Alert for collectors: Your valuables could be at risk with Australia Post – Man's rare coins lost!
By
Gian T
- Replies 11
It is believed that the thrill of collecting is not just in the acquisition of rare and unique items but also in the meticulous care with which people preserve and protect them.
For manys, collecting may be a cherished hobby or even a form of investment.
However, a recent incident involving Australia Post has raised concerns about the safety of sending and receiving collectibles through the mail.
Stephen Ferguson, a coin collector from Mackay, Queensland, learned this the hard way when his set of limited-edition coins, including a special monarchy set, a Chinese New Year set, and a set of King Charles $1 coins, went missing in transit.
The entire package, which he hoped would appreciate in value over time, cost him $145—a modest sum for a potentially lucrative future return.
The excitement of adding these treasures to his collection turned to dismay when Ferguson received a notification of delivery, only to discover that the parcel had been sent to an incorrect address.
Understandably, Ferguson sought compensation for his loss. Australia Post offered an apology and $100 in compensation, the maximum under its policy.
However, Ferguson found this amount to be 'unfair’, as it did not cover the full cost of his coins.
‘They basically lost it,’ Ferguson said.
‘I tried to tell them I wanted at least the money back for the cost of goods, which was only $145 mind you, but still it's the principal of the thing.’
‘And, the fact that it was a collector's item, so who knows down the track what it might have been worth. I'll never know that now,’ he continued.
A spokeswoman for Australia Post extended an apology to Ferguson and assured that they would continue efforts to retrieve the lost item.
She also highlighted that the vast majority of the 9.5 million parcels delivered each week reach their correct destinations safely.
This incident is a reminder that, despite the convenience of modern shipping, there are risks involved, particularly when it comes to irreplaceable items.
So, what can you do to protect your collectibles when using postal services? Here are a few tips:
- Insurance: Always insure valuable items for their full value when shipping. While it may cost a bit more, it provides peace of mind and financial protection.
- Tracking: Use a service that offers detailed tracking and delivery confirmation to ensure you can follow your package's journey.
- Secure Packaging: Make sure your items are securely packaged to prevent damage during transit.
- Clear Labeling: Ensure the address is clearly written and correct, and consider adding a return address just in case.
- Personal Delivery: For extremely valuable items, you might want to consider personal delivery services where the item is hand-delivered to the recipient.
- Feedback: If you encounter issues, provide feedback to the postal service. They may not be able to rectify the past, but your input could help improve services for the future.
Key Takeaways
- Stephen Ferguson, a coin collector from Mackay, Queensland, criticised Australia Post for losing his set of limited-edition coins purchased from the Royal Mint.
- Even though Australia Post offered an apology and $100 in compensation, Ferguson stated the amount was not enough to cover his costs and noted the value could have potentially increased due to their nature as collector's items.
- Ferguson received notification that his parcel had been delivered but discovered it had been sent to an incorrect address and the package could not be located.
- Australia Post's spokeswoman stated the company's refund policy allows for compensation of up to $100, but Ferguson feels the mistake was not his fault and that he should not incur the loss.
Dear members, have you ever faced a similar situation with lost or damaged collectibles? How did you handle it, and what advice would you give to fellow collectors? Share your experiences and tips in the comments below.