Collector Coin Not Mere Cash

A judge has ruled Customs officers may rightfully seize undeclared collector coins even if they’re worth less than reporting limits under federal law. Under the Proceeds Of Crime And Terrorist Financing Act cross-border travelers must report cash of $10,000 or more: “Collector coins are both currency and goods.”

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Back to Top