Shipping Cost for a $3,000 item.

Question

Should I send a #3,000-dollar item by registered mail or will eBay cover the item if lost in mail?

mr_lincoln · Answer

Hi @thorn047

In addition to what @glorybells has provided I would recommend shipping that expensive coin in a small box and print that label through eBay so tracking is automatically uploaded to the sold item for your protection. On sales over $ 750 you need to add Signature confirmation, again, for your own protection.

Since your account is a low activity one and any sales over $ 1,000 your funds will be held for 30 days. In the event of a return claim that the item is not as described you will be forced to pay for a return shipping label and will have to refund the Buyer within 2 days or eBay can be asked to step in and force the refund. The refund will come out of your own pocket (the back up payment method on your account). Eventually the funds on hold will be released to you.

Just so you know, your No returns accepted policy is meaningless for numerous return reasons that eBay provides for Buyers. Many Sellers think wrongly that they are protected against a return when using that setting.

While we certainly hope your transaction goes through perfectly and you eventually get the money for the sale there is a chance that things could go sideways.

comics-scifi-collectibles · Answer

@thorn047 . Adding to @glorybells excellent advice... I personally would ship the coin registered mail. You do have to also pay USPS for the insurance. Then be sure to add the tracking number to the sold listing right away.

glorybells · Answer

eBay will cover NOTHING if something is lost in the mail. Theyâ€™ll expect you to refund the buyer on your own, and quickly.*

You need to thoroughly insure it with USPS. But, you also should be aware that the buyer could claim that you sent a different item, and you could end up with no item and no money.

*The one exception is if this is an international sale through EIS. In that case, once the item reaches the hub, anything that happens after that is on eBay.