What are the regulations for importing gold coins, medals, and bullion into the U.S.?
Gold coins, medals, and bullion may be brought into the U.S. However, under regulations administered by the Office of Foreign Assets Control, such items originating in or brought from, Cuba, Iran, and Sudan* are prohibited entry.
Copies of gold coins are prohibited if not properly marked by the country of issuance. The importation of counterfeit coins is prohibited.
There is no duty on gold coins, medals or bullion but these items must be declared to a Customs and Border Protection (CBP) Officer. Please note a FinCEN 105 form must be completed at the time of entry for monetary instrumentsover $10,000. This includes currency, ie. gold coins, valued over $10,000. The FINCEN definition of currency: The coin and paper money of the United States or any other country that is (1) designated as legal tender and that (2) circulates and (3) is customarily accepted as a medium of exchange in the country of issuance.
If you have doubt whether your gold/gold coin is considered a monetary instrument it is in your best interest to declare the item(s) with a CBP Officer, so you do not give a false declaration.
Note: For information on Sudan sanctions, see Executive Order 13761, which references the amendment to E) 13067 that will be effective upon publication in the Federal Register, and will immediately authorize all transactions prohibited by the SSR, as well as by Executive Orders 13067 and 13412. As a result, U.S. persons will generally be able to transact with individuals and entities in Sudan, and the property of the Government of Sudan subject to U.S. jurisdiction will be unblocked.
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