Buying Coins From USA And Sending To Uk?

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Author	Replies: 6 / Views: 2,109
CheekyRob New Member United Kingdom 2 Posts	Posted 09/27/2010 09:25 am Hey everyone! This is my first post here and I hope I haven't posted in the wrong place, please accept my apologies if I have. I hope you are all well, I am a beginner in coin collecting myself. I have been looking into some nice coin sets on ebay, I really like old/unusual US coins and I found quite a nice set ebay.com (very hard to find US coin sets on ebay.com). I have a few worries though, I am very new to this and I have never bought anything from the United States before. I am worried that if I spend a lot of money on a nice set that I will have to pay some sort of customs fee, taxes or VAT? The set I have been looking at is $300 with postage and that's at my highest limit, I couldn't possibly go higher which is why I am concerned. I would be in a tough position if I got another bill on top of the coins as I wouldn't have the funds available to pay for any unexpected bill. Would anyone be able to help me and give me some information regarding things like this being sent? Would charges apply? The set also includes stamps and bills. Thank you for taking the time to read this and thank you in advance for any help Kind regards Rob Report this Post to the Staff

carmykle Pillar of the Community United States 2448 Posts	Posted 09/27/2010 10:30 am You should probably check the import regulations in the UK. I just sent some coins to the UK and they didn't charge me any export tariff. If you get over $10,000 you might have to answer some questions but I don't think they can charge a tariff on a couple of ounces of precious metal. Although I must warn you; I've been wrong before. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 09/27/2010 11:29 am You will need to check the customs, import tariff, and VAT laws of your country. Sometimes things can come in with no problems at all but I have heard of people getting hit with customs duties and VAT taxes. The worst cases were people who got hit with the duties and taxes on their own coins that they had sent to the TPG's for grading. (Can be important for the package to be marked that it is merchandise being returned to its original owner.) In some cases the duties and taxes were more than the items were worth. Report this Post to the Staff
kena Pillar of the Community United Kingdom 1682 Posts	Posted 09/27/2010 3:13 pm Hi Rob..... VAT will be charged based on what is placed on the customs form plus a handling charge. Also they sometimes mess up and charge you the amount based on the wrong currency (this happened to me on a parcel from my mom which had some books and clothes in it). Should have been below the threshold if they converted the US dollar amount to pound sterling. Did get a refund of the VAT but not the Parcel Force handling fee. From the HRMC web site: All goods imported into the UK from countries outside the European Union are subject to Import Duty and VAT at the rates applicable. However, import VAT is not payable on commercial consignments if the total value of the goods in the consignment does not exceed £18. This limit is raised to £40 for personal gifts between private individuals. If this tax was not applied, there would clearly be an unfair advantage to foreign businesses over UK trade. Hope this helps. Ken Report this Post to the Staff
carmykle Pillar of the Community United States 2448 Posts	Posted 09/28/2010 11:48 am kena, did you have to pay a VAT or tariff on those coins I sent you? Oh, and someone wrote, the half penny sent may be worth more than we thought; you might wnat to check it out. Mike Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 09/28/2010 4:49 pm You may want to check with this forum or other places on the internet or even with friends, relatives and neighbors. Possibly you may find someone that travels to and/or from the USA regularly or even occationally. Not sure now but when my son was going to college in Krakow, Poland, he traveled a lot through other countries. While there he sent me coins from all over the places he went. Possibly schools are not watched or worried about. I know I sent him film, cameras, batteries, money and all the really important things kids need in college. Keep checking around and you may find people that go back and forth to the USA and/or other places that will bring you coins. Report this Post to the Staff
kena Pillar of the Community United Kingdom 1682 Posts	Posted 09/29/2010 08:31 am For trades and purchases with folks from CCF, I only had to pay VAT once. Remember that the HMRC rules in the UK sets two values with the higher being a gift. I will never fault a person from CCF if they elect not to put the item down as a gift. Being in the UK, I am grateful to anyone who is willing to a sale or trade with me or I arrange for the coin to go to my mom for forwarding on it me. Also remember that customs can open a parcel and inspect it. If I was making a large purchase, the VAT/customs duty would not be my first worry. I would be more concerned about how to get the item from the US to the UK without a risk of it going missing along the way. Report this Post to the Staff
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