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View Full Version : What's a good Silver Eagle "Exit Strategy"??



BullionBob
20th May 2009, 07:31
I have 500 silver eagle coins and I wanted to leave the country without being stopped or having the government confscate them. whats the best way to do you ? Should I bring a few friends and divy up the coins amongst our luggages . Would it be okay to have them in carry-on bags with you? Or would it be better to ship them overseas to the location we're headed and meet the packages there?

Gen Ripper
20th May 2009, 07:59
Probably not an option but: Take a cruise, they dont check anything. Seriously.

Steadfast
20th May 2009, 08:36
Mailing them registered and insured to be signed for at delivery to a friend in the other country, and then joining him later, after delivery is confirmed is probably your best bet...

Then there is always hireing a private plane to "hop you in" is another great option.

Paul
20th May 2009, 09:54
This could be complete rubbish but I heard that the customs here (UK) check 90% of packages that come into the country? I must admit that this was from a site selling precious metal in-country so this fact is good for them.

I can't imagine them being able to do that volume of checking?

Golden
20th May 2009, 15:18
Why would they confiscate measly 500$ in legal US currency ?

The bigger problem is VAT on silver in all EU countries.

Where are you going, are you driving, flying.. it all depends..

hiyosilver
20th May 2009, 23:14
500 ozt. = 34.28571 lbs. avdp. I'm not sure what the carry on weight limit is now. It is legal currency of $500.

fansubs_ca
21st May 2009, 02:46
This could be complete rubbish but I heard that the customs here (UK) check 90% of packages that come into the country? I must admit that this was from a site selling precious metal in-country so this fact is good for them.

I can't imagine them being able to do that volume of checking?

Here in Canada my experience with mail ordered items from the U.S. is that
50% of packages in general are opened. If it's declaired as a VHS tape
about 90% are opened and checked because they are hoping for some
porn to watch. (I always had this mental image of a disappointed Canada
Customs agent exclaiming "Damn it! Doesn't this guy ever get any porn?" :D )

So that degree of checking is plausable. At least it's better than Singapore
where the "censorship board" charges you by the minute to watch your
videos. :-?

Problem with mailing over a border is that the recieving country expects
a truthfull declairation of the contents on the form on the outside of the
box. (Even if it would be tax exempt items.) Of course there is no way
to do this without informing every person that handles it what it is. Not
a problem with a $3 to $10 video tape or even a few hundred dollars
worth of electronics but a bit more of an issue when it's over $1000 of
precious metals.

With you is best, that way the only point you are required to say what
you have is upon arriving in a country. Of course also avoiding air travel
is also good, besides having to concern yourself with what can go through
security there are the issues addressed in this thread:

http://forums.silverseek.com/showthread.php?t=7013

Gen Ripper had the best advice, if time allows take a cruise that way you
only have to go through a checkpoint when you get off the boat rather
than on the boat. (Or drive a private car if there is no water in the way
of where you want to go.) Do check ahead of time what if any taxes or
restrictions exist in the country you are going to so you are not caught
by suprise. Remember most countries are more concerned about what
you are bringing in rather than taking out and in most cases it may just
be a matter of tax, or sometimes not even that. Trying to hide what
you are carrying on the way into a country will make it very likely to be
seized so you want to avoid that.

You'ld need to say what country you want to go to in order to get more
specific advice.

Ancona
21st May 2009, 07:37
As far as the U.S. government is concerned, SAE's are legal tender one dollar coins.

Period.

I do a very significant amount of travelling, and have never been stopped or questioned by customs agents when carrying silver or gold eagles. When they see them in the X-ray, they sometimes ask to open up a cylinder to look at them, but usually nothing more.

silverbuyer
30th May 2009, 11:08
Cruise baggage handlers are no more to be trusted than airline baggage handlers, who are total thieves as evidenced by many sting operations over the years USA and WorldWide.. Stuff gets ripped off on cruises as well as airlines. Your entire bag can disappear and you will have some kind of minimal nickel and dime claim. Currency and Bullion are normally excepted from Insurance. You need to ask a major bullion dealer what to do or go to websites that sell and buy internationally. You could also ask your own Insurance Agent.

You may be able to carry on board, but Customs, depending on Country, is the real issue. Why not sell it abd rebuy the local flavor in country you're headed?

What is Truth?
30th May 2009, 16:07
Why not do it the legal way? Pay the tax or duty if they require it. What country is going to confiscate your silver? Get real. Mountain out of a molehill IMO. On second thought, if you screw around smuggling it in you just might get it confiscated.

pilotmaf
30th May 2009, 23:20
I just traveled on the airline with 40 silver half dollars in a roll. Went through security and the kid on the x-ray machine said,

TSA: "do you have something in a roll?"

ME: "yes coins"

TSA: "uh, what are they?"

ME: "half dollars"

TSA: "uh OK"

I think he was running late getting to the snack bar.

Golden
31st May 2009, 11:44
What did you expect him to do ? Fall over 20 bucks ?

Yabezlas
2nd June 2009, 19:32
If I wanted to transport $500 in silver eagles, I would carry it in every pocket I had and as well those of my traveling partners. After passing check points I would consolidate it to a single carry-on bag, and divide it up again upon arrival. Carry it as if it were spending money. Leave a few pieces loose to appear as though you are willing to exchange it.

hiyosilver
3rd June 2009, 02:10
If I wanted to transport $500 in silver eagles, I would carry it in every pocket I had and as well those of my traveling partners. After passing check points I would consolidate it to a single carry-on bag, and divide it up again upon arrival. Carry it as if it were spending money. Leave a few pieces loose to appear as though you are willing to exchange it.


"Remove your shoes and your belt, and empty your pockets and put it all into this plastic tub, sir."......kachink, kachink, kachink....everybody within hearing distance will be trying to get a look into that tub....be sure and wear a t-shirt too, that says, "follow me and knock me in the head"

duneyman jr
3rd June 2009, 10:20
just goto the money exchange and get u 500 dollars worth of paper foreign money.

pilotmaf
4th June 2009, 18:28
What did you expect him to do ? Fall over 20 bucks ?

I expected him to actually look at something he thinks is suspicious instead of taking my word that what I had in my bag was not a security threat. He actually tried to call over his supervisor to look at the Xray but the super was on break. Maybe it was a small pipe bomb or a metal tube with something else in it, who knows. The TSA guy had no idea.

Prospector
7th June 2009, 20:25
I don't know much about crossing borders, but I do know that there is a VAT tax on silver in many places, but no tax on gold. I would trade the silver for 8 oz of gold and carry those in a pocket. Eight GAEs would have a face value of $400.

fansubs_ca
8th June 2009, 00:53
Cruise baggage handlers are no more to be trusted than airline baggage handlers

Though I'm assuming it's easier to carry on/off your own stuff on a ship than
on a plane. Yes, it would have to stay in the presence of yourself or a very
trustworthy traveling companion for the duration of the trip to avoid theft
out of the cabin. On a plane the problems are security checks on the way
on drawing attention to what you have and limits on what you can carry on.