Buying PM from overseas

Discussion in 'Questions & Comments' started by alwayslooking, Dec 26, 2016.

  1. alwayslooking

    alwayslooking New Member

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    I have been looking at a few gold coins from a dealer in the US and was wondering what dollar value a duty fee kicks in when being sent to Australia. I think it used to be above $400 but that was a few years back. I haven't had any problems so far with smaller $$ items but I am a bit nervous hitting the "purchase " button on these. I am also a bit gun shy of ordering since (many years ago) I had a large cheque sent to Tanzania because somebody spelled Tasmania with a Z ! lol If anyone has some good advise for a newbie it would be greatly appreciated.
     
  2. SilverDJ

    SilverDJ Well-Known Member

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    Anything under AU$1000 including shipping will not be be touched.
    The $400 limit was increased many many years ago now.
    Beware currency conversion rates putting you over AU$1000 they will often use inflated rates, so keep a decent margin under.
     
  3. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Not worth the risks. Buy from local trusted dealers.
     
  4. sfstacker

    sfstacker New Member

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    Bullion should be duty free. I recently made a trade with someone in the forum here. My bullion bar for their ring. I looked up tax codes on both sides. I even called US Customs.

    Because AUS is part of the free trade agreement there should be no duties.
    https://www.border.gov.au/Factsheets/Documents/importingpreciousmetalcoinsandbullions.pdf

    Shouldn't be any duties on my side (US) for the ring either because it also falls under the duty free section of the Free Trade Agreement.
     
  5. Beyond

    Beyond Well-Known Member

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    oversea is more cheap

    use regis ter and express no risk 99%

    i bought coins 99.95% from oversea
    never pay any tax
    declare always around 300$ onlyeven value above 10000$
     

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