Buying from the USA?

Discussion in 'Silver' started by SilAuOz, Oct 16, 2018.

  1. SilAuOz

    SilAuOz Member

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    Any advise on purchasing from the USA?

    What are the things to watch for?

    Is this a done thing when the price/availability is right?

    Bullion dealers to use?

    Thanks in advance for any opinions/advise.
     
  2. ozcopper

    ozcopper Administrator Staff Member

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    Watch getting stung with GST!!!!!!!!!!!!!
     
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  3. stackmans

    stackmans Member

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    Keen to understand more on this myself. There are some pieces which are near impossible to find here but easy to get over there. GST and inport duties will be a trap.
     
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  4. SilAuOz

    SilAuOz Member

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    Thankyou....any idea on where you would find out the GST cost?
    Would the bullion dealers disclose this?
     
  5. Buffaloknight

    Buffaloknight Member

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    GST is 10%.

    Many US silver sellers have free US shipping.

    To buy silver from the US:
    1. Sign up for an account with a freight forwarding service such as Shipito, Hop-Shop-Go or Parcl. Freight forwarding services provide Australian shoppers with a US address to give to the retailer, and then ship the package to Australia for a fee.
    The freight forwarding service will add the 10% GST.
    2. Receive your silver items.

    Or you can lodge alot of forms, be charged "processing fees", "customs charges" and post your arguments with customs officials on this site. Your choice. I find it is better to just pay the GST and avoid the hassle...
     
    Last edited: Oct 16, 2018
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  6. alor

    alor Well-Known Member Silver Stacker

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    never buy from eBay...they use centralized shipping centers...guarantee to steal your silver
     
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  7. BiGs

    BiGs Active Member

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    From memory, if value under $10k AUD then you don't need to lodge an import declaration form to receive. GST not applicable on investment grade gold or silver (99.9%+). The sender needs to declare consignment properly though (99.9%) or you might get a customs fee for manually looking. I would only advise to order from a producer/mint TBH.
     
  8. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Don't do it unless you have too. It's not worth buying from anywhere overseas. Postage, GST, problems if it lost in mail or with returns. It's just not worth it. Buy in person from your trusted local bullion dealer is best.
     
  9. monopolize

    monopolize Well-Known Member Silver Stacker

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    Shipito won't ship bullion or coins. Not sure about the others.

    GST is only payable on numismatics, not bullion. And if you buy from a dealer that doesn't charge GST at their end and you stay under $1000 you won't get stung when it goes through customs here.

    In terms of bullion dealer I would recommend Apmex. They're aware of Australian customs requirements. You sign a declaration form which states you're importing investment grade bullion which goes with your shipment. When it gets here you get a call from the Courier to pay the $80 or $90 customs fee and bobs your uncle.
     
  10. SilAuOz

    SilAuOz Member

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    Tha
    Thanks for the reply ..... that clears up some grey areas.
     
  11. SilAuOz

    SilAuOz Member

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    Yep .... to high risk no that you mention that, thanks for you input.
     
  12. SilAuOz

    SilAuOz Member

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    Thanks for the info, I googled this and it was not as clearly layed out as your response....Thanks
     
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  13. SilAuOz

    SilAuOz Member

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    Thanks Skyrocket....it seems its not the best option based on all comments,be good if availability of some lines kick in again soon....thanks!!
     
  14. SilAuOz

    SilAuOz Member

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    Thanks monopolize i will dig a little deeper on Apmex website.
     
  15. SilAuOz

    SilAuOz Member

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  16. SilAuOz

    SilAuOz Member

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    Thanks for your response, what formate did you use to contact them and get quick responses to your enquiries?
     
  17. SilAuOz

    SilAuOz Member

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  18. tongkat

    tongkat Active Member Silver Stacker

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    Hire a freight forwarder, they will handle everything for you.
     
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  19. GF

    GF Active Member Silver Stacker

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    I like buying when I’m in America. Found some pawn shop jems in the boonies and shopping for silver in the diamond district in New York is a spinout. Always carry on and never a problem....curious TSA is the worst of it.
     
  20. SilAuOz

    SilAuOz Member

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    So when you purchase do you just add to personal carry on?
    And you dont declare?
     

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