sending money via au post????

[ausjack]

:dodgy: ok so can you send money via au poat and how do the dealers send and is there any protection like insurance??? More talking about higher value notes, thanks

[Fulvio]

When I've sent cash, I've always put it inside a brochure so as to give no hint of what's in the envelope. In the case of collectible notes, I'd include cardboard as well to protect the notes. Never lost one yet...

And AFAIK, you can't insure cash. I remember back in the days when you had to use registered post, they had a disclaimer specifically excluding reimbursement for lost cash.

[ausjack]

Interesting, so the dealers and auction places do the same? It's one of those thing where I say to my self, self 'why is it so'! as it's not a drug or anything like that so why the hell not :dash1:

[JeffH]

Very tight restrictions on sending cash by post. Supposedly something to do with preventing money laundering. Not sure how it stops that. If you had $100,000 "black" notes you wanted to get to your mate to clean wouldn't you find a way to send them; even if you hire a kid, stick him in a car and give him a delivery address. A few expenses would not be a concern in that sort of exercise.

Anyway, it's good enough for the Mint to do mail order money. So, do what everyone does and just post them. I think the $200 limit on insurance for posted cash still applies -but that was never really intended to be for collectibles.

Or, you could do what Australia Post recommends and use your notes to buy a mail order! Not sure what they would redeem that for at the other end. The corporate mind has great trouble with the idea of "think outside the square".

[trout]

I get a lot of reasonably high value coins sent via Aussie post and haven't lost one yet.
I would imagine that the security at Aussie post would be more stringent than with company's like  TNT etc. :ok:

[Fulvio]

I would imagine that the security at Aussie post would be more stringent than with company's like  TNT etc. :ok:

Mmmmm.. they had a woman in Yarrawonga who was pilfering birthday cards for the cash grandparents would stuff in them. She got nailed of course, but that didn't help the intended recipients.

Its like anything else really, common sense is required. When I pick up cash I put the sacks on the floor and throw a blanket over the front seat covering them up. If I left Armaguard sacks visible I may as well paint "steal me" on the side of the car.

So don't make the envelope look like it might contain cash. Make it look like it contains junk mail or an invoice. Those never go astray.

[ausjack]

see how we go :fie:

[Sapyx]

Australia Post's regulations concerning sending money and bullion through the post are fairly clear-cut:

D3.2 – Banknotes and Coins

Banknotes are currency notes that are legal tender in the country of issue. Australian notes of whatever age, currency or denomination are legal tender within Australia.

Coins are coinage in either Australian or foreign currency and includes coins made from precious metals whether or not such coins have a denomination.

Australia Post prohibits banknotes or currency notes and coins:
♦ in the International Post
♦ in all services within Australia except Registered Post.

In Registered Post within Australia, Australia Post accepts banknotes or coins to a maximum face value of $A200 in any one consignment. However, Australia Post accepts no liability for the loss of or damage to any such notes or coins.

D3.3 – Bullion

Bullion is lump or bulk metal, pure or impure, refined or unrefined. Bullion includes ingots but excludes manufactured items, such as jewellery.

Australia Post prohibits bullion in all services.

So yes, you can send cash (coins and notes) legally through the post - Registered Post - up to $200 face value. But no, even then Aust Post claims no liability if it goes missing.

[JeffH]

Main problem is they don't now offer registered post for parcels; only letters.

Easy enough to fit two $100 notes in a letter but a bit harder to do it with coins!

[Fulvio]

Australia Post's regulations concerning sending money and bullion through the post are fairly clear-cut:

Actually, no. That was on their website a couple of years ago, but appears to have vanished more recently. So not clear cut at all.

Restrictions on cash are due to two things. Attempts to interdict money laundering, and avoidance of claims for losses in transit. The former only really applies to large amounts, and the latter only for registered items. So sending a couple of notes in a standard letter isn't really a problem.

The prisons would be full of grandparents if it were. :dodgy:

[trout]

The prisons would be full of grandparents if it were. Dodgy

Or coin collectors :angel:

[Sapyx]

Actually, no. That was on their website a couple of years ago, but appears to have vanished more recently. So not clear cut at all.

It's still on their website, though not directly. I just pulled that quote off the Australia Post "DANGEROUS & PROHIBITED GOODS & PACKAGING POST GUIDE" PDF file. Download it here. If they've changed policy recently, they haven't updated their policy PDF yet.