USPS Insurance Decsion Help

[hotdogwithmustard28]

I am very torn about whether I should buy USPS insurance for a package. The value I sold it for is $1150 its a coin. Now about insurance, I am well aware no insurance company customer friendly and USPS will use any thing to deny a claim. I am sending my package priorty, but insurance will cost $20 which is a lot in a time of uncertainty and to a college student. I personally think its $20 down the garbage because I have rarley have had expierence with lost packages, the few I have had I have been able to recover after hours on the phone, but I currently only have college, so I have time. I am also sending it prioty which is a high grade shipping and I rarley ever ship priorty. Does anybody have any advice.

[dbfolks166mt]

This is like gambling and depends on how much of a risk taker you are. Good decision on sending priority mail that gets you some insurance, eBay already has a requirement for signature receipt since the item is over $750 dollars. Personally if it was me give the current postal issues, scamming and theft taking place I for one would spend the $20 which I can afford to loose to cover the 1.1K which I could not afford to loose. 

[rebell45]

Please read USPS' Insurance policies. Some types of coins are not covered. Same with Shipcover. 

[simba6]

Fedex or UPS express will cost more but would be safer.  Then there is the risk of scammers.  A not as described case could be filed and anything sent back.  Never sell an item you can't afford to lose.    I once sold a violin for a bit over that.  No problems. Only UPS would insure if for the full amount. It was over 230 years old. I never would take such a chance now.

[glorybells]

Also be aware that since the sale amount is over $1000, your payment will be held for 21 days.

[dbfolks166mt]

I would have to strongly agree with you on today's environment. The scamming as become so rampant and condoned by eBay these days I would never list a coin worth that much on eBay these days. The MBG and the ease at which buyers can file INAD cases, get their refunds and send back empty boxes or a box full of rocks is just to easy to pull off especially for overseas buyers where there is virtually 0 chance of even legal recourse. 

[1tuna]

if it were my coin I would ship 1st class in a box with a signature insured for 300,priority shipping is a waste of money for coins I think.as long as you are shipping in the USA there is low risk of anything happening

[fab_finds4u]

USPS First Class Registered Mail is how I would send it. Everyone that touches it has to sign for it.  Make sure it's wrapped well and in a padded envelope so the coin isn't pushed out of the envelope by the machinery.