Australian taxes on importing lunars

D

dccpa

Active Member
Hello everyone, I haven't been active in the last few years. A few days ago, United Airlines made me an offer I couldn't refuse. Less than $600USD for a round trip ticket from Nowhereville, US to Sydney (Mid Nov- early Dec.).

What are the rules on bringing gold and silver coins into the country? I thought there was a thread on this subject, but couldn't locate it. It's been years since I looked, but I have rolls of S2 1oz silver mice, tigers, horses, dragons & snakes. S2 1oz gold lunars Mice-Goat. If it makes a difference, but some lunars were imported to the US by me directly from Ainslie.

I have other AU coins and a lot of non AU coins, but I was just trying to get an idea if some kind of customs tax would kill the deal. Thanks.
 
It shouldn't be an issue with the Australian coins as they are free of sales tax/GST. Other coins need to fit the definition, which is recognised mark/brand and 99.9%+ pure for silver of 99.5%+ for gold, so don't bring in any Eagles or Kruggerands.

To be on the safe side I'd bring any purchase receipts with you, particularly teh Ainslie ones as they will prove no GST was charged when you bought them. If the total market value is over $10,000 might best to declare them on the form. While there is debate whether legal tender coins are reportable at their face value or market value, best to declare.
 
bron.suchecki said:
It shouldn't be an issue with the Australian coins as they are free of sales tax/GST. Other coins need to fit the definition, which is recognised mark/brand and 99.9%+ pure for silver of 99.5%+ for gold, so don't bring in any Eagles or Kruggerands.

To be on the safe side I'd bring any purchase receipts with you, particularly teh Ainslie ones as they will prove no GST was charged when you bought them. If the total market value is over $10,000 might best to declare them on the form. While there is debate whether legal tender coins are reportable at their face value or market value, best to declare.
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Thanks Bron
 
Thanks. If it is an exempt item as Bron stated, then I would think the $1000 import tax would not apply.
 
dccpa said:
Thanks. If it is an exempt item as Bron stated, then I would think the $1000 import tax would not apply.
Click to expand...

Yep, its not an "import tax" just applying GST. If the item doesn't have GST charged on it, then you won't have to pay, but that does require "luck" as not all customs people may be aware PMs don't have GST.
 
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