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 Replies: 47 / Views: 5,146 |
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Pillar of the Community
United States
1840 Posts |
So in all likelyhood these coins are probably worth a little better than bullion value and the cost of getting them to the States would offset any savings? Too bad, I have a cousin in Ramstein.
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Pillar of the Community
Belgium
2078 Posts |
I do not follow the real prices slabbed in the US on ebay ( versus list prices slabbed ) But ebay France and Germany often have MS 63 St Gaudens for like 35% over melt ( unslabbed of course )Sometimes a MS64 will cross the bay My friend is buying South Americans at around melt in MS65 and better This piece attached should be the archtype for an MS63 I graded it that and my friend confirmed smack in the middle of the MS63 range he said . Melt plus 1.5% is 497 Euro today http://cgi.ebay.fr/ws/eBayISAPI.dll...85&rd=1&rd=1 |
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Rest in Peace
United States
2684 Posts |
Ageka, St. Gaudens double eagles of comparable grade are going for $720 ( 943) to $1525 ( 1998) on ebay in the US, virtually all well above melt. These are either raw or non-tiered basement slabs. One PCGS MS-63 $20 St. Gaudens sold for $777 (1018). What I don't know is what US Customs would charge for re-importing a US coin back into the US; I can't believe the US government would let a US coin back in with no charge at all. So, it would appear that someone with considerable research, a hunk of money willing to be lost, and a strong constitution might be able to capitalize on these continental differences and make a tidy profit. Then comes my next question: If this is so financially tempting, why hasn't someone already done it? |
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Bedrock of the Community
United States
12437 Posts |
Morgan Fred,
not to be picky but you plugged the dollars into your currency converter backwards.
$720= 550 Euro
$1525= 1160 Euro
$777= 593 Euro
March 6 exchange rate= $1.31 to 1 Euro
Edited by biokemist6
03/06/2007 12:30 pm
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Pillar of the Community
Belgium
2078 Posts |
MorganFred I am afraid you are using 2002 dollars Today you have to pay 1.31 dollars to get an euro And I know for sure several international dealers are allready buying all the coins they can get and probably transport them by handbag to the UK and the US (Whilst I was trying to make the chart show I saw biochemists answer he is probably right but since I never use converters I did not think of that )  Image: " target="_blank" rel="nofollow"> Amerikdollar___USD 6 march 2007.gif31.08 KB Edited by ageka
03/06/2007 12:42 pm
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Rest in Peace
United States
2684 Posts |
Ooooooopppppps!  Gotta git new glasses.  It's all a pipe dream anyway. I haven't exactly got enough investment capital to make it worthwhile to drive** to Europe, buy St. Gaudens, come back to the US, and sell them for a profit. Also, I think US Customs regs state there's a $10K (not sure if value or cash) limit on bringing money into the US. **To forestall a comment, no, the bridge between the US and Europe isn't finished yet. However, if I DID have enough investment capital, I most certainly would be able to drive my 100' yacht from here to there. Sailing, actually, no stinkpots...  |
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Pillar of the Community
Belgium
2078 Posts |
For years I have been going to St Louis at least yearly or more often I seem to remember the limit you mention is the limit above which you have to declare you have more then 10 000 $ coming into the US and fill in form number 3057 B  ( form number is fictitious cause I never had reason to fill it out )  I especially liked the question whether I had any mental problems and whether I had been on a farm in the last so many weeks . I thought we were going to do a Tunnel so we could loose money for the next 100 years ( somewhat like the tunnel between France and England ) |
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Pillar of the Community
United States
2600 Posts |
Now this is going to sound really stupid, but a $20 dollar gold piece was/is American currency. If you carry over say $20,000 in American cash, you should be able to bring it back with you, even if you have changed it's form slightly. Maybe this is wishful thinking, but would you not be able to avoid the customs fees? Jim
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Bedrock of the Community
United States
12437 Posts |
From what I understand, there are no customs duties on cash. The main requirement is that you have to declare any amount over $10,000. If you are traveling in a party of multiple people, the whole group has to have less than $10,000 or everyone has to declare.
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Rest in Peace
United States
2684 Posts |
But would an uncommon St Gaudens worth, say, $12,000 being brought back
into the US have to be declared as cash, a numismatic item, or imported
"goods"?
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Pillar of the Community
Belgium
2078 Posts |
You could mount the 12000 dollar St Gaudens in a beagle for 5 minutes and wear it since jewellry is allowed Edited by ageka
03/07/2007 2:15 pm
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Rest in Peace
United States
2684 Posts |
If I had a $12K St. Gaudens, it sure wouldn't be mountable since it would be in a temporary hard protective encapsulation inside a locked briefcase or other container. Of course, I could drill a hole in the temporary slab, put it on a chain around my neck, then tell the nice Customs officer that it was a gold relief of my dear sainted mother. However, I don't have a $12K St. Gaudens and it doesn't look too promising that I'm gonna get one anytime soon. Still, it never hurts to dream...  |
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Pillar of the Community
United States
1952 Posts |
it has been awhile maybe 20 or more years but I lived in Germany and yes the banks there do sell gold at the teller windows. I never got any but it was there. I dont know about St G's but other coins I have seen them in the window.
Gary
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Pillar of the Community
United States
527 Posts |
I lived in germany for a while, and I was surprised to see the prices you could get gold coins for. it would almost be worth flying over there and bringing some back.
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Pillar of the Community
Belgium
2078 Posts |
These days Germans come on a one day city trip to Brussels and go and buy at one of the two shops I mentioned because in Germany it is melt plus 10% here it is melt plus 1.5% at money exchangers However Fred I have been dreaming of finding that 12 000 dollar coin myself for 4 years now and the best I came up with were MS64 coins In St Gaudens and MS66 coins in unslabbed angels and 10 florins etc But since the expense of sending them over and grading them equals the cost I paid for the coins I am not having them slabbed  |
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Posted 03/06/2007 08:40 am
