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Originally Posted by Fred
Interesting topic - so... how much does it cost to insure a $25K card for shipment (please include the insurance cost of the carrier and private insurance premiums)? Lets stick with a private collector selling on ebay. What about a $100K and $1M card?
Things have gone rather crazy lately. An assumption is that some of these auction houses self-insure to reduce the cost. Is that a good assumption?
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I do registered for anything over $5k. For pricing reference, I sent a package that way about 3 weeks ago for $16k in declared (insured) value and it was around $55 to ship. Sure it took about 5-6 days longer than a normal package but I wasn’t worried about it being lost. I make sure the other party knows I’m shipping that way and to be prepared for the few extra days.