Cecilia v. Lumbermens Mutual Casualty Co.

OPINION OF THE COURT

John R. Tenney, J.

The plaintiff was the owner of a Hamilton Mint “American Wildlife Collection” of silver ingots. Under the terms of a theft insurance policy with the defendant, there was a limitation of liability clause which specifically included bullion and numismatic property. The plaintiff argues that his collection was not numismatic because the manufacturer described the collection as ingots, medallic or minting art, fine silver, etc. In De Biase v Commercial Union Ins. Co. of N. Y. (53 Misc 2d 45, affd 55 Misc 2d 676), the court determined that a rare coin…