Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
How to Mail Stock Certificates, etc
Old 05-04-2021, 09:55 AM   #1
Dryer sheet wannabe
 
Join Date: Oct 2008
Location: Pinehurst, NC
Posts: 17
How to Mail Stock Certificates, etc

My wife and I are doing some estate planning stuff and as part of this we have to mail in some stock certificates (low 6 figure value - all going to the same place) and some Treasury I-Bonds (also low 6 figure value).

I will probably use Fedex and send it in some certified/traceable manner. The issue of insurance is less clear to me. Do folks typically insure this stuff? Neither the I-Bonds or stock certificates are easily cashable (but not impossible) and if lost they are both replaceable (at a nominal or no cost).

How have folks here handled this - thanks.

dave
DaveLeeNC is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-04-2021, 10:21 AM   #2
Moderator
Jerry1's Avatar
 
Join Date: Nov 2014
Posts: 5,134
Couldn’t you take the bonds to a bank?

I guess I’d insure them for something just do they might care a little more. Plus, your time to deal with a loss is worth something. Though I’m wondering if they’ll let you insure them. In a way, if they can be replaced, they’re value is very low to nothing.
__________________
Every day when I open my eyes now it feels like a Saturday - David Gray
Jerry1 is offline   Reply With Quote
Old 05-04-2021, 10:31 AM   #3
Dryer sheet wannabe
 
Join Date: Oct 2008
Location: Pinehurst, NC
Posts: 17
Jerry, the bank has a path to handle bonds being sold for sure. But in the conversation that I just had with a banker (Medallion Signatures) regarding how to get these in the hands of the Treasury/ComputerShare, that was not offered.

My wife is worried about the scenario of the shares being lost or stolen and then cashed in. It is a very low risk but I guess not zero.

dave
DaveLeeNC is offline   Reply With Quote
Old 05-04-2021, 10:32 AM   #4
Thinks s/he gets paid by the post
Dash man's Avatar
 
Join Date: Mar 2013
Location: Limerick
Posts: 3,177
Quote:
Originally Posted by DaveLeeNC View Post
My wife and I are doing some estate planning stuff and as part of this we have to mail in some stock certificates (low 6 figure value - all going to the same place) and some Treasury I-Bonds (also low 6 figure value).

I will probably use Fedex and send it in some certified/traceable manner. The issue of insurance is less clear to me. Do folks typically insure this stuff? Neither the I-Bonds or stock certificates are easily cashable (but not impossible) and if lost they are both replaceable (at a nominal or no cost).

How have folks here handled this - thanks.

dave
When I sent in my I Bonds, I took pictures of them to record the numbers i'd need to have them replaced if needed. Then I sent them UPS.
Dash man is offline   Reply With Quote
Old 05-04-2021, 10:49 AM   #5
Dryer sheet wannabe
 
Join Date: Oct 2008
Location: Pinehurst, NC
Posts: 17
Quote:
Originally Posted by Dash man View Post
When I sent in my I Bonds, I took pictures of them to record the numbers i'd need to have them replaced if needed. Then I sent them UPS.
Thanks - that is my inclination but my worrier type spouse is worried about the lost/stolen and then cashed scenario. Tracking and sending overnight seems adequate to me, but I am not the problem here.

dave
DaveLeeNC is offline   Reply With Quote
Old 05-04-2021, 10:56 AM   #6
Moderator
Jerry1's Avatar
 
Join Date: Nov 2014
Posts: 5,134
Quote:
Originally Posted by DaveLeeNC View Post
Tracking and sending overnight seems adequate to me . . .
When Iíve shipped a firearm for repair, it has to be sent next day air. They track those packages very carefully. I would do as suggested - take pictures, then send. Should be fine. Iíve also bought silver and gold and thatís how itís been shipped. Just let them know what it is and make sure you do what they require. It will get there.
__________________
Every day when I open my eyes now it feels like a Saturday - David Gray
Jerry1 is offline   Reply With Quote
Old 05-04-2021, 11:17 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
MRG's Avatar
 
