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Imminent 25% Tariff on Gold and Silver Numismatic Items from China?

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PandaCollector:

--- Quote from: KeyDate1/2ozPandas on September 18, 2018, 12:42:29 AM ---The show medals should be fine, considering most importers will declare just the bullion value of the coins, so 1oz silver medal will be $1.60 more expensive to import, not a big deal.

--- End quote ---

For shipping, the Mint insures their products for the full replacement cost which is way, way above melt value. This higher value is what the tariff will be based on. The importer has no opportunity to reduce it.

Incidentally, I just read that the 10% will increase to 25% on January 1.

Best wishes,
Peter Anthony
China Pricepedia — Chinese Coin Prices and More
The Gold & Silver Panda Coin Buyer’s Guide 3
www.pandacollector.com

pandamonium:
10% tariffs take effect on Sept 24th Monday from what i read.    That allows time for purchase from China and ship before then.    Not sure how they will tax it and emailed a know it all but no return email yet.....

KeyDate1/2ozPandas:
Doesn't the distributor have choice to take delivery in Mainland and then ship however they please to rest of world.

PandaCollector:

--- Quote from: KeyDate1/2ozPandas on September 18, 2018, 11:22:01 PM ---Doesn't the distributor have choice to take delivery in Mainland and then ship however they please to rest of world.

--- End quote ---

No. The terms of the export license require that every single piece be sealed and shipped overseas. If you ship to the mainland, the PBC (People's Bank of China) will likely not issue an export license later and the license is required.

Best wishes,
Peter Anthony
China Pricepedia — Chinese Coin Prices and More
The Gold & Silver Panda Coin Buyer’s Guide 3
www.pandacollector.com

bonke:
Has anyone paid a tariff or duty on Chinese coins or medals?  This could involve 1) purchases made outside the USA and brought by you through US Customs, 2) purchases made from International auctions and brought/sent to the USA by the auction company and, then, delivered to you or 3) purchases made on the internet and sent to you from any foreign country. 

In past discussions, forum members have suggested any tariff would be imposed on coins or medals purchased within the PRC which are brought or sent to the USA.  I do not know whether the tariff will be limited to these transactions or will be imposed on all Chinese coins and medals brought into the USA with out regard to the place of purchase.

Information about your actual experiences will be helpful.  No price is low enough if a 25% tariff will be imposed.

Mark Bonke

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