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About Siah

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    Just got here

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    Numismatics, History, Space, Time, Technology

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  1. Siah

    Insuring Your Coins & Collectibles

    They're actually a smaller company based out of MI from what I believe. I suppose that's why they have provided such exceptional customer service thus far. Additionally, also likely why the policy I was able to set up for my collection is perfect for what I need. I really like the 1% increase on coverage per month to make room for appreciation/new coins. My agent did most of the hard work in searching for a quality company that understood collecting, so the credit goes to her. Most of the companies she encountered would only insure gold/silver bullion by weight. It's a stand-alone policy (not added on to homeowners or anything), which is why I believe the premium is so good. The company she was able to get me a policy with insures the full value of collectible coins by nature. Honestly, I couldn't be happier and my premium is nothing compared to my collection value. If you find yourself interested, let me know and I'll shoot you her contact info. I'm sure she can fill you in on the details and you can always decide from there, as I know every collection is different.
  2. My intention in writing this entry is not to come across as an advertisement because that is my last intention (you can check out my registry sets right here on the site). In all honesty, I want to share the following information for fellow collectors who find themselves in the exact position I was in merely a month ago. In saying that, over the years, my collection has grown to be quite valuable. I take pride in the work I have put into my collection, as I have dedicated years of my life to the hobby. As time progressed, I started thinking more and more about protecting my collection. I do not necessarily see my collection as an investment since I collect for sheer love of the hobby, but I knew it would have been naive to not at least attempt seeking some type of insurance that went beyond just a safe. This leads me to my ultimate topic I wish to discuss. Currently, all my coins are housed in pretty sturdy safes; nevertheless, a safe only goes so far. A good friend of mine is in the insurance industry here in Colorado so I thought I would approach her about what options I might have in insuring my collection. She took on the task and spent a great deal of time and work trying to find a company that would take on the risk and provide a policy that would insure the full value of my collection. Eventually, she found a great company that specializes in insuring coins. So, what are some of the specs that go along with such? Well, for those of you that find yourselves in the position I was in, I have proof-of-purchase for the majority of all my coin purchases, an inventory list, they're housed in safes and I was able to come up with a ball-park estimate of the collection's value. With these details alone, my friend was able to get me a great policy. They insured my entire collection for its full value. A few perks included in the plan is coins that are shipped for grading are automatically covered under the policy. Additionally, the plan includes a 1% increase every month for the total value of the collection which allows for the appreciation of my coins and the addition of new coins (if I were to get a really expensive piece, I could always change the total value of my policy beyond the 1% that's already included). If I were to ever experience a loss (theft, fire, flood, etc.), the company would cut me a check for the value of the coins lost. The one caveat in all this is she is licensed in Colorado. As a result of this, if you're interested in insuring your collection, you would need to either be a resident or living in the state of Colorado. Nevertheless, once the plan went into effect, it was almost as though I felt a weight lifted off my shoulders. I am aware that every coin is unique and could never be replaced, even with a check. However, knowing they're now insured really gives me a sense of security and pride. I was shocked by how low the annual premium was and how understanding the numismatic insurance company was regarding the hobby, in general. So, if any of you are either living in or a resident of Colorado and are interested in insuring your collection, shoot me an email and I will provide the contact information for my agent. She's talented, smart and looks out for the best interest of her clients while focusing on finding them the most affordable plan that meets their standards and goals for a collecting policy. If you don't like it, there's no pressure to commit. Nonetheless, if you're interested to simply know what's out there regarding the options of insuring your collection, I highly suggest you give her a ring. I have found, especially in this hobby, being informed goes a long way.
  3. - ArmyBud & Conder101: That's good to know, I will definitely look into that on higher valued purchases. Sadly, they don't come that often! - TJ's Coins: I never really considered detective work... just a numismatic nut and hold a passion for astronomy/astrobiology/astrophysics. I'm not sure detective work would fit into the equation as cool as it sounds. In the situation of the coin, I was kind of forced into it and my persistence is what led me to the prize... that and a bit of luck thanks for the suggestion, though! - Kamakazy: I was not aware of any of what you mentioned. I will definitely take that into consideration. I know a few things about the legal system but not nearly enough to be dangerous. I will definitely get in touch with the people you suggested. If you don't mind, I'll send you a PM if I have any further questions. Thanks, again!
  4. Six Mile Rick, Thanks for the info on RWB, I'll definitely contact him. Thanks for the words of wisdom and advice! As for the package that went missing for you... all I can say is ouch. That must have stung if they truly were all FS. In the case of my Peso, I paid for signature confirmation, it should have been included but the seller simply didn't purchase it like he was supposed to. You are right, registered mail is the safest, but I usually only use it on bigger purchases (when the option is available) just because it can get pricey. When I send in submissions to NGC, they always use registered mail as a means of return-delivery. Either way, thanks again for all your kind words, Rick. Maybe those nickels will one day turn up... you never know!
