“I am far from the only person that has come across this,” Gil Brano said. He was hoping to cross his palm with some silver last year by turning in a solid silver brick he owned into some liquid cash.
“I was hoping to use that money for a vacation,” Brano said.
Brano went through American Precious Metals Exchange based in Oklahoma City. The company was going to pay him about $1,472 in exchange for his silver.
“I was going to mail it insured from the post office because that is what the company told me to do,” Brano said.
Brano bought insurance with the USPS and sent the package on its way, but the silver never arrived.
“I thought I would get my money back because I had insured it,” Brano said.
Brano turned to USPS and they approved his insurance claim. However, they later told him in a letter that, the maximum indemnity for negotiable items, like currency, is $15, except for registered .ail
“They sent me a check for $15,” Brano said.
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