Buying from the USA?

S

SilAuOz

Member
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.
 
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.
 
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...
 
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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.
 
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.
 
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.
 
Tha
Buffaloknight said:
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...
Click to expand...
Thanks for the reply ..... that clears up some grey areas.
 
BiGs said:
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.
Click to expand...
Thanks for the info, I googled this and it was not as clearly layed out as your response....Thanks
 
Skyrocket said:
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.
Click to expand...
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!!
 
monopolize said:
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.
Click to expand...
Thanks monopolize i will dig a little deeper on Apmex website.
 
A Carr said:
Good timing on your question! I actually just bought some great products in the USA. I had a really good experience with this bullion dealer: https://bullionexchanges.com/ they were so quick to help and answer some of my dumber questions. They have a solid process in place and are very trustworthy. Message me if you have more questions!
Click to expand...

A Carr said:
Good timing on your question! I actually just bought some great products in the USA. I had a really good experience with this bullion dealer: https://bullionexchanges.com/ they were so quick to help and answer some of my dumber questions. They have a solid process in place and are very trustworthy. Message me if you have more questions!
Click to expand...
 
A Carr said:
Good timing on your question! I actually just bought some great products in the USA. I had a really good experience with this bullion dealer: https://bullionexchanges.com/ they were so quick to help and answer some of my dumber questions. They have a solid process in place and are very trustworthy. Message me if you have more questions!
Click to expand...
Thanks for your response, what formate did you use to contact them and get quick responses to your enquiries?
 
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.
 
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