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  • » Taking pm on a a domestic flight

#1 2012-11-12 23:05:52

xag
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From: Australia
Registered: 2011-10-23
Posts: 163
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Taking pm on a a domestic flight

Am i able to take about 60oz of coins and bullion on board as hand luggage?

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#2 2012-11-12 23:08:15

hiho
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From: South Brisbane
Registered: 2011-04-04
Posts: 8,100
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Re: Taking pm on a a domestic flight

yes but have evidence of ownership just in case

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#3 2012-11-12 23:11:06

xag
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From: Australia
Registered: 2011-10-23
Posts: 163
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Re: Taking pm on a a domestic flight

Uh, hit and miss on some of the purchases. Majority of it was bought privately

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#4 2012-11-12 23:13:44

goldpelican
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From: Aust/USA
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Re: Taking pm on a a domestic flight

hiho wrote:

yes but have evidence of ownership just in case

?


My posts on Silver Stackers are either personal opinion or acting in the capacity of site administrator. Opinions offered do not constitute professional or financial advice.

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#5 2012-11-13 00:20:58

willrocks
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Re: Taking pm on a a domestic flight

hiho wrote:

yes but have evidence of ownership just in case

In case of what? Airport security take them?


"You can ignore reality, but you cannot ignore the consequences of ignoring reality." - Ayn Rand

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#6 2012-11-13 00:23:14

Cimexus
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From: Wisconsin, USA / Canberra, ACT
Registered: 2011-09-22
Posts: 295
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Re: Taking pm on a a domestic flight

I travel with PMs quite regularly - domestic and international. Never had a problem. Including coming back from the US with 3 mint tubes (i.e. 60 oz) of ASEs.

I hold mostly coins rather than bars though. On the X-ray they'll just look like any regular coins so I suppose they don't look suspicious (since everyone travels with money!). Bars might attract suspicion as the X-ray people won't be as used to seeing them.

Also as mentioned above, there are limits to the amount of cash or equivalent you can take out of the country before you have to declare it. That limit is $10,000 AUD at the present time. So if the value of the bullion exceeds $10k, and it's an international flight, you should declare it. Nothing illegal about doing this ... but you just have to declare.

Last edited by Cimexus (2012-11-13 00:26:23)

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#7 2012-11-13 00:41:01

hiho
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From: South Brisbane
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Re: Taking pm on a a domestic flight

willrocks wrote:
hiho wrote:

yes but have evidence of ownership just in case

In case of what? Airport security take them?

I can imagine that in some circumstances an over exubant security official suspects that you may be carrying ill-gotten funds, if you have proof of ownership this will ensure a swift transition through all checks.  I will say however I have not been asked to provide any evidence yet and that includes a movement of PM OS on a number of ocasions.

Moral to the story better to be safe than sorry

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#8 2012-11-13 01:43:59

lucky luke
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From: Qld
Registered: 2011-05-15
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Re: Taking pm on a a domestic flight

hiho wrote:
willrocks wrote:
hiho wrote:

yes but have evidence of ownership just in case

In case of what? Airport security take them?

I can imagine that in some circumstances an over exubant security official suspects that you may be carrying ill-gotten funds, if you have proof of ownership this will ensure a swift transition through all checks.  I will say however I have not been asked to provide any evidence yet and that includes a movement of PM OS on a number of ocasions.

Moral to the story better to be safe than sorry

The thread pertains to domestic flight. I'd love to see any exorbitant security official question me about MY property. It'd be none of his bloody business where I got my pm's from, with or WITHOUT proof of ownership.  International flights would be a different kettle of fish though.


In the world of perception management "Beliefs are stronger than facts".

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#9 2012-11-13 01:44:25

steve.rsa
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Re: Taking pm on a a domestic flight

Cimexus wrote:

So if the value of the bullion exceeds $10k, and it's an international flight, you should declare it. Nothing illegal about doing this ... but you just have to declare.

Face value or bullion value?


It's the internet.
We argue about everything until someone posts a picture of a cat. That's how it works around here, right?

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#10 2012-11-13 01:57:53

Clawhammer
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From: Gone Fishin'
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Re: Taking pm on a a domestic flight

Been on 4 domestic flights todays...and i can tell you...there was nothing "domestic" about them sad

God I hate those flying cattle trucks hmm


Specialisation is for insects

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#11 2012-11-13 02:04:01

bordsilver
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From: The rocks
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Re: Taking pm on a a domestic flight

willrocks wrote:
hiho wrote:

yes but have evidence of ownership just in case

In case of what?


