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The "P" word! What does it mean?
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<p>[QUOTE="red_spork, post: 2525871, member: 74282"]I certainly think we will see more and more types come under the umbrella of various MOUs in the future but I doubt we'll ever see any requirement of provenance to transfer coins within the US. As it stands right now there are requirements for the import of certain pre-denarius types as well as various Roman colonial types, but once the coin is in the US, there's no requirement to show proof of legal importation or provenance if it's transferred to another collector within the US.</p><p><br /></p><p>The problem with these laws is that they really are not practically enforceable. They are a stumbling block to collectors who want to remain law-abiding citizens, but at the end of the day the customs official who sees a customs form that just says "coin" or "collectable" or "numismatic material" and the value has no idea whether it's covered by an MOU or not and I doubt your average customs agent cares enough to examine every coin that comes through. I've only ever had a single coin held up and examined in customs and it was also the only coin I've ever had a dealer put a full description of on the customs form(and one I won't work with again for that reason because now my mail carrier knows exactly what the small packages I receive are). Every other coin I've bought from overseas just said "coin" or something similarly vague.[/QUOTE]</p><p><br /></p>
[QUOTE="red_spork, post: 2525871, member: 74282"]I certainly think we will see more and more types come under the umbrella of various MOUs in the future but I doubt we'll ever see any requirement of provenance to transfer coins within the US. As it stands right now there are requirements for the import of certain pre-denarius types as well as various Roman colonial types, but once the coin is in the US, there's no requirement to show proof of legal importation or provenance if it's transferred to another collector within the US. The problem with these laws is that they really are not practically enforceable. They are a stumbling block to collectors who want to remain law-abiding citizens, but at the end of the day the customs official who sees a customs form that just says "coin" or "collectable" or "numismatic material" and the value has no idea whether it's covered by an MOU or not and I doubt your average customs agent cares enough to examine every coin that comes through. I've only ever had a single coin held up and examined in customs and it was also the only coin I've ever had a dealer put a full description of on the customs form(and one I won't work with again for that reason because now my mail carrier knows exactly what the small packages I receive are). Every other coin I've bought from overseas just said "coin" or something similarly vague.[/QUOTE]
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The "P" word! What does it mean?
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