Full question:
I will be traveling to the United States soon and I have a 1 kg gold bar that I would like to take to the U.S. to sell; I will be carrying it on me. Do I have to declare it? what is the legal way to proceed?
- Category: Immigration
- Subcategory: Passports
- Date:
- State: Florida
Answer:
The answer will depend on all the facts involved, such as whether you are a US resident, the length of your trip, the originating country, and the dollar value. Gold coins, medals, and bullion, formerly prohibited, may be brought into the United States. However, under regulations administered by the Office of Foreign Assets Control, such items originating in or brought from Cuba, Iran, Iraq, Libya, Serbia, and Sudan are prohibited entry. Copies of gold coins are prohibited if not properly marked by country of issuance.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.