+1. Never any issues RE receipts etc, but if lugging silver just be prepared to have it inspected (comes up on their scanners). A few ounces of gold in the wallet goes straight through but a few kilos in the bag gets inspected. They're generally fine with private viewing etc (i.e. they won't blab it over the loudspeaker to all and sundry).


The only good tax is a repealed tax.

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#12 2012-11-13 02:41:02

Cimexus
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From: Wisconsin, USA / Canberra, ACT
Registered: 2011-09-22
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Re: Taking pm on a a domestic flight

steve.rsa wrote:
Cimexus wrote:

So if the value of the bullion exceeds $10k, and it's an international flight, you should declare it. Nothing illegal about doing this ... but you just have to declare.

Face value or bullion value?

Well, that's the question, isn't it smile For bars, obviously bullion value, but for legal tender coins you could argue both ways...

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#13 2012-11-13 02:53:19

goldpelican
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From: Aust/USA
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Re: Taking pm on a a domestic flight

Recent experience:

Security: Who's bag is this?
Me: Mine - I would like a private screening please.
Security: What's in the bag?
Me: Um, I would like a private screening please.
Security: Why? What's in it?
Me: I'd rather not say in public.
Security (blushes, makes assumption): Oh, um, well, of course sir, I see, we totally respect your privacy and don't make any judgements...

(later in the room)
Security: Oh, it's gold! Oh. Oh. Sorry.

Dunno what he thought I had in the bag lol


My posts on Silver Stackers are either personal opinion or acting in the capacity of site administrator. Opinions offered do not constitute professional or financial advice.

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#14 2012-11-13 03:44:28

bloomst
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From: Melbourne, Australia.
Registered: 2012-07-16
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Re: Taking pm on a a domestic flight

PM pleasure aid?


I am the Petal who like metals smile

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#15 2012-11-13 05:31:58

Court Jester
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Re: Taking pm on a a domestic flight

I think you would be pretty safe going on face value of the coins

and I don't think the $10000 limit mentions gold/silver on the form.


<--------------------------------------------------------- SIDEWAYS --------------------------------------------------------->
quote=sammysilver 25/10/13  ----- PMs will drive silver to over $30 by Christmas with the GSR dropping to sub 50. I've overextended myself at sub $24 but will keep buying up to $30 then sell half my stack at Easter at $36 and buy up on the next dip if there is one.
Running Telly of incorrect to correct Predictions by SammySilver -- 7:1 as of 10/08/16

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#16 2012-11-13 05:52:20

lucky luke
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From: Qld
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Re: Taking pm on a a domestic flight

Court Jester wrote:

I think you would be pretty safe going on face value of the coins

and I don't think the $10000 limit mentions gold/silver on the form.

Re: value. It is bullion value NOT face value.

re: $10 000 limit DOES apply to silver and gold.


In the world of perception management "Beliefs are stronger than facts".

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#17 2012-11-13 06:06:10

Clawhammer
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Re: Taking pm on a a domestic flight

Also, security staff may only open a bag with your permission. But that won't stop them from trying to open it without your permission.  In some cases it's a dismissable offence. You could raise the issue by asking them what their supervisor's policy on staff conducting illegal uncondoned luggage inspections ?

That got me into a private viewing room quickly just about as fast as they found their manners again.  They even detected explosives residue on my clothes from the quarry I'd just inspected & had no choice but to let me on...hehehe... f@#ers!!!


Specialisation is for insects

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#18 2012-11-13 06:16:04

hussman
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Registered: 2011-12-02
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Re: Taking pm on a a domestic flight

Lets say you want to leave the country with 30oz of gold coins. since the bullion value is much greater than $10,000 what are you meant to do?

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#19 2012-11-13 06:19:36

whinfell
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From: Australia
Registered: 2012-03-22
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Re: Taking pm on a a domestic flight

lucky luke wrote:
Court Jester wrote:

I think you would be pretty safe going on face value of the coins

and I don't think the $10000 limit mentions gold/silver on the form.

Re: value. It is bullion value NOT face value.

re: $10 000 limit DOES apply to silver and gold.

What's your source of information for this? 

I see nothing on the Austrac site that mentions reporting of bullion value for travellers - http://www.austrac.gov.au/info_for_travellers.html

Thanks!

Last edited by whinfell (2012-11-13 06:33:28)

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#20 2012-11-13 06:31:02

goldpelican
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Re: Taking pm on a a domestic flight

lucky luke wrote:
Court Jester wrote:

I think you would be pretty safe going on face value of the coins

and I don't think the $10000 limit mentions gold/silver on the form.

