Author Topic: Traveling with Coins Laws and regulations  (Read 620 times)

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Offline Clark Smith

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    • Clark Smith
Re: Traveling with Coins Laws and regulations
« Reply #15 on: June 10, 2018, 02:03:58 PM »
Collector/bullion coins are not monetary instruments or cash.   

You do not file the form intended for carrying cash in amounts over $10,000.

Offline bonke

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Re: Traveling with Coins Laws and regulations
« Reply #16 on: June 10, 2018, 09:40:11 PM »
Clark

Customs agents in San Francisco,Chicago and Denver have not interpreted the law as you have stated.  All of them have wanted me to include my coins and bullion on the form for monetary instruments and cash as I enter or depart from the USA.  They have differed in their opinions as to how I include them.  Sometimes they want me to include the bullion value.  Sometimes they want me to include the collectible value.  Sometimes they argue among themselves as to the correct way in which to include them.  Sometimes they threaten to seize my coins and bullion.  A very complicated and uncomfortable situation for me as a collector.  In good faith, I try to comply with the law and always ask for their guidance.

Very likely, the rule is different for the professional with inventory.

Mark Bonke

Offline r3globe

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Re: Traveling with Coins Laws and regulations
« Reply #17 on: June 11, 2018, 01:01:49 PM »
Thanks again for all the input. I am very grateful to all who took time to answer me. This has been very enlightening.

Offline Pandaguy

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Re: Traveling with Coins Laws and regulations
« Reply #18 on: June 11, 2018, 01:16:32 PM »
BEST advice -- STAY HOME WITH YOUR COINS!!!!  Not worth the risks involved and out of your control.

Offline r3globe

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Re: Traveling with Coins Laws and regulations
« Reply #19 on: June 11, 2018, 02:02:32 PM »
BEST advice -- STAY HOME WITH YOUR COINS!!!!  Not worth the risks involved and out of your control.

LOL After sleeping on it, I agree. Thanks Pandaguy :)

Offline pandamonium

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Re: Traveling with Coins Laws and regulations
« Reply #20 on: June 12, 2018, 06:58:34 AM »
When a collector travels from the West to the East to buy coins/medals, are they under possible confiscation too?....