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Help Getting My Gold Back Home?

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Author Previous TopicReplies: 6 / Views: 2,710Next Topic  
New Member

United Kingdom
3 Posts
 Posted 01/19/2008  7:54 pm Show Profile   Bookmark this topic Add Faultyboy to your friends list Get a Link to this Message Number of Subscribers
I have been living in the UK for 2 years and I have been slowly buying gold bullion coins and I have about 25 coins, the problem is I need to go back to South Africa in a few weeks and I don't know how to get them home? what is the best option? to send them via insured courier, in my luggage or in my carry on luggage? I have no clue as to what the laws on traveling with gold is and I am having a hard time finding information on this subject on the Internet, please could you give me some advice... Thanks.
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nohope587's Avatar
United States
5953 Posts
 Posted 01/19/2008  8:28 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
As Far as I know you can carry it in your hand baggage. If the declared value is over $10,000 you have to fill out a special customs form...
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 01/20/2008  06:49 am  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
G'day, you'll need to consider the law where you are; where you're going; and anywhere you transit.
In Australia, it is legal to import and export cash, but if it exceeds Oz$10,000 in value, then it must be declared. This includes gold and foreign cash. If one is caught; then forfeiture, a fine, and jail, are possible outcomes.
This law, copied from a USA precedent, is intended to hinder money laundering, and I'd be surprized if most other countries didn't have similar laws.
The additional problem with gold coins would be that the aviation authorities probably have rules about carrying potential projectiles on board. Nowadays, they won't even let you take a bottle of water on ...
Have you considered sending the coins by registered post ?
Peter in Oz
New Member
United Kingdom
3 Posts
 Posted 01/20/2008  07:58 am  Show Profile   Bookmark this reply Add Faultyboy to your friends list Get a Link to this Reply
I am also stoping off at Dubai... so that adds a few more problems. I have had a look at DHL (www.dhl.co.uk) and in there terms it states... Excluded Goods means... Bullion, bank notes and/or coinage, precious metals, precious stones and on FEDEX's website... MONEY (coins except collectible, cash, stamps, and negotiable instruments equivalent to cash such as endorsed stocks, bonds and cash letters) So what actually happens when I declare something? do I have to pay taxes on it or something? would it be better to not declare it? thanks for your quick responses. Thanks.
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tights24's Avatar
United States
2254 Posts
 Posted 01/20/2008  10:44 am  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
If you don't mind having them out of your site, I think I would start mailing them to myself. I would imagine you have friends or family that you can start sending them to one or two at a time.
New Member
United Kingdom
3 Posts
 Posted 01/20/2008  5:41 pm  Show Profile   Bookmark this reply Add Faultyboy to your friends list Get a Link to this Reply
Yeah I think I will have to try that, thanks for the input guys.
New Member
Ireland
10 Posts
 Posted 01/29/2008  9:06 pm  Show Profile   Bookmark this reply Add johnsl to your friends list Get a Link to this Reply
If you do put it in your hand bagage then you should take it out and had it separately to the staff at the x-ray machine.

Gold is very dense and shows up immediately as solid black on an x-ray - if you just leave it in a shoulder bag and let it pass through the x-ray without notifying the staff about it you may find yourself the center of a minor incident.

I did this a few years ago with some bullion I was bringing back from London for a coin fair in Dublin a few weeks later.

They were not impressed - there was no issue with the value of the gold - but it looked like a grenade (or something that worried the guy on the x-ray monitor) and he hit the alarm button before asking me what I was carrying. I did get on the plane - but only just.

John.
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