Join Date: Apr 2013
Posts: 9,823
No problem. You don't really need the certs, any carrier should be able to deliver them. Like suggested save the cert #.
MRG is online now   Reply With Quote
Old 05-04-2021, 12:33 PM   #8
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 1,946
Stock certificates are registered these days so if it gets lost you can place a stop and have it replaced. The old days of bearer bonds have long gone.
jim584672 is offline   Reply With Quote
Old 05-04-2021, 12:41 PM   #9
Dryer sheet wannabe
 
Join Date: Oct 2008
Location: Pinehurst, NC
Posts: 17
FWIW, both ComputerShare and the US Treasury consider the scenario of (for example) a bag of mail containing my stock shares gets stolen, the thieves rifle through and find the shares, rush down to some 'cooperative' stock broker, and sells the shares as 'impossible'. And, quite frankly, that might be the case (where the problem is found in settlement somehow - I am not familiar with the details of that process).

The I-Bonds seem a bit riskier to me as all I had to do to sell one in the past was present ID and the bonds and my local bank cashed them in. But in this case it was going to an account registered to the owner of the I-Bonds. So .,...

One thing is obvious - no one outside my household is worried about this.

dave
DaveLeeNC is offline   Reply With Quote
Old 05-04-2021, 04:28 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,274
Quote:
Originally Posted by DaveLeeNC View Post
F....

One thing is obvious - no one outside my household is worried about this.

...
It's not their money, so why would outsiders worry.

The insurance is pretty cheap, at least get a few thousand covered, that way if it disappears you can tell the carrier - replace it or pay me the insured value.

Will save you a lot of work/effort.
I'd also take pictures first of course, and tracking, plus pray
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 05-04-2021, 04:44 PM   #11
Dryer sheet wannabe
 
Join Date: Oct 2008
Location: Pinehurst, NC
Posts: 17
Quote:
Originally Posted by Sunset View Post
It's not their money, so why would outsiders worry.

The insurance is pretty cheap, at least get a few thousand covered, that way if it disappears you can tell the carrier - replace it or pay me the insured value.

Will save you a lot of work/effort.
I'd also take pictures first of course, and tracking, plus pray
For the sake of clarity I was saying that no one outside of my household worries about this generic risk (as opposed to my personal risk). And the generic risk that I am referring to is losing the certificates (somehow in the mail) and having them liquidated by whoever found/stole them. This would be hard to do, I realize.

From what I know insurance (at least at Fedex) is 1% so it is relatively pricey if you want to protect the entire value in this case (low 4 figures). My suspicion is that, since this is a replaceable item, the cost of replacement is all that could be insured. I believe the fee is some fixed amount plus 3%.

dave
DaveLeeNC is offline   Reply With Quote
Old 05-04-2021, 05:03 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,274
You could do a road trip, and consider the cost of mailing + insurance , as instead paying for the trip.

When Harry mailed the hope diamond, he insured the entire value and trusted UPSP:
https://www.si.edu/newsdesk/snapshot...d-mail-wrapper
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 05-04-2021, 05:08 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
MRG's Avatar
 
Join Date: Apr 2013
Posts: 9,823
Call the transfer agency and tell them they're lost and you want to redeem the shares. Provide them the cert#s.
MRG is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Options for Stock for Kids (now that there are no certificates) FLSUnFIRE FIRE and Money 25 06-27-2020 03:45 PM
[For my fiction book] Redeeming Stock Certificates TromboneAl FIRE and Money 10 10-06-2015 05:12 PM
Old Stock Certificates Tandemlovers Stock Picking and Market Strategy 14 09-16-2013 09:42 AM
Buying stock (certificates) as gifts - ? fatman22 FIRE and Money 4 12-06-2008 08:26 AM

» Quick Links

 
All times are GMT -6. The time now is 09:44 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.