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<p>[QUOTE=&quot;robinjojo, post: 26131424, member: 110226&quot;]I found this message in my inbox this morning:</p><p><br /></p><p><b>President Trump has introduced tariffs for the majority of imports into the US, including collector coins. While changes to these tariffs may be made at any time without notice, and we don&#039;t know what the future will bring, here is what we know as of 10 AM on April 4:</b></p><p><b><br /></b></p><p><b>-No coins have been exempted from the tariffs.</b></p><p><b>-Coins entering the United States will be subject to tariffs based on the country of origin, meaning the country of manufacture. A coin from a mint located in what is now modern Greece will be tariffed at the rate for Greece (i.e., the European Union) regardless of where the coin has been held or where it is shipped from.</b></p><p><b>-Although tariffs are not the same as import VAT, our European customers and colleagues are familiar with the taxation of incoming coins. US customers have not had to deal with this issue in the past. One difference from import VAT is that, as far as we know, tariffs that are paid cannot be reclaimed later upon export from the US.</b></p><p><b>-Coins already in the United States and sold to buyers in the United States are not subject to any tariff.</b></p><p><b>-Coins already in the United States and sold to buyers outside the United States continue be subject to regulations of the buyer&#039;s home country.</b></p><p><b>-Coins purchased by US buyers from dealers or auction houses abroad will be subject to US tariffs, even if those coins were consigned to the sellers by collectors or dealers in the US.</b></p><p><b>-The US buying market is believed to constitute the majority of world purchasing power of ancient and world coins.</b></p><p><b><br /></b></p><p><b>The good news for US customers of CNG is that the coins in our auctions through the end of June are already in the US at our Lancaster, PA headquarters. None of these coins, when sold, will be subject to any new US tariffs. This gives us three months to evaluate how this situation might change. (The one exception is our Islamic Auction 9, which will be held in London on 24-25 April 2025.)</b></p><p><b><br /></b></p><p><b>One thing is certain at the moment: if coins are sent from the US to other countries, they are subject to US tariffs if they are returned or sold back into the US. US collectors will need to think carefully before sending coins abroad, whether on consignment or for any other reason. And US collectors buying from foreign auctions will need to factor in the tariff costs when deciding how to bid. For the moment, coins sold in the US face no additional costs for US buyers, but coins sold outside the US will incur tariffs if they are imported into the US.</b></p><p><b><br /></b></p><p><b>CNG is an international firm, fully capable of conducting auctions in both Europe and the US, and as such we will be able to respond to this changing situation in the way that best serves both our customers and buyers.</b></p><p><b><br /></b></p><p><b>We at CNG will be monitoring developments and will do our best to keep numismatics as enjoyable and rewarding as possible for all our customers, wherever they may be.</b></p><p><b><br /></b></p><p><b>Mike Gasvoda</b></p><p><b><br /></b></p><p><b>Managing Director</b></p><p><b><br /></b></p><p><b>Classical Numismatic Group, LLC</b></p><p><br /></p><p>I imagine that coins purchased by collectors during a visit to Europe or elsewhere will be subject to tariffs upon arrival in the US at US Customs.&nbsp; I&#039;m not sure how this would work.&nbsp; Another mess![/QUOTE]</p><p><br /></p>

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