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Pillar of the Community
 United States
7159 Posts |
Just received this email from CNG:
President Trump has introduced tariffs for the majority of imports into the US, including collector coins. While changes to these tariffs may be made at any time without notice, and we don't know what the future will bring, here is what we know as of 10 AM on April 4:
No coins have been exempted from the tariffs.
Coins entering the United States will be subject to tariffs based on the country of origin, meaning the country of manufacture. A coin from a mint located in what is now modern Greece will be tariffed at the rate for Greece (i.e., the European Union) regardless of where the coin has been held or where it is shipped from.
Although tariffs are not the same as import VAT, our European customers and colleagues are familiar with the taxation of incoming coins. US customers have not had to deal with this issue in the past. One difference from import VAT is that, as far as we know, tariffs that are paid cannot be reclaimed later upon export from the US.
Coins already in the United States and sold to buyers in the United States are not subject to any tariff.
Coins already in the United States and sold to buyers outside the United States continue be subject to regulations of the buyer's home country.
Coins purchased by US buyers from dealers or auction houses abroad will be subject to US tariffs, even if those coins were consigned to the sellers by collectors or dealers in the US.
The US buying market is believed to constitute the majority of world purchasing power of ancient and world coins. Edited by tdziemia
04/04/2025 1:45 pm
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Pillar of the Community
United States
1865 Posts |
Edited by livingwater
04/04/2025 2:08 pm
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Moderator
 United States
164048 Posts |
[redacted] 
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Pillar of the Community
 United States
7159 Posts |
Quote:
It seems gold bullion is exempt from the tariff. Interesting. Of course, I did not repost here the ending of the CNG email, which is the sales pitch by CNG pointing out that the coins they are offering in auctions over the next months are already in the U.S. and not affected by tariffs whereas collectors bidding in auctions abroad will need to factor in the added costs when bidding.
Edited by tdziemia
04/04/2025 1:53 pm
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Moderator
United States
164048 Posts |
Quote:
Of course, I did not repost here the ending of the CNG email, which is the sales pitch by CNG pointing out that the coins they are offering in auctions over the next months are already in the U.S. and not affected by tariffs whereas collectors bidding in auctions abroad will need to factor in the added costs when bidding. 
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Pillar of the Community
United States
7057 Posts |
Quote:
subject to tariffs based on the country of origin It'll be interesting to see what would happen - tariff-wise - with the hundreds of thousands of ancient coins labeled with such phrases as these (which were quickly-pulled-up examples from acsearch.info): "unreadable mintmark," "unknown mint," "uncertain mint," "undetermined mint in Asia Minor," "mint in the lower Danube region," "mint in the northern Carpathian region," "military moving mint," "court (moving) mint," etc., etc.
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Pillar of the Community
United States
7159 Posts |
Even from those uncertain attributions, the thought that crossed my mind is that for U.S. Customs to actually be able to do their job, the seller is going to need to provide a manifest with the modern day countries corresponding to all those ancient or medieval polities.
Speaking of ancients, I just saw this announcement from Nomos:
NOMOS 35 - POSTPONED UNTIL 15 AND 16 JUNE 2025!!!!
THE RECENT IMPOSITION OF TARIFFS OF VARYING LEVELS ON VIRTUALLY ALL IMPORTS INTO THE UNITED STATES HAS CAUSED GREAT UNCERTAINTY ALL OVER THE WORLD. URGENT CLARIFICATIONS ARE BEING SOUGHT BY THE NUMISMATIC TRADE'S LEGAL ADVISORS. AS A RESULT OF THIS TURMOIL, WE HAVE DECIDED, IN CONSULTATION WITH OUR CONSIGNORS, THAT OUR BEST OPTION IS TO POSTPONE OUR AUCTION 35, WHICH CONTAINS ANCIENT COINS, UNTIL 15 AND 16 JUNE AND TO HOLD IT IN CONJUNCTION WITH OUR AUCTION 36, WHICH WILL PRESENT IMPORTANT MODERN COINS.
Edited by tdziemia
04/04/2025 4:25 pm
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Moderator
United States
164048 Posts |
Oh my.   |
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New Member
United States
35 Posts |
Quote:
It'll be interesting to see what would happen - tariff-wise - with the hundreds of thousands of ancient coins labeled with such phrases as these (which were quickly-pulled-up examples from acsearch.info): "unreadable mintmark," "unknown mint," "uncertain mint," "undetermined mint in Asia Minor," "mint in the lower Danube region," "mint in the northern Carpathian region," "military moving mint," "court (moving) mint," etc., etc. "Dear Consignee: USCS is in receipt of a package containing: -- COINS OF UNKNOWN FORIEGN ORIGIN -- Please complete the enclosed form stating the country of origin so appropriate tariffs may be levied. In the event we are not in receipt of a response by -- (DATE) -- Your parcel will be returned to its original sender"
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Valued Member
Portugal
478 Posts |
This can lead to any number of strange situations.
With ancients I expect that once country of origin has to be spelled out there will be more claims by the governments of those countries for the coins. Confiscations.
With moderns, some coins struck in the Americas for use in Spain and Portugal are different only by mintmark. So a peça struck in Rio will be treated differently than one stuck in Lisbon? They were produced by the same polity for use in the same place.
Better yet, many countries recently and not so recently order their coins and bank notes made in foreign mints. A south african coin struck in Berlin pays the tariff for Germany? A tunisian coin struck in Paris also?
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Pillar of the Community
United States
1188 Posts |
Question. I purchased a somewhat hard-to-find Barber half dollar at the beginning of the week from a dealer in England. It's at the airport and the plane is almost in the air. Am I exempt from the tariff since it's a U.S. coin? Edited by DoctorBurnzy
04/04/2025 7:50 pm
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Pillar of the Community
United States
7159 Posts |
Yes, as far as I understand ...
But you may have to prove that your American coin is an American coin.
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Pillar of the Community
United States
7159 Posts |
Quote:
This can lead to any number of strange situations.
With ancients I expect that once country of origin has to be spelled out there will be more claims by the governments of those countries for the coins. Confiscations.
With moderns, some coins struck in the Americas for use in Spain and Portugal are different only by mintmark. So a peça struck in Rio will be treated differently than one stuck in Lisbon? They were produced by the same polity for use in the same place.
Better yet, many countries recently and not so recently order their coins and bank notes made in foreign mints. A south african coin struck in Berlin pays the tariff for Germany? A tunisian coin struck in Paris also? In my opinion, you are thinking far too logically for the current situation.
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Pillar of the Community
Canada
5045 Posts |
Who knows, maybe there will eventually be exemptions for world coins? You guys should lobby the politicians to change it. After all, none of them could ever be made in the US no matter how hard you try. The same I think should apply for antiques in general.
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Valued Member
United States
121 Posts |
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In my opinion, you are thinking far too logically for the current situation. What I want to know is: Does the CBP (or whoever the entity is that will be handling US tariffs) even have the capacity or manpower to handle the paperwork?
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Pillar of the Community
Canada
5179 Posts |
Non political input .
What a flipping gong show !
Enjoy!
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Replies: 45 / Views: 3,840 |
Posted 04/04/2025 1:46 pm