  5. - Zebo: In Colorado at pawn and collectibles shops, the law states the following: "Colorado State Law for pawn trading: For you, it means you can’t do any business with a pawnbroker unless you have a government-issued picture ID (like a driver’s license) and you must give a fingerprint and have a photograph taken upon your first sale to the establishment." -- in my case, the shop owner neither got a fingerprint or took a photo of the person selling the coin. - coin928: Thanks for the heads up, I'll definitely look at what you have available. Any MS 1903 US-PHIL coins, by chance? I'm definitely always looking to upgrade my 1903 proof set; it currently has a ranking of #4. However, I've been attempting to put together a matching-grade 1903 mint-set. I still need quite a few examples to complete the set. Thanks for your kind words! - RWB: Thanks a bunch for the compliment. I had a fully edited version but for some reason it has not updated on the actual post. I'm not entirely sure why as I'm fairly new to the "journal" section. Does anyone know why after editing it would not have updated to the post? The one I'm seeing above is the original and I have edited several times since then. - WalkerFan: Many thanks, it was definitely a tough pursuit but it led to success! You're absolutely right in terms of not giving up. In this situation, that was most certainly the case and it paid off - Kaiser14:I completely agree. However, the month that it took felt like a year during the time. Every day that passed felt like a life-time and during the process, I never knew if I'd be able to find it. Once I finally did, it was still a struggle to even get it back. You're right when you mention dealer's putting "coin" or other related words on their return addresses. Even when the package is in transit it's susceptible to theft. What's worse, is the seller didn't include signature confirmation, even though I paid for it. So, that was on the seller. However, he was actually really helpful during the process. Nonetheless, had that small feature been included, none of this probably would have ever happened.
  6. Six Mile Rick - Thanks, I don't think I could have been happier the day I got it back!
  7. The "King of All Kings" I called it in my two year search to obtain and afford one. An NGC PF-63 "1903 US-PHIL Peso Proof" stolen from my mailbox. A month of excessive work on my behalf with the addition of a police investigation was soon to follow... An NGC PF-63 "1903 US-PHIL Peso Proof" was originally stolen from my mailbox on 9/25/14, just three days after my birthday which I had finally obtained as a gift to myself and as the most difficult piece to-date in my US-PHIL collection. I'm a recent under-grad and having a large budget is far from the case. A month of excessive work on my behalf with the addition of a police investigation was soon to follow. After failing to locate the coin, the authorities rendered the investigation "futile." Nevertheless, I would not take "no" for an answer, not on this piece. I had worked so hard to obtain this example, searched for so long, jumped in the air with excitement after winning the auction and spent too much money to just "let it go" as they told me. To make things more difficult, every coin shop I had spoken with in my search was very kind, helpful and stated they would call if it either turned up or if they heard anything. As time passed, I started to lose hope. After exhausting all of my resources and calling every coin/pawn shop I could find a number for, I tried a different search and found the number for a collectibles shop I hadn't yet seen. I dialed the number and... I finally seemed to have found the pesos destination. I was in sheer shock, was this really it? Had I really found it? It was it. That's the end of the story, you might ask? Far from it, actually. I thought it would be as easy as hopping in the car, taking a drive and picking it up... boy, was I wrong. After it seemed I had truly found it, the collectibles shop owner would not give it up without a fight. After proving the example was mine through endless documentation/receipts and the shop owner's mistake of not filing the proper paperwork when the item was sold, the police eventually seized the coin. If the coin had not been certified by NGC, I never would have been able to prove it was mine. The detective assigned to the case even stated, "You're lucky you had this coin authenticated. If it hadn't been, there would have been little to no chance for us to prove it was really the coin that was stolen." (As a word of advise, when you're spending good money on a coin, always buy it certified. This is a perfect example of how beneficial it can be, among many other reasons such as authenticity. I thank NGC every day for certifying that coin.) I finally received the piece on 10/31/14, making this specimen that much more invaluable to my collection, while also being the last coin to complete my 1903 Proof Set. What happened to the perpetrator, I suspect you might be wondering? He was never caught. Apparently, he had used a fake ID when selling the coin and the cameras were not active on the showroom floor. As mentioned in the prior, the shop owner didn't file the proper paperwork with this transaction... and that included not obtaining a fingerprint which is required by law in Colorado. However, the detective on the case said this was a stepping-stone in advancing progress on the case towards a criminal ring that had been involved in breaking into mail-rooms stealing anything with a tracking number. In the end, the detective thanked me for my tenacity and work, handed me the coin and I walked outta' that police station with the biggest grin I've probably ever had in my entire life. "A job well done," I thought. A tribute thank you is directed to NGC for their certification/encapsulation of coins and inadvertent assistance in helping me get back "the stolen prize: the king of all kings." To see old comments for this Journal entry, click here. New comments can be added below.
  8. Glad to know a restore is in sight, thanks for the quick response. That helps put my mind at ease!
  9. I'm a a So-Called Dollar collector (one of my many numismatic interests), Colorado SCD's in particular, and I couldn't help but notice that absolutely every pop report for "every" slabbed NGC SCD is now gone. Just a few weeks ago all of the information was there and available... now? Nothing. This can be tough to research buying particular specimens in the field where there are no accurate price guides and very little auction record information. With certain pieces of such low mintages, the NGC population report for SCD's was an excellent tool. I'm absolutely bewildered as to what might have happened to all that data. Hoping this is just an update or glitch, but it doesn't seem like it. Anybody know what's going on!? I can't imagine what could have happened to the years of reports.