Re: value. It is bullion value NOT face value.

re: $10 000 limit DOES apply to silver and gold.

Got a reference for this?


My posts on Silver Stackers are either personal opinion or acting in the capacity of site administrator. Opinions offered do not constitute professional or financial advice.

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#21 2012-11-13 06:33:06

Court Jester
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From: Gold Coast QLD
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Re: Taking pm on a a domestic flight

lucky luke wrote:
Court Jester wrote:

I think you would be pretty safe going on face value of the coins

and I don't think the $10000 limit mentions gold/silver on the form.

Re: value. It is bullion value NOT face value.

re: $10 000 limit DOES apply to silver and gold.


I would also like you to quote the legislation

I know there is restriction on GOLD leaving the country but there is no such provision for other PM's e.g. silver

if it is legal tender as in a coin all you need to report is face value if over 10k

just had a look at the AML/CTF act and it defines currency as :

physical currency means the coin and printed money (whether of Australia or of a foreign country) that:

                     (a)  is designated as legal tender; and

                     (b)  circulates as, and is customarily used and accepted as, a medium of exchange in the country of issue.



it only mentions precocious metals in the entire act in regards to electronic currencies:



e-currency means an internet-based, electronic means of exchange that is:

                     (a)  known as any of the following:

                              (i)  e-currency;

                             (ii)  e-money;

                            (iii)  digital currency;

                            (iv)  a name specified in the AML/CTF Rules; and

                     (b)  backed either directly or indirectly by:

                              (i)  precious metal; or

                             (ii)  bullion; or

                            (iii)  a thing of a kind prescribed by the AML/CTF Rules; and

                     (c)  not issued by or under the authority of a government body;

and includes anything that, under the regulations, is taken to be e-currency for the purposes of this Act.

you can go and but 10 000 000 worth of gold jewerley and dont need to decaire it going into or out of australia

Last edited by Court Jester (2012-11-13 06:58:32)


<--------------------------------------------------------- SIDEWAYS --------------------------------------------------------->
quote=sammysilver 25/10/13  ----- PMs will drive silver to over $30 by Christmas with the GSR dropping to sub 50. I've overextended myself at sub $24 but will keep buying up to $30 then sell half my stack at Easter at $36 and buy up on the next dip if there is one.
Running Telly of incorrect to correct Predictions by SammySilver -- 7:1 as of 10/08/16

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#22 2012-11-13 07:43:14

hussman
Member
From: Adelaide
Registered: 2011-12-02
Posts: 515
Trades :   15 

Re: Taking pm on a a domestic flight

So your saying that face value of Australian gold coins and cash is reportable if it is over $10,000?

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#23 2012-11-13 08:02:52

willrocks
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Posts: 7,635
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Re: Taking pm on a a domestic flight

Are we talking $10,000 for international or domestic. I don't think there is any declaration needed for domestic travel?


"You can ignore reality, but you cannot ignore the consequences of ignoring reality." - Ayn Rand

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#24 2012-11-13 08:57:21

lucky luke
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From: Qld
Registered: 2011-05-15
Posts: 1,907
Trades :   17 

Re: Taking pm on a a domestic flight

goldpelican wrote:
lucky luke wrote:
Court Jester wrote:

I think you would be pretty safe going on face value of the coins

and I don't think the $10000 limit mentions gold/silver on the form.

Re: value. It is bullion value NOT face value.

re: $10 000 limit DOES apply to silver and gold.

Got a reference for this?

I'll try to dig it back up again when I get either the inclination or chance. My upcoming 2 mth long holiday to Europe in a couple of weeks takes priority though. smile


My research into the issue involved the movement of gold and silver FROM the USA INTO Australia though, not out of Australia to anywhere else in the world.

re: Court Jester with "I think you would be pretty safe going on face value of the coins". That's a big call and the member would want to be sure about that, especially if anyone took his advice, tried to move $9999 dollars worth of gold in face value (much much more in bullion value) and had it confiscated. He'd be owing some-one more than a beer or two for that bit of advice.

Last edited by lucky luke (2012-11-13 09:33:04)


In the world of perception management "Beliefs are stronger than facts".

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#25 2012-11-13 18:46:51

hiho
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From: South Brisbane
Registered: 2011-04-04
Posts: 8,100
Trades :   270 

Re: Taking pm on a a domestic flight

so techinically one could transport 50 $200 coins OS

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