If you travel internationally with precious metals, you may be required to declare them to customs authorities.
U.S. Requirements
- Travelers must file **FinCEN Form 105** when carrying monetary instruments (including gold coins and bullion) valued at $10,000 or more
- This is a reporting requirement, not a tax — you are not charged for declaring
- Failure to declare can result in seizure of the metals and civil/criminal penalties
What Counts
- Gold and silver coins (bullion and numismatic)
- Gold bars and rounds
- The $10,000 threshold applies to the aggregate value across your person and luggage
Other Countries
Rules vary significantly:
- European Union: Generally duty-free for investment gold; other metals may incur VAT
- India: Strict limits on gold imports with significant duties
- Canada: No duty on investment-grade gold; declaration required above CAD $10,000
Advice
Always research the customs regulations of your destination before traveling with precious metals. When in doubt, declare.