Who knows about buying/selling gold or platinum coins in the Philippines? - Page 2

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Who knows about buying/selling gold or platinum coins in the Philippines? - Page 2


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Old 17th November 2013, 09:18 AM
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Quote:
Originally Posted by Zone199 View Post
Thanks HondaGuy, but I already own some precious metal coins and I hope to be retiring to the Philippines sometime next year. So I'm more concerned with knowing that it's legal to bring the coins into the country and knowing that I can sell them if need be.

The coins are all rated by PCGS or NGC (coin grading services) and encased, so I'm pretty sure coin dealers will recognizance them as legitimate. But I just want to make sure there is no problem with holding or selling these types of coins in the Philippines before I take them over there.

They are Platinum Eagle coins.

Thanks
Maxx
My hobby is coin collecting. If your coins are slabbed you must sell them in the US. In general collectors outside the US don't do slabs. Any I have bought I have only paid the raw value for and then remove them from their plastic tombs. To sell in the Philippines your only option is likely to be the pawnshops. You will get less than bullion after they have removed the coin from the slab to weight and ascertain the finesse. They might not even be interested as they won't understand what they are.

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Old 17th November 2013, 05:17 PM
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Originally Posted by Jet Lag View Post
Maxx,

The Philippines is a "funny" place when it comes to what is legal or not. Often time legal just like the truth about anything is often very fluid and can even depend on what (who) government official you speak to.
Point is, even if you have to make an advance trip here to get solid info, it will be well worth it in the end.
These are items that you MUST declare when entering the country. If they prove to be an illegal item to bring in, they will be permanently confiscated at the airport and you would likely be deported within hours of your arrival and NEVER be allowed to return.
Make 100% sure before the move!
I don't really have that many. I think I'll just sell them before I come. Thanks for the advice!

Maxx

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Old 18th November 2013, 02:13 AM
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Get in quick if selling gold etc is on the way down.

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Old 12th April 2014, 12:27 AM
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I'm happy to see that, as with you, Mr Murphy was an optimist. $750 is possible but only if the US $ goes to absolute 0. Not out of the range of possibility. If the market stays at least 30 Pesos /US $1.00, it won't happen. Sorry. <Snip>


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Old 29th October 2014, 05:07 AM
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Quote:
Originally Posted by Zone199 View Post
Iíve tried to get information about buying and selling of precious metals coins in the Philippines by emailing coin dealers found on the Sulit site, but none of them ever reply.

I would like to get an idea of what kinds of gold or platinum coins are available and if they are easy to buy and sell. Any information you might have on this would be greatly appreciated.

Thanks
Maxx
Hi. Just read yourpost. I am an Australian living in the Philippines and have the ssme problem. Have a few hundred ounces of silver coins stored in Australua and about 30 ounces with me. Cant find a reliable dealer here and when you do find one they never reply to emails.

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Old 29th October 2014, 08:35 AM
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As many of you know, during World War II, there were a number of Japanese occupiers who stole and confiscated Philippine Art Treasures, gold, silver, precious metals, precious stones, high value paper money printed by the US, to be used for interbank commerce, and much of it was buried and, for that matter, booby trapped in a number of different places in the Philippines. The Japanese even went so far as to force Filipinos to bury these treasures, then killed them before booby trapping and closing up the place. There are a few treasure hunters that have done research and are trying to locate these places and sometimes the booby trap goes off, either an explosion or with deadly gas, resulting in the death of the one or ones who set it off. If the treasure is successfully captured, the Philippine government will want a big bite out of the value of the treasure. This is something one has to think about. Legally, you cannot import precious metals, coins, precious stones into the Philippines.
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Old 29th October 2014, 09:03 AM
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Legally, you cannot import precious metals, coins, precious stones into the Philippines.
This is the point I was about to make. As such continued discussion on the subject would be against Forum Rules. As much as I hate doing it, this thread is

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