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Court ruling on importation of ancient coins!
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<p>[QUOTE="red_spork, post: 3156180, member: 74282"]These laws entirely deal with importation, possession is not illegal and everything already in the US is 100% safe. As far as I can tell, once a coin gets through customs and is in your hands even if you import it today, it's likely safe as well. If you read the first part of the court decision it spells out the lengths that the ACCG had to go to actually get the government to seize anything in the first place which was basically to create an invoice explicitly spelling out the restricted status of the coins and then to fly them into the US via plane and explicitly declare them at customs, presumably pointing out the invoice discussing their status and only then were they seized.</p><p><br /></p><p>These laws have been on the books for years and yet most of the collectors here are not well enough versed with them to even know when they're importing a coin that <i>could</i> be seized. Moreover, US-based collectors post restricted coins here regularly that they describe as having purchased in overseas auctions or from overseas dealers without any mention of provenance or import troubles so as much as I hate that these laws are on the books and that they theoretically could restrict US-based collectors, I simply haven't seen it yet. I've seen collectors restrict themselves in some instances and purchase only provenanced coins of these restricted types but they seem to be the minority. This could all change tomorrow of course and Customs could decide they're going to open every package they see with a coin in it and spend the time to properly attribute and then determine if it's on a restricted list but where's the funding for that?</p><p><br /></p><p>Also, the US government is quite proud when they do make seizures. Proud enough that they publish it all online at <a href="https://www.forfeiture.gov/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.forfeiture.gov/" rel="nofollow">Forfeiture.gov</a> and all I can find searching for "coin" are counterfeit precious metal modern coins and handbags so far. I check this site every so often and when I have seen ancient coins being seized it seems to always be part of a larger general asset seizure generally due to Civil Asset Forfeiture against a drug dealer or something else as opposed to an actual seizure under the laws being discussed here.[/QUOTE]</p><p><br /></p>
[QUOTE="red_spork, post: 3156180, member: 74282"]These laws entirely deal with importation, possession is not illegal and everything already in the US is 100% safe. As far as I can tell, once a coin gets through customs and is in your hands even if you import it today, it's likely safe as well. If you read the first part of the court decision it spells out the lengths that the ACCG had to go to actually get the government to seize anything in the first place which was basically to create an invoice explicitly spelling out the restricted status of the coins and then to fly them into the US via plane and explicitly declare them at customs, presumably pointing out the invoice discussing their status and only then were they seized. These laws have been on the books for years and yet most of the collectors here are not well enough versed with them to even know when they're importing a coin that [I]could[/I] be seized. Moreover, US-based collectors post restricted coins here regularly that they describe as having purchased in overseas auctions or from overseas dealers without any mention of provenance or import troubles so as much as I hate that these laws are on the books and that they theoretically could restrict US-based collectors, I simply haven't seen it yet. I've seen collectors restrict themselves in some instances and purchase only provenanced coins of these restricted types but they seem to be the minority. This could all change tomorrow of course and Customs could decide they're going to open every package they see with a coin in it and spend the time to properly attribute and then determine if it's on a restricted list but where's the funding for that? Also, the US government is quite proud when they do make seizures. Proud enough that they publish it all online at [URL='https://www.forfeiture.gov/']Forfeiture.gov[/URL] and all I can find searching for "coin" are counterfeit precious metal modern coins and handbags so far. I check this site every so often and when I have seen ancient coins being seized it seems to always be part of a larger general asset seizure generally due to Civil Asset Forfeiture against a drug dealer or something else as opposed to an actual seizure under the laws being discussed here.[/QUOTE]
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Court ruling on importation of ancient coins!
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