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 Replies: 22 / Views: 5,846 |
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Moderator
 United States
56855 Posts |
MNCcoino,  to CCF. Please read the rules before you guys get in trouble from Bobby...Just a heads up. John1  |
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New Member
 Australia
20 Posts |
Thanks, John1. And no worries, will re-read. I certainly don't want to get anyone offside.
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Valued Member
Australia
369 Posts |
In my opinion it is a waste of time and effort to sell coins to overseas countries, especially in bulk. The postage is far too high and finding an overseas buyer is not as easy as it may seem.Single coins may be ok but at the counter they will ask dumb questions like what is in it. You will have to pack it in such a way it can't be felt by the "Finger test", if you try an envelope. A 5kg box to the UK will cost around $91. Then there is the customs declaration. Most countries will charge the receiver duty on silver and gold coins.
It's a minefield and not worth it!!!
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Pillar of the Community
Australia
1333 Posts |
Unless you have a particular Super rare coin or an error coin of some kind that you want a large customer base and you aren't afraid of foreign banking systems (that why paypal is a tad better when you have international buyer, fee are still a pain tho for the exchange), I would say that you can't insure the coin which is annoying and if stolen in transit it's also very problematic (high value coins). I think this is the reason why coins aren't allowed to be send in mail due to possible insurance and liability claims, even tho Credit cards are sent via mail, what Derp. I'm not say that it can't be worth the effort or time you put into mailing but its will often be very close to break even or a slight profit. I would say there are risks and there are rewards it up to you to decide if it worth taking depending on your collection of coins (value). Oh you don't have to just list on ebay tho. Edited by ryurazu
06/24/2019 7:35 pm
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Bedrock of the Community
13014 Posts |
I've bought and sold too and from Australia many times and never really had a problem with the mail either way (knock on wood). The one thing though is do not lie on customs forums, that's the quickest way to make packages disappear. You can say things like numismatic items or something like that but whatever you put make sure it's accurate to what is actually in there
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Pillar of the Community
Australia
9422 Posts |
I don't sell coins, I only trade them and have been doing that for about 10 years. I don't register the packages and I try to keep them to under 250g so they are not too conspicuous. Also, I use the post office labels, not stamps, so the package does not appeal to anyone that might collect stamps. Obviously, package the coins so they don't rattle. On the declaration, I put "Hobby Supplies" and have only ever been asked once to elaborate and then I just added 'Metal discs". In all this time, I only lost 2 packages that I sent to Egypt and one went missing on it's way to me from Estonia, and one actually arrived in Melbourne and went missing there. I was very upset at losing that package as it had many Russian coin in. Steve  |
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New Member
Australia
20 Posts |
Thanks for the advice, all. The consensus seems to be not to bother trying to send overseas. I've definitely taken it on board.
Shame, though. I love the 1 & 2 Euro commemoratives - and such an abundance! Looks like I'm just going to have to go to Europe to start *that* collection. It's a hard life.
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Pillar of the Community
Australia
9422 Posts |
Just find some trading partners in Europe and go for it.
Steve :)
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Pillar of the Community
Australia
3831 Posts |
I guess Australia post just doesn't want people to declare "this is money - Rob me!" mails. Otherwise RAM, Perth Mint and coins dealers have no means to sell coins around the country. International postage is not cheap so it has to be rather high value coins to make it worthwhile. I believe the current $2 color coins are in very high demand. Problem is how you pack it. When I get coins from Russia or from ex Soviet countries, they used to cut holes in cardboard and packed them in there. Thickness of mail does count too so its a bit tricky |
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Bedrock of the Community
 United States
12477 Posts |
Quote:
The consensus seems to be not to bother trying to send overseas. That's not at all what I believe. My point was that Australia Post seems to have unreasonably restrictive handling "rules" compared to many countries. I have shipped coins from the US to Australia, Canada, Great Britain and Russia. I have also received coins from many countries. Quote:
In my opinion it is a waste of time and effort to sell coins to overseas countries, especially in bulk. The postage is far too high and finding an overseas buyer is not as easy as it may seem. My most recent purchase was 11 coins from a seller in Germany and the combined shipping was $2. It does take patience, but that goes for many coin types. Apparently, the seller knows how to make money in this situation. As long as I get the 11 coins in a few weeks, I'm happy.  In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Valued Member
Australia
136 Posts |
Hi, Rather than start a new thread, I thought I would continue this old one. How do I send a gold coin overseas that I sell on ebay from Australia? Fedex, UPS, DHL, Australia Post, etc all forbid any gold and silver being sent in international post, and have a blanket ban on coins and banknotes. They're listed as prohibited items along side drugs, guns, etc. How do companies send coins to PCGS? https://auspost.com.au/content/dam/...ds-guide.pdfPoints D3.2 and D3.3. Blanket ban I have used Interparcel before (intermediary for courier companies) and they have a ban too. https://au.interparcel.com/help/gui...d-restrictedSelect USA and UPS, Fedex, DHL, etc Prohibited: Articles of exceptional value (eg,works of art,antiques,precious stones,gold and silver) I have a MyPost account with Australia Post, and if I enter 'gold' or 'silver' in the Customs description field I get a warning that such items are prohibited. So, how do people do it? Is everyone lying on Customs forms? |
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Pillar of the Community
Australia
9422 Posts |
Quote:
So, how do people do it? Is everyone lying on Customs forms? Yes. I know I twist the truth a lot, but I only send regular coins, not gold. |
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Valued Member
Australia
136 Posts |
Thanks for your reply, triggersmob Things used to be easier before the introduction of mandatory HS tariff codes. Could have said 'tokens' or something like that before, but now they want to know what kind, and what they're made of. Could have stretched the truth by saying 'USA $1 coin' for a 1921 Peace dollar. My other gripe with international mail is everyone can see the value of the package due to the insurance amount being printed on the box. Dumb. Just makes theft that much easier and tempting. |
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Pillar of the Community
Australia
9422 Posts |
I don't send precious metal coins overseas, so I don't insure the packages.
I usually under declare the value, so the package does not scream "steal me".
As far as I see it, when the coins leave our shores, they only have the intrinsic metal value anyway.
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Pillar of the Community
Australia
2543 Posts |
I had this issue sending 1966 aussie 50 cent coins (80% silver) to US and Canada recently as prizes for a competition I ran on CCF.
I called them 'gaming tokens' and metal was declared as copper nickel alloy.
The online form wouldn't accept any combination of words that referenced coins, collection, collectors, Numismatic items etc.
I'm not the brightest crayon in the box, but I always thought that copper nickel was another name for silver.
Bottom line it worked for me and I won't be doing it again.
I guess if you wanted a definitive answer you could try asking RAM how they bypass the rules....good luck with that one.
The Ox moves slowly, but the Earth is patient.
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Replies: 22 / Views: 5,846 |
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First Page
Posted 06/24/2019 09:52 am
