Bringing in under $1000 of pms from US

Discussion in 'General Precious Metals Discussion' started by Chillidog, Aug 7, 2011.

  1. Chillidog

    Chillidog New Member Silver Stacker

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    If you were bringing in the above how would you
    1. Calculate the $1000 metal. weight no of oz x spot pricer or sale price?
    2. What would you label it as?
     
    Chillidog, Aug 7, 2011
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  2. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Depends if it was legal tender PMs.
     
    Big A.D., Aug 7, 2011
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  3. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Good thread - no idea as to what would be the optimal scenario
     
    THUCYDIDES79, Aug 7, 2011
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  4. Chillidog

    Chillidog New Member Silver Stacker

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    Yes all legal tender and .999 pure
     
    Chillidog, Aug 7, 2011
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  5. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Face value.

    There's not much point in having currency if nobody pays attention to the bit that says how much it's worth.
     
    Big A.D., Aug 7, 2011
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  6. jpanggy

    jpanggy Active Member

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    there should not be any problem even if you bring more than 10k

    99.99% pure bullions (silver and gold) are input taxed(for private use) or gst exempt(for dealers with abn and business registration).

    You might have to declare to customs, but there is no grounds to for confiscation.

    I have in the past carried currency in excess of 10k.

    I have not carried gold above that amount, but it should not be a problem because gold and silver are tax free imports anyway. tax of anything on 0 is 0.
     
    jpanggy, Aug 7, 2011
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  7. Chillidog

    Chillidog New Member Silver Stacker

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    Agreed over $1000 declaration but don't you get charged $68 customs handling fee. No fees under $1000
     
    Chillidog, Aug 7, 2011
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  8. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Bringing in with you in your luggage or on person? Or getting sent to you via post?
     
    mmm....shiney!, Aug 7, 2011
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  9. Lovey80

    Lovey80 Well-Known Member

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    I think you only have to declare once over the 10k mark on the customs form. So technically 9999 Silver Dollars should be fine.
     
    Lovey80, Aug 7, 2011
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