Yes, when traveling to the USA, it’s crucial to declare all gold coins, regardless of their value, according to US customs regulations. Failure to do so can result in penalties and confiscation of the undeclared items. Even if the value of the gold coins is below $10,000, they must still be declared upon entering the country. This applies to all forms of gold, including coins and bars.
It’s essential to be transparent with customs officers to avoid any issues during security checks. While there may not be import duties on gold, regardless of the amount, any gold coin valued over $10,000 requires an additional FINCEN report as it is considered a financial instrument. However, gold bullion, as opposed to coins, is not subject to FINCEN reporting.
So, for gold below $10,000 in value, it’s still necessary to declare it verbally to the customs officer upon arrival. No formal form is required for gold below this threshold. Simply informing the officer about the gold coins, even if they are valued as low as $80, is sufficient to comply with customs regulations.
“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 instruments over $10,000. This includes currency, ie. gold coins, valued over $10,000.”
*There is no duty on gold coins, medals or bullion but these items must be declared to a Customs and Border Protection (CBP) Officer.
https://help.cbp.gov/s/article/Article-1594?language=en_US