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Neuri0n

Declaring gold to US customs

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Hey guys, 

My partner and I are travelling to the states in a year or so ahead of a relocation. I'll be transporting some of my gold to store over there, and I'm aware that you can take up to $10,000 worth without declaring it. Given their previous confiscation efforts, I'd rather not, hence moving some ahead of time. 

Would both my partner and I have a combined $10,000 pre-declaration limit, or would that be $10,000 each? I've tried to find an answer but even CBP don't make it clear.  

Thanks, 

Jacob 

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You have your own individual passports and plane tickets, my guess would be $10k each. Probably different if it was you and a child under 18. But, don't take my word for it I am not an immigration lawyer and I never put any devious, underhanded and intrusive tact out of reach of the government.

I hope you are able to find your answer.


"Trust but verify."

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2 hours ago, Neuri0n said:

Given their previous confiscation efforts, I'd rather not, hence moving some ahead of time. 

I might be doing the same soon so would be good to know how you get on. Personally, I was thinking of taking $10k at a time but i go regularly. Soon that will be one coin only...

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If its british coinage and legal tender is there not something in considering its currency value, rather than what metal it is made of? 

admittedly I can understand why you want to be on the right rules here. 

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7 hours ago, jultorsk said:

It's a tough nut - the customs form says "only one written declaration per family is required". 

customs-declaration-6059b.jpg

Not sure if this helps: https://help.cbp.gov/s/article/Article-1594?language=en_US

Thanks for the info. Still absolutely unclear though. I'm starting to wonder if that's an accident :P.

I think I'll have to contact the airline and find out from them first hand. 

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3 hours ago, SilverMike said:

If its british coinage and legal tender is there not something in considering its currency value, rather than what metal it is made of? 

Noooo, that's a surefire way of getting your stuff confiscated. CBP might be vague with everything else but they're absolutely clear about what they mean by 'value'. 

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They don't make it easy:

 

"The coin and paper money of the United States or any other country that is (1) designated as legal tender and that (2) circulates and (3) is customarily accepted as a medium of exchange in the country of issuance."

 

Take a sovereign. It is legal tender but does not circulate, and isn't accepted as a medium of exchange in the UK.

Of course, it is a gold coin which they are clear on but they need more "and/or"s than "and"s. ;) Just declare everything or swallow it.

Edited by Prophecy

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I have a gold ¬£1 coin, the 22k 20g circulated kind!¬†Could put plenty¬†of these bad bad boys in your¬†wallet / change bag and say it‚Äôs for the parking meter at¬†the airport. It could be circulated although you wouldn‚Äôt want to! ūüėā


Decus et tutamen (an ornament and a safeguard)

YouTube - https://www.youtube.com/channel/UC5OjxoCIsDbMgx7MM_l4CmA

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14 minutes ago, Prophecy said:

They don't make it easy:

 

"The coin and paper money of the United States or any other country that is (1) designated as legal tender and that (2) circulates and (3) is customarily accepted as a medium of exchange in the country of issuance."

 

Take a sovereign. It is legal tender but does not circulate, and isn't accepted as a medium of exchange in the UK.

Of course, it is a gold coin which they are clear on but they need more "and/or"s than "and"s. ;) Just declare everything or swallow it.

Don't swallow it!¬†TSA loves a good treasure hunt. ūüė≥


"Trust but verify."

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Jacob. If I was you the best way to go about this is to seek legal advice from immigration lawyers. 


"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. But if you want to continue as the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit."

Sir Josiah Stamp, Director of the Bank of England

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16 hours ago, Neuri0n said:

Hey guys, 

My partner and I are travelling to the states in a year or so ahead of a relocation. I'll be transporting some of my gold to store over there, and I'm aware that you can take up to $10,000 worth without declaring it. Given their previous confiscation efforts, I'd rather not, hence moving some ahead of time. 

Would both my partner and I have a combined $10,000 pre-declaration limit, or would that be $10,000 each? I've tried to find an answer but even CBP don't make it clear.  

Thanks, 

Jacob 

How much value in gold are you planning on moving there?

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You would probably learn as much by watching Border Security Americas Front Line as asking us.

That form up above says I or we so I would work on the basis that it is not $10k each but $10k between the two of you.

And don't forget that you need to add in all other currency you take.  No good carefully calculating your gold to $9999 only to find the fiver in your jeans pocket puts you over the limit.

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1 hour ago, HGr said:

Are they special coins? What about selling here, then buying again over there? Although availability might be an issue, who knows what will happen! 

Old fashioned ‚ÄúBed & Breakfast‚ÄĚ ūüĎćūüŹĽ¬†


Decus et tutamen (an ornament and a safeguard)

YouTube - https://www.youtube.com/channel/UC5OjxoCIsDbMgx7MM_l4CmA

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1 hour ago, HGr said:

Are they special coins? What about selling here, then buying again over there? Although availability might be an issue, who knows what will happen! 

Nothing special, I only stack weight. Thing is though, from what I understand gold is slightly more expensive over there than what we can get in the UK. 

What you suggested is what I'm doing with my silver though. The good news is that I can increase my stack by another fifth or so by selling and buying cheaper over there. Bad news is  I'm missing out on all the really cool stuff cause I'm just stacking generic gov minted coins knowing I'll have to sell them. 

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49 minutes ago, Neuri0n said:

Nothing special, I only stack weight. Thing is though, from what I understand gold is slightly more expensive over there than what we can get in the UK. 

What you suggested is what I'm doing with my silver though. The good news is that I can increase my stack by another fifth or so by selling and buying cheaper over there. Bad news is  I'm missing out on all the really cool stuff cause I'm just stacking generic gov minted coins knowing I'll have to sell them. 

You could sell all your silver here then re-buy it over there. Not sure of the details though because im a gold man (and all my gold is vaulted remotely so can transfer it through them)

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2 hours ago, Prophecy said:

You could sell all your silver here then re-buy it over there. Not sure of the details though because im a gold man (and all my gold is vaulted remotely so can transfer it through them)

Sounds like a postage nightmare in all honesty. Dread to think what it'd cost. 

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