Nugget Shooter Members
1,655 posts
Gender:Male
Posted 28 June 2014 - 02:30 PM
So,
I sold some gold on eBay. Buyer pays, and I ship it out priority & insured in the amount of the bullions purchase price. ( just like I always do)
Package never makes it to the door of the buyer. Tracked progress shows it was in the truck and out for delivery. Final word was that " delivery status not updated" package is lost....
No problem right ! I`m insured !
I give the guy his money back for the purchase price of 13 grams of gold.
Domestic Claim filed with USPS....
30 days later USPS sends me a $ 20.80 check and says the " maximum indemnity for negotiable items( currency or bullion ) is 15.00 " .....
So after it was all said and done, they paid me 15 bucks plus the 5.80 I paid for the priority mail.
So I`m out the $500.00 and the missing Gold, and the extra I paid for the insurance
Point is to all you out there, USPS does not insure bullion, Unless you ship it registered mail I guess.
Just a headsup as we work our butts off to recover the gold and to lose it this way is horrendous. Some employee sees boullion on the insurance label and viola instant disappearing act sic sic sic world-John