You can declare any amount you want on the shipping form but the paperwork requirements to support a claim can be cumbersome.Date: 2/9/2007 3:24:40 PM
And if they lose it, you must be able to prove the value of it. Therefore, do not send all of your paperwork with the stone or ring, without keeping a backup copy in your possession.
A recent invoice involving the same item where the declared value is identical to the transaction price is perfect. The problem I"ve seen comes with dealers, who ship this way a lot, who may have owned it for quite a while, who may not own it at all or who may not have an easy paper trail because it was purchased as a trade in or some similar non-cash transaction.Date: 2/9/2007 5:08:45 PM
I have the invoice from GOG that shows the value, which is actually more than the 25K I insured it for when I sent is registered mail.
It was mailed only a month after I purchased the loose stone, so it didn't change in value over time.
That won't be enough documentation in my case?
You must be refering to people who overstate the value, lost the receipt, or bought it years ago. Right?
Haha, nice to see you back here Nicrez!!!! Have missed your posts!!Date: 2/9/2007 11:06:33 PM
Hi Lorelei! I didn''t think anyone remembered I even used to post here. It''s been quite some time....THanks again for the help guys! That''s what makes PS great!
Neil, you hit the topic on the head. It WAS registered I believe. Reason is it is a high value item that is already insured. the whole prospect of WEEKS is not so good. Shipping from NY to CO via armored would be next day, but you may be looking at $500, versus how much registered mail may be...and that''s with your OWN insurance I believe...
, (I Love your screen name by the way!): Items that are over $25K usually are safer being shipped via Brinks, Malca-Amit, Ferrari and other various high value transport. Consider that the dealers and buyers on 47th will not ship ONE stoen at a time. They may ship MANY, so the values of the entire parcel will be in the hundred of thousands to millions... so a little stones here and there in the US Postal System is fine, but for more secure things, as the 16ct stones, or the Van Cleef 39Ct necklace, you will have to get an armored delivery. Also consider, these people would risk their lives on the streets of NY to walk over an item to CT, via train. Sure the common layman would do it, but after all these items might already be insured (and I hope at higher values they ARE), so being KNOWN in the business, and walking around with a tempting package is DANGEROUS.
And Blue Nile using armored cars services for deliveries is not at all uncommon, considering their items not per individual price, but in aggregate value.
My new business model would include homing pidgeons. Tie a little velvet sack to their leg and set them toward the destination with a little GPS locator (to track their progress for the technology dependant). Might work and it''s as cheap as feeding a pidgeon!