No not really. And were back to the problem with currency vs collectible.

Say I buy a cast iron toy bank for $100 and sell it on eBay for $200. It gets lost or broken in transit. The replacement value is $100 not $1.98 that was the original selling price.

Now apply the same standard to a collectible casino chip. I bought it for $30 at a chip show, sold it for $35 on eBay. It's a 10c chip... are you saying the replacement value and original value is 10 cents? I think not.

If applied to a current chip or token, I can agree, the shipper gets back face value. If applied to an antique chip or collectible, with some means to verify the cost and value, then the actual cost would aply.

Meanwhile as Ted has pointed out, the policy of UPS as he is instructed is, that it's currency, so it's face value.

I guess I want a shipment of $5 obsolete chips from some closed casino to get lost, so I can claim that even though I sold them for 35c each, they have a face value of $5 each. Whoo Hoo!

Ah but the catch. UPS does not insure currency, so I'm basically SOL.

Their policy is the trump card. My argument is that an antique or collectible is NOT currency.

(still searching for the letter from UPS, but don't hold your breath)