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You may have to put this one down to experience and move on...
So much this. The whole point of postal insurance is that you shouldn't send anything without insuring its full value unless you're not that bothered about losing it.
I don't know the law but I suspect you'd be onto a loser with legal action as natural justice would suggest your son should have insured it if it was valuable.
Making mistakes is part of growing up unfortunately...
Fox
@deleted
Sorting offices are well known for picking out stuff that isn't insured/tracked... Many years ago I used to drink with a guy who was mates with the boss of my local office... Very, very well-to-do area, stuff would disappear all the time and wind up for sale in local boozers...
You may have to put this one down to experience and move on...