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Import Laws Australia

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oh my florin's Avatar
Australia
1006 Posts
 Posted 03/13/2014  9:54 pm Show Profile   Bookmark this topic Add oh my florin to your friends list Get a Link to this Message Number of Subscribers
Hey everyone
Kinda new to this corner of the forum but recently I have become interested in ancient coins and was just wondering if there were any laws concerning ancient coins being imported from the USA into Australia particularly concerning coins purchased from Heritage Auctions and if anyone has first hand knowledge on doing so that would be greatly appreciated.

Thanks in advance everyone and hope to be a bit more active on this part of cuff from now on

P.s
Would anyone be able to give me an approximate price that one should be willing to pay for a Macedonian Tetradrachm Price 78 in extremely fine and about uncirculated?

P.s.s
with a nice strike and nice surfaces to

P.s.s thanks for the help zxccxz appreciate it
Edited by oh my florin
03/13/2014 10:14 pm
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zxcccxz's Avatar
Canada
5417 Posts
 Posted 03/13/2014  10:03 pm  Show Profile   Bookmark this reply Add zxcccxz to your friends list Get a Link to this Reply
Just did a bit of research and seems like no. Although there is a ban on some sort of coins from certain countries which count as restricted goods. Might want to check up on that.
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WillyB's Avatar
United States
87 Posts
 Posted 03/13/2014  11:19 pm  Show Profile   Bookmark this reply Add WillyB to your friends list Get a Link to this Reply
On top of strike and surfaces ancients have variables like centering, flan shape/size, details, and style that will affect their sale price. Searching online auction records might give you a better feel for what Alex tets have been selling for.
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oh my florin's Avatar
Australia
1006 Posts
 Posted 03/14/2014  02:08 am  Show Profile   Bookmark this reply Add oh my florin to your friends list Get a Link to this Reply
Thanks willyb searched online but couldn't find similar ones here is the one I am interested in any value guidance on it? Thanks. By the way ancients are significantly harder to price than more recent ones I mean what it has been 14 years since the price guide to macedonian coins was released.
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chuy1530's Avatar
United States
513 Posts
 Posted 03/14/2014  02:37 am  Show Profile   Bookmark this reply Add chuy1530 to your friends list Get a Link to this Reply
If you go to this site and look for the coin you're talking about you can hit the 'text' button and get some sort of idea as to what they go for. There are a million different variables but you'll at least have a ballpark idea of where the bidding might end up.

http://www.wildwinds.com/coins/gree...r_III/t.html
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ThisIsFun's Avatar
United States
2480 Posts
 Posted 03/14/2014  06:11 am  Show Profile   Bookmark this reply Add ThisIsFun to your friends list Get a Link to this Reply
CNG's archives are a great first stop when searching for prior sales.

Below are a bunch of them. I've posted three different links in case you are not familiar with searching CNG's archives. The results show up in up to three different sales types: from their coin shop (date of sale doesn't show), sold via e-auction, and sold via print auction (usually 'better' coins than the e-auction offerings).

The coin shop purchases have no buyer's fee. Their e-auction coins generally have a 15% fee, so factor that into the true cost. CNG's print auction buyer's fee is usually 17.5%

CNG coin shop comps

CNG e-auction comps

CNG print auction comps

For future reference, you search CNG's archives by clicking the "Research" tab near the top of their page. From there you can enter various search terms. Alex III tets were stuck in HUGE numbers, so you can get pretty specific with the search terms and likely get some hits. For less commonly seen coins, sticking with fewer search terms is better, although the hits are likely to include coins other than the ones of interest.

Regarding condition... it is so subjective. Best to use your own eyeballs, preferably seeing the coin in person, and then draw your own conclusions about condition (and therefore value). Generally speaking, I disregard any seller's estimation of condition unless it is by a major auction house, or I at least temper it with my own assessment.

Another good free place to search for comps is http://www.acsearch.info
Edited by ThisIsFun
03/14/2014 06:33 am
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oh my florin's Avatar
Australia
1006 Posts
 Posted 03/14/2014  06:57 am  Show Profile   Bookmark this reply Add oh my florin to your friends list Get a Link to this Reply
Thanks everyone for your comprehensive help and thanks in particular to ThisIsFun for the helpful links. Tho if no one minds I'd just like to ask one last question concerning ancients particularly in terms of Third Party Grading with the strike grading and surface grading provided do they have a significant impact on the value or is it more minimal? continuing on from this would a coin graded with 5/5 for both surface and strike be even more significant?
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Sap's Avatar
Australia
16868 Posts
 Posted 03/14/2014  10:50 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
There are currently no restrictions from a legal point of view (Customs or Quarantine) either on exporting ancient coins from America or importing them into Australia. Most of the blanket restrictions on the ancient coin trade are at the export-from-Eurasia and the import-into-America end. The worst you have to fear is payment of customs duties if the coins are worth more than $1000.

You might find some difficulty, however, with actual shipping, as USPS still has "coins" listed as a prohibited import into Australia. If you're buying from Heritage or another large dealership, hopefully they're big enough and have enough Australian customers to know the workarounds for this. Buying from a small American seller on ebay is definitely not recommended, whether the coins are ancient or modern.

As for the issue of the premium paid for "high-grade" slabbed ancients, most ancients collectors - especially here in Australia - don't know, don't trust and don't care about the American TPGs. They certainly wouldn't be prepared to pay a premium for a coin in one. Personally, I'd expect to pay a significant discount for a slabbed ancient, because I'd have to figure out a way to bust the thing open and house it properly.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 03/14/2014  1:45 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply

Quote:
Personally, I'd expect to pay a significant discount for a slabbed ancient, because I'd have to figure out a way to bust the thing open and house it properly.


Last (ANACS) slab I got, I found a hammer worked fine Sap. Stand it on end and gently tap the top and bottom on the corners. If you're lucky the slab will start to split along the seams. As it cracks ease any plastic shards away from the coin.. as for housing .. whatever's good for all your other coins of course!

Edited by Tom Goodheart
03/14/2014 1:46 pm
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ThisIsFun's Avatar
United States
2480 Posts
 Posted 03/14/2014  4:02 pm  Show Profile   Bookmark this reply Add ThisIsFun to your friends list Get a Link to this Reply
Just noticed that I put the wrong reference number in my CNG search examples (Price 83 instead of Price 78)

But you now know how/where to look
Edited by ThisIsFun
03/14/2014 4:02 pm
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