APMEX sales

[n8dagr8345]

Hey- anyone who has sold their CRH finds to APMEX-
Were you able to use a flat rate box. I know they recommend the highest level of security, but would a flat rate box, with insurance and a tracking number satisfy them?
N8

 

[ArkieBassMan]

I haven't sold to them, but I would think you'd have to send it using certified mail.

 

[jrf30]

Hey Nate.

Certified is for things that are important but valueless, like checks or contracts. You'd have to send it insured. But a flat rate box can work. :-)

 

[Yinzi50]

You can put 21 rolls in a small flat rate box and put 5 or 6 small flat rate boxes in a medium box. Then insure the content and send the box as registered mail.

 

[baddbluff]

Are you referring to REGISTERED mail? This is the highest security shipping available. Registered mail items are signed for at each stage of shipping. It's how PCGS ships your graded coins back to you. It's not just for documents. And insurance is REQUIRED with it. You must state value of item and pay applicable fees. I have used flat rate shipping (insured) to send coins to PCGS (at my own risk), but they REQUIRE you to use Registered mail to return them (you prepay it). I'm not sure about APMEX tho. I would imagine they work the same way.

HH
BB

 

[Yinzi50]

Are you referring to REGISTERED mail? This is the highest security shipping available. Registered mail items are signed for at each stage of shipping. It's how PCGS ships your graded coins back to you. It's not just for documents. And insurance is REQUIRED with it. You must state value of item and pay applicable fees. I have used flat rate shipping (insured) to send coins to PCGS (at my own risk), but they REQUIRE you to use Registered mail to return them (you prepay it). I'm not sure about APMEX tho. I would imagine they work the same way.

HH
BB

Exactly. REGISTERED is absolutely a must. All postal workers know APMEX means. You are risking your coins if not REGISTERED.

 

[n8dagr8345]

Why would it need to be sent registered? If I send a flatrate box, and its insured up to 2500 and I keep the value under 2500 wouldnt that be sufficient?

N8

 

[conpewter]

I've read some scary stories as far as insured goes. Even if it is $2500 melt value they could just pay you face value, I hope to never have to try to collect on insurance from the post office. When I shipped expensive coins I used registered mail (and specified the value so I had the correct amount of insurance on it)

Long but scary thread about it on cointalk
http://www.cointalk.com/t186728/

 

[Yinzi50]

Why would it need to be sent registered? If I send a flatrate box, and its insured up to 2500 and I keep the value under 2500 wouldnt that be sufficient?

N8

You can if under $5000. In order to insure above $5000, you have to use Registered. However selling under $2500 to APMEX won't get a good rate. APMEX is good for large volume (>$500fv) sale.

 

[optix]

I have sold gold to apmex and they required me to send registered mail. See the problem is the following; if you send them the coins and do not follow their shipping instructions. Lets say in that week silver went from 30 dollars to 40 bucks an ounce and that box gets lost. They can potentially go after you for the 10 dollar difference because you did not use the most secure way to ship precious metals. Registered mail insured is probably going to be much cheaper than shipping via priority with insurance.

It is not worth taking the chance and if I was you I would follow their shipping instructions to the T.