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Receiving Coins After Grading Valued Over $1000. GST ?

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projack's Avatar
Australia
122 Posts
 Posted 03/29/2012  8:43 pm Show Profile   Bookmark this topic Add projack to your friends list Get a Link to this Message Number of Subscribers
How to send coins for grading to the US valued well over $1000 without paying GST on return.
Any advice or experience on this?
This is not a purchase and the grading cost is below $1000.
Pillar of the Community
Australia
1295 Posts
 Posted 03/29/2012  8:50 pm  Show Profile   Bookmark this reply Add markn to your friends list Get a Link to this Reply
We've never had an issue with it. Others have and it's a matter of filling in the correct Customs form if Customs decide to hold your package.
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 03/29/2012  10:12 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
why do you think that you have to pay GST when you send your coins on a holiday ?
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wwwww's Avatar
Australia
541 Posts
 Posted 03/29/2012  10:24 pm  Show Profile   Bookmark this reply Add wwwww to your friends list Get a Link to this Reply
Customs will withhold the package if the declaration is over $1000. They'll send you a letter, you can free your package (after a small fee) by e-mailing the address on the letter with proof that you sent the coins out of the country (such as a consignment note).

Technically you are liable to pay GST on the certification if it exceeds $1000.
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biggfredd's Avatar
United States
9104 Posts
 Posted 03/29/2012  11:36 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Establish that the coins are re-pats, and there shouldn't be a problem.

A copy of the outgoing customs form should do it.
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