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Author Topic: WTF Auction #10 - Unique 5 BTC Hybrid Coin - Lealana & Casascius  (Read 1066 times)
yimfinity
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June 04, 2020, 06:12:19 PM
 #41

Yea, I think as BTC price approaches what forum members expect, for loaded coins we will see physical delivery resembling what goes on in the rare art/jewelry/auction space. There are a few companies that solely specialize in high-end items, like Transguardian, which is used by the high-end jewelry industry.
Hellot
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June 04, 2020, 06:14:34 PM
 #42

Curious question for the couriers... Would you have to legally declare this coin if you're travelling with it internationally as the value is over $10,000?

I don't see why they would need to as it's not their property. They are simply delivering from point A to B even though they may need to hit a point C in the middle of all that. Perhaps someone else can chime in but the couriers don't own the property so I genuinely don't think they need to declare a thing. In this case, they're really no different than a FedEx or USPS guy/gal at your door delivering your package! Again just my 2bits!

iBHK8

Who owns the property is irrelevant.  Customs declaration varies by country and it boils down to what you are carrying, not necessarily who owns it.  If you are entering the US/EU the declaration form lists "monetary instruments".  A loaded crypto collectible is effectively a bearer-negotiable monetary instrument but since countries haven't legally made that distinction yet and the forms do not specifically list "cryptocurrency", you have room for not declaring it.  Some countries have classified Bitcoin as property and you don't declare your $20,000 Rolex when entering a country.  Countries are slow and have only recently gotten around to classifying gold coins as cash.  But that doesn't mean that customs can't choose to make your life hard, including going as far as to confiscate it, forcing you to spend time/money to get it back.  Some countries are more corrupt than others.
  
Your best chance for success is for the collectible to not stand out from your other property.  I'm curious what steps the couriers here are taking to ensure the item gets through customs without drawing scrutiny.  I'm also interested to hear from people like Bobby Lee who have traveled internationally with loaded physical crypto coins.




  Then it goes without saying a Trezor or hardwallet will be treated in the same way.

  If it goes that way...then memorize the mnemonic seed...wipe the Trezor clean...and you have nothing to declare..then just place the mnemonic seed upon arrival at destination.

  Or even better...don't take trezor with you.....arrive at destination...buy a new trezor and input the mnemonic seed...voila!  Wink  God bless Satoshi!

This isn't relevant to transporting collectible crypto coins.  There's already many options for safely accessing your Bitcoin when traveling from country to country, you don't even need to have keys with you, you can store them encrypted in a cloud service and access them anywhere with an internet connection.  The topic here is transporting physical crypto coins.
ChiBitCTy
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June 05, 2020, 07:24:56 AM
 #43

Curious question for the couriers... Would you have to legally declare this coin if you're travelling with it internationally as the value is over $10,000?

I don't see why they would need to as it's not their property. They are simply delivering from point A to B even though they may need to hit a point C in the middle of all that. Perhaps someone else can chime in but the couriers don't own the property so I genuinely don't think they need to declare a thing. In this case, they're really no different than a FedEx or USPS guy/gal at your door delivering your package! Again just my 2bits!

iBHK8

Who owns the property is irrelevant.  Customs declaration varies by country and it boils down to what you are carrying, not necessarily who owns it.  If you are entering the US/EU the declaration form lists "monetary instruments".  A loaded crypto collectible is effectively a bearer-negotiable monetary instrument but since countries haven't legally made that distinction yet and the forms do not specifically list "cryptocurrency", you have room for not declaring it.  Some countries have classified Bitcoin as property and you don't declare your $20,000 Rolex when entering a country.  Countries are slow and have only recently gotten around to classifying gold coins as cash.  But that doesn't mean that customs can't choose to make your life hard, including going as far as to confiscate it, forcing you to spend time/money to get it back.  Some countries are more corrupt than others.
  
Your best chance for success is for the collectible to not stand out from your other property.  I'm curious what steps the couriers here are taking to ensure the item gets through customs without drawing scrutiny.  I'm also interested to hear from people like Bobby Lee who have traveled internationally with loaded physical crypto coins.




  Then it goes without saying a Trezor or hardwallet will be treated in the same way.

  If it goes that way...then memorize the mnemonic seed...wipe the Trezor clean...and you have nothing to declare..then just place the mnemonic seed upon arrival at destination.

  Or even better...don't take trezor with you.....arrive at destination...buy a new trezor and input the mnemonic seed...voila!  Wink  God bless Satoshi!

This isn't relevant to transporting collectible crypto coins.  There's already many options for safely accessing your Bitcoin when traveling from country to country, you don't even need to have keys with you, you can store them encrypted in a cloud service and access them anywhere with an internet connection.  The topic here is transporting physical crypto coins.

Same difference as any cold storage item such as a coin or piece of paper no? On an episode of Billions the lead character gives an employee a funded Ledger wallet as payment. Why not just tell him to provide a wallet address to send the coins to ? Transferring it this way keeps the transaction off chain, providing the same advantages a Casascius coin does in this aspect.

As for courier shipping, Anonymous and Krogo (when active) are the way to go. If they are busy I’m open to doing so.

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