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This Article Was Troubling. Anyone Care To Comment

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Tayloroftheaxe's Avatar
Canada
43 Posts
 Posted 06/13/2013  11:25 am Show Profile   Bookmark this topic Add Tayloroftheaxe to your friends list Get a Link to this Message Number of Subscribers
France proibits sending currency, coins and precious metals by mail.


http://www.resourceinvestor.com/201...etals&page=3

*** Moved by Staff to a more appropriate forum. ***
Valued Member
United States
211 Posts
 Posted 06/13/2013  11:36 am  Show Profile   Bookmark this reply Add JimmyJames to your friends list Get a Link to this Reply
Does the prohibition include obsolete currencies?
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Freedom's Avatar
United States
526 Posts
 Posted 06/13/2013  12:10 pm  Show Profile   Bookmark this reply Add Freedom to your friends list Get a Link to this Reply
And weapons that were never fired but dropped only once?
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Tayloroftheaxe's Avatar
Canada
43 Posts
 Posted 06/13/2013  12:17 pm  Show Profile   Bookmark this reply Add Tayloroftheaxe to your friends list Get a Link to this Reply
Sorry Jimmyjames, I don't know. I assume they would make some allowances
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 06/13/2013  12:54 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
Well, there's no mention of such a thing on the CGB.fr (Compagnie Générale de Bourse) site.

They are based in Paris and sell coins ... so if they were affected I'd imagine it would be a major headache. Similarly other numismatic dealerships and auction houses based in France.

Oh, OK. On reading further CGB have decided that rather than closing their company and making their staff redundant they will just ignore this directive. Which seems logical.

But what an odd state of affairs!
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Spikey Norman's Avatar
Ireland
131 Posts
 Posted 06/13/2013  1:28 pm  Show Profile   Bookmark this reply Add Spikey Norman to your friends list Get a Link to this Reply

Quote:
Oh, OK. On reading further CGB have decided that rather than closing their company and making their staff redundant they will just ignore this directive.


How very French lol.

Is it troubling? Indeed it is imo - and the reported reaction from Fedex/UPS even more so.

Norm
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jbuck's Avatar
United States
188317 Posts
 Posted 06/13/2013  2:23 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Good to know that we do not have a monopoly on ignorant policies regarding coin and currency.
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 06/13/2013  2:41 pm  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
The US government surveilling its own citizens like Joe McCarthy or J. Edgar Hoover hot on the trail of suspected Commies troubles me far more than recent changes in French postal regulations.
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 06/13/2013  3:34 pm  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
Darn...Looks like I've missed the opportunity to buy a COL NIM sestertius for less than £100 then...
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 06/13/2013  3:44 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply

Quote:
Darn...Looks like I've missed the opportunity to buy a COL NIM sestertius for less than £100 then...


Well, just looking on the Laposte website it still states "jewels, precious metals, banknotes, bearer securities, money, and other items of value (unless they are sent by registered mail with declared value)".

Whereas the 'new' decree has changed this to "including by registered mail .... etc"

Looks like la main droite doesn't know what la gauche is doing!
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Wade's Avatar
Canada
2781 Posts
 Posted 06/14/2013  01:03 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
did I read that right? forbidden to buy bullion with cash?

and I thought US civil rights were being eroded...
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Sap's Avatar
Australia
16826 Posts
 Posted 06/17/2013  6:38 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
There was another thread on the topic, posted here. From there...

Quote:
The posting of coins and bullion is prohibited in Australia but that doesn't stop anyone.



In Australia, does that mean that you just can't insure the coins or does it mean you are breaking a law when you do so?

In Australia, it's not a law. It's a postage regulation that Australia Post has unilaterally written for itself. The penalty if you get caught trying to mail prohibited stuff is... they won't let you mail your stuff. The regulation itself reads:

Quote:
D3.2 â€" Banknotes and Coins

Banknotes are currency notes that are legal tender in the country of issue. Australian notes of
whatever age, currency or denomination are legal tender within Australia.

Coins are coinage in either Australian or foreign currency and includes coins made from precious
metals whether or not such coins have a denomination.

Australia Post prohibits banknotes or currency notes and coins:
♦ in the International Post
♦ in all services within Australia except Registered Post.

In Registered Post within Australia, Australia Post accepts banknotes or coins to a maximum face
value of $A200 in any one consignment. However, Australia Post accepts no liability for the loss of
or damage to any such notes or coins.

Such laws and regulations are primarily put in place in an effort to stop organized crime shipping their money around, or at least, to prevent government-owned agencies from becoming complicit in aiding and abetting organized crime. Coin collectors and bullion hoarders are unintended victims.

One corollary to this regulation by Australia Post is that the American USPS has reciprocated; their guidelines state it is prohibited to mail coins to Australia. We Australian coin collectors run into this problem all the time: sellers in America happy to sell coins to us, until they actually try to mail them and are told by the person behind the USPS counter that mailing coins to Australia is prohibited.
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 06/18/2013  03:16 am  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
I can't remember the last time I bought something at a Noble auction, but obviously it was shipped to me and I did receive it. Maybe the regs weren't in place then. Or maybe they were just ignored. But this does seem like an issue for larger auction houses. While it's annoying for ebay customers, auction houses increasingly depend on international sales.

I would have thought there would be a way around this to permit bona fide sales to continue. Wonder if anyone has challenged these 'rulings'?
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Pheroow's Avatar
United Arab Emirates
283 Posts
 Posted 06/19/2013  1:35 pm  Show Profile   Bookmark this reply Add Pheroow to your friends list Get a Link to this Reply
Wow that sucks for French collectors.
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basebal21's Avatar
13014 Posts
 Posted 06/19/2013  2:09 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Im actually starting to think this wouldnt be a problem at all for auction houses and the french mint. The more I think about it the more it seems like the French are just trying to keep their money in France and keep it circulating keeping it out of the gold and silver ebay purchases. Theres probably some of it too that the french werent happy their history was getting sold off around the world
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