$ 100K+ Cards Insured thru the Mail ???

[insidethewrapper]

Just curious, I will never own a $ 100K + card, but how is a card valued in this price range delivered to the winning bidders ? USPS,UPS, FEDEX etc. ? Is it insured for the full amount ?

[CuriousGeorge]

Ask Josh at Lelands

[mechanicalman]

It will likely be overnighted via FedEx or USPS to comply with the umbrella insurance policy which covers the risk.

[buymycards]

USPS overnight mail can only be insured for $5000. I would want the item to be mailed as Registered Mail, which can cover the full $100k if you pay the fees. Registered Mail is slower, but it is reliable. Many jewelers use Registered Mail to ship large amounts of jewelry and the Postal Service uses Registered Mail to send in their nightly cash deposits.

[bnorth]

Originally Posted by buymycards

USPS overnight mail can only be insured for $5000. I would want the item to be mailed as Registered Mail, which can cover the full $100k if you pay the fees. Registered Mail is slower, but it is reliable. Many jewelers use Registered Mail to ship large amounts of jewelry and the Postal Service uses Registered Mail to send in their nightly cash deposits.

I have used registered mail. It always gets there but it could be 3 days or 3 weeks.

[Goudey77]

did you say UPS? brutal....

[swarmee]

Is FEDEX the one that caps insurance payouts for collectibles at only $1,000 no matter how much you actually pay?

[Bicem]

Originally Posted by mechanicalman

It will likely be overnighted via FedEx or USPS to comply with the umbrella insurance policy which covers the risk.

This.

AH's private insurance policy covers, they just need to ship via however the policy requires for safety/tracking reasons. No insurance needed through the actual shipper, so their limits are a moot point.

[Leon]

Originally Posted by Bicem

This.

AH's private insurance policy covers, they just need to ship via however the policy requires for safety/tracking reasons. No insurance needed through the actual shipper, so their limits are a moot point.

This is true. Insurance carriers (such as Collectibles Insurance) require certain methods of delivery to conform to their policy.
I have shipped a 6 figure card or two. I think I just did USPS overnight and crossed my fingers. It did work out. The safest way, as mentioned, is USPS Registered mail. I have received a 6 figure card that way. Except for it taking 8-9 days it was fine. Another time or two I have delivered high priced cards out of state, myself.

[BeanTown]

Only exception to AHs are Huggins and Scott. They do all their customers a favor and charge them actual cost of the UPS/FedEx insured declared value of the item won.

[highgradelegends]

Originally Posted by insidethewrapper

Just curious, I will never own a $ 100K + card, but how is a card valued in this price range delivered to the winning bidders ? USPS,UPS, FEDEX etc. ? Is it insured for the full amount ?

I sold a 3 x different cards, all in a single lot, totaling $75k value. I paid for a commercial airline ticket (~$300) to the buyer's location, kept the cards on me, and hand delivered them to the buyer (met at a bank). Worked well. Did not have to sweat USPS or any major delivery service SNAFU.

[Oscar_Stanage]

I have private insurance with CIS that covers my shipping risk. the policy specifically states that I need to ship with signature and explicitly states I am not covered with UPS.

why do the auction house's use UPS? I assume they have insurance that does cover UPS shipping? I've had a minor issue with a UPS delivery so I am wondering what happens if I never receive it- I am not covered by CIS, and the auction house sent via UPS.

[Leon]

Originally Posted by Wid_Conroy

I have private insurance with CIS that covers my shipping risk. the policy specifically states that I need to ship with signature and explicitly states I am not covered with UPS.

why do the auction house's use UPS? I assume they have insurance that does cover UPS shipping? I've had a minor issue with a UPS delivery so I am wondering what happens if I never receive it- I am not covered by CIS, and the auction house sent via UPS.

It is the auction companies insurance that should pay, not yours. I don't care how they ship to me. It's on them.
.

[Oscar_Stanage]

Originally Posted by Leon

It is the auction companies insurance that should pay, not yours. I don't care how they ship to me. It's on them.
.

Thank you Leon. Curios how the auction houses arrive on choosing to ship with UPS when the industry leader explicitly will not cover UPS shipping !

They ship a hell of a lot more value than I ever will

[t206kid]

USPS overnight mail is better than registered bc you minimize the time USPS has control over the item. For this amount you MUST have private insurance (which will typically favor overnight over registered for this reason). If people are suggesting paying for 100k insurance with registered mail this is a guaranteed -ev play.