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 Replies: 16 / Views: 3,165 |
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Valued Member
United States
322 Posts |
I am planning to travel to other countries again.
I would like to know what is the US regulation if I bought Silver and Gold coins from other countries? I know that I have to declare it, and there is no tax or duty for gold coins. How about Silver Coins? Is there any value limits? I would like to know before I buy.
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Pillar of the Community
Australia
7096 Posts |
Why don't you simply post the coins back to the US instead of taking them through customs  |
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Pillar of the Community
Australia
2830 Posts |
or better, post them to me: no U.S. taxes or duties at my place !
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Bedrock of the Community
United States
20753 Posts |
Quote:
Why don't you simply post the coins back to the US instead of taking them through customs Just exactly what my Son did when he was in college in Poland. Quote:
or better, post them to me: no U.S. taxes or duties at my place ! BUT he would have to go to your country to get them and possibly be eaten by those Kuala Bears. Send to me and I'll save them for you. If you can find me that is. |
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Valued Member
United States
310 Posts |
I thought anything of 10k in value had to be declared....
mailing them would still require a customs form and be subject to valuation.
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Bedrock of the Community
United States
17884 Posts |
The US has no taxes or duties on bringing coins into the country. Coins from some countries before certain dates can't be brought in because of "Cultural Heritage" regulations without certain export licenses or documentation.
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Valued Member
United States
310 Posts |
Coins are money and customs does regulate money
"There is no limit on the amount of money that can be taken out of or brought into the United States. However, if a person or persons traveling together and filing a joint declaration (CBP Form 6059-B) have $10,000 or more in currency or negotiable monetary instruments, they must fill out a "Report of International Transportation of Currency and Monetary Instruments" FinCEN 105 (former CF 4790).
If assistance is required, a Customs and Border Protection (CBP) Officer can help with filling out the form.
Please be aware, if persons traveling together have $10,000 or more, they cannot divide the currency between each other to avoid declaring the currency.
For example, if one person is carrying $5,000 and the other has $6,000, they have a total of $11, 000 in their possession and must report it on a FinCEN 105. If a person or family fails to declare their monetary instruments in amounts of over $10,000, their monetary instrument(s) may be subject to forfeiture and could result to civil and criminal penalties.
The FinCEN 105 can be obtained prior to traveling or when going through CBP."
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Pillar of the Community
Canada
3692 Posts |
I suppose it wouldn't hurt to go through customs with 9,999 silver ASE "One Dollar" coins. |
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Moderator
 United States
188660 Posts |
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Pillar of the Community
United States
8516 Posts |
Yeah but what if........." A dingo ate my coins "  Oregon coin geek.....*** GO BEAVS ! ! ! ***
Edited by 52Raymo
06/28/2012 12:13 pm
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Moderator
United States
188660 Posts |
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Valued Member
 United States
322 Posts |
Thanks Guys, Based on US has no taxes or duties on bringing coins and no limit on the amount of money that can be brought in or taken out of the country as long less than $10,000.- or I declared, I am OK. That bring me to next question, how you see it the coins as face value (few dollars) or Gold or Silver value (few hundred dollars, Numismatic value (few thousand dollars)? As face value, I am way lower than $10,000.-, even if I bring hundred of coins. Should I clarify with the Custom and Duty Office to make sure? Libertad, what about ASE, is that count as $1.- too? |
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Valued Member
United States
322 Posts |
I learn if I buy gold or silver coins in California under $1,500.-, I have to pay sales tax. This is weird, since if I brought in from abroad, they are free. In my town Mission Viejo, in Orange County the sales tax is 7.75%, the rest of the county 7.76%, the rest of California 7.79%.
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Bedrock of the Community
United States
20753 Posts |
Quote:
mailing them would still require a customs form and be subject to valuation. As I said when my Son was in college in Poland, he sent coins all the time. No forms of any kind. No packages were ever checked that I know of and if they were, no one said anything about what was in them. Maybe not legal but way to late to worry about it all. Quote:
First of all, it is spelled Koala. Second, like you are just carl, it is just koala; it is not a bear. Shows you I don't watch amimal programs on TV.  Quote:
Yeah but what if........." A dingo ate my coins " Do they eat coins? |
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Bedrock of the Community
United States
17884 Posts |
The $10,000 rule is basically an anti money-laudering rule so they would probably be going by face value and not bullion or collector value.
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Valued Member
United States
322 Posts |
peter THOMAS,
I just lean that the Australian Government forbid me to send coins to Australia. Too Bad:)
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Replies: 16 / Views: 3,165 |
Posted 06/27/2012 8:34 pm
