requires extensive software documentation as they conduct an in-depth probe to determine if the claim will be paid .

As an model, USPS Priority mail insurance at the cost of $ 2.05 per $ 50.01 to $ 100 of coverage with the maximum coverage total available being $ 5,000 for all Priority Mail or Express Priority Mail shipments .

extra indemnity rates for USPS Priority Mail are as follows .

  • $ 100.01 to $ 200 is $ 2.45 .
  • $ 200.01 to $ 300 is $ 4.60 .

The price per extra $ 100 of indemnity, valued over $ 300 up to $ 5,000, is $ 4.60 plus $ 0.90 per each $ 100 or fraction thereof .

The indemnity rates and limits have recently been updated on USPS.com. With Registered Mail, you can get the maximum security for valuable shipments up to $ 50,000. The cost of this policy begins at $ 12.40. indemnity combined with Registered Mail services through USPS offers the highest flat of security during transportation system .

If you ship through a private carrier such as UPS or FedEx, you might end up paying out even more for policy coverage than your particular collectible coin requires. This all depends on the declared measure of the dispatch .

FedEx Two Day charges nothing supernumerary for up to $ 100 of coverage. If your package contains items in value worth more than $ 100, figuring out the insurance rate will require some calculations using the declare value. To come up with the total total, you ’ ll need to add both the declared value cost and the ship cost. If you are unable to figure out the sum on your own, a representative from FedEx can help. ( Source )

UPS Ground besides takes care of policy coverage for packages that value up to $ 100. This is true for domestic and international shipments. They besides provide declared value coverage for an extra fee for packages with a value above $ 100. There are limits on the measure of policy you can purchase for UPS shipments. Those limits are presently $ 50,000 per box or $ 100,000 per pallet .

There are some types of packages that allow for higher limits up to a maximal declare value of $ 70,000. This all depends on the contents of the software. ( Source )

additionally, many people think they are completely covered by the insurance plainly because they paid for it, but this is merely not true. In specific scenarios the package is not covered. Here are some cases when you may not receive any money back:

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Things to Consider When Selecting a Shipper :

  • The carrier might not cover coins .
  • The mailman might not offer the full declared value coverage. They may cover lone price

  • The carrier will charge more for the insurance .
  • The carrier ’ s insurance claims handling action is challenging and complicated .
  • The carrier may only cover very specific and  limited scenarios of loss .

 

Consider These Aspects of Shipping Coins

When you are shipping state quarters, rare coins, proof sets, a coin minted, or valued metals, you need to make certain you have the right coverage ; never assume that you do. As a coin dealer or mint collector, you understand silver dollars and collectible coins can reach astronomic amounts. As an example, when you get prepared to ship valuable coins, you will be asked to express the prize. You might be able to declare the coin ’ s deserving to be $ 100,000, but that doesn ’ thyroxine mean the USPS has insured your dispatch for that sum .

Priority Mail will merely offer policy coverage on packages that are worth up to $ 5,000. For packages valued between $ 5,001 and $ 50,000, you must use USPS Registered Mail alternatively. Doing sol will insure the box for the full measure. Plus, it will besides be kept disjoined from even chain mail and must be signed for each dance step of the way until it is picked up by the recipient role at their local position position. ( American Gold Exchange )

When you ship collector ’ randomness coins through Registered Mail, you need to find out the value of the coins. By using USPS Registered Mail services, the monetary value is determined by a reputable coin dealer or other resources such as newsletters or trade wind papers. The decision of the fair commercialize measure should be updated prior to the transport date. ( USPS.com )

The policy rates and limits have recently been updated on USPS.com. With Registered Mail, you can get the utmost security for valuable shipments up to $ 50,000. The cost of this policy begins at $ 12.40. indemnity combined with Registered Mail services through USPS offers the highest level of security during transportation system .

many coin shippers fail to read the all right print and never realize that if their coins are lost, their claim may not be paid in its entirety .

This is the reason for the coin shippers ’ golden principle : Always insure it!

This is where Cabrella enters the picture .

Make Sure You Have the Right Insurance 

To make certain your valuable coins are protected should they be misplaced, destroyed, or stolen, you need numismatic and jewelry ship policy from an mugwump third-party. Third-party companies, like Cabrella, are disjoined from the delivery service providers, such as FedEx, UPS, or USPS. They provide the coverage that you need when you ship collectible coins anywhere in the world .

Cabrella has been providing clients with the customizable transportation indemnity coverage they need for over 7 years. Cabrella ’ s shipping indemnity software allows customers to manage all their packages in one spot. Packages can be promptly registered for shipping policy. You can check for real-time tracking updates, view transaction information, and if necessary, file a paperless claim because of a damaged, destroyed, lost, or stolen software .

One of the chief benefits of insuring your cargo of collectible coins with Cabrella is that you get adequate coverage. You can rest assured that you have successfully covered the full value of your coin cargo. Coins are pieces of history, and many of these pieces are identical rare and sometimes irreplaceable. Don ’ thyroxine put your assets at stake. alternatively, purchase the coverage that you need from Cabrella .

How does Cabrella stand out?

  • You can get higher coverage limits – up to $150,000.
  • Insures nearly any carrier, including USPS international shipments.
  • Insures international shipments to over 180 countries.
  • Discounted pricing of as much as 90% less than common carriers.
  • Fast and simple tracking.
  • Easy package registration.
  • Ease of purchasing insurance coverage through a user-friendly software.
  • Fast, paperless claims filing, professional claims handling and adjustments.

If you are shipping collectible coins, Cabrella Shipping Insurance Intelligence and their ship indemnity software makes the march elementary and firm. Offering shipping policy solutions for all kinds of businesses, including mint sellers and collectors, Cabrella takes coin policy a mistreat further than the basic offerings of couriers and delivery companies .
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Click the link below for a quick quote to see how much Cabrella can save you. You can besides call us at (844) 422-2735. Our indemnity specialists will be glad to answer any questions you may have about our custom-make ship indemnity.

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