|
Post Office only $25K
When I worked at the PO, you could buy Registered mail for ANY amount. I once handled a bearer bond with $400 of postage, it was worth about $300K. Diamonds, gold cash was the only way to ship. For small town banks, cheaper than an armored car. For jewelers, better than a courier. Handled silver & gold shipments back in the early 80's metal rush. Many a day handled over $500K for the local dealer.
Actually read a true story of a bank robber who sent the proceeds home by registered mail so he wouldn't have the money on him if stopped by the police.
All the gold in Fort Knox was sent there by registered mail.
Each postal employee who opens a registered pouch or container must sign a log, then send a post card back to the prior sender, acknowledging the receipt.
Something is wrong if the PO is down to $25K liability. I used to curse every time I saw 2 employees in a truck. Meant the rider was packing a pistol & I would have to sign for a hand-to-hand. Hand-to-hands have a value of $100K minimum.
Idiots would rob the fast food places around us for a few dollars. There were days I had $100K and bitching since I'd have to triple count it before my supervisor could triple count it for deposit.
Too bad there isn't this kind on integrity today.
|