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August 13, 2024, 06:08:40 PM |
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Fellow holders,
I am a slow stacker into cold storage. I hate paying taxes and being tracked as much as anyone else. I have traveled with a cold storage device but this is different situation. I am potentially traveling to buy a funded Casascius coin, as a collector item.
Does CBP consider this a bearer instrument? I am 99.91% sure it will not apply, but was hoping to find something in writing one way or the other.
I can't find any case law or precedent on whether a loaded Casascius coin is considered a bearer instrument.
I also know that the money "isn't on the coin etc." With the civil asset forfeiture laws, the risk seems high.
Anyone have any links to something credible I can reference? Thanks for the help, below is the CBP fine print about what "counts"
I really appreciate the help!
U.S. or foreign coins and currency; 2) Traveler checks in any form; 3) Negotiable instruments (including checks, promissory notes, and money orders) that are either in bearer form, endorsed without restriction, made out to a fictitious payee, or other- wise in a form that the funds can be transferred to another person; 4) Incomplete instruments (including checks, promissory notes, and money orders) signed, but with the payee’s name omitted; and 5) Securities or stock in bearer form or otherwise in a form that the funds can be transferred to another person. However, the term “monetary instruments” does not include: 1) Checks or money orders made payable to the order of a named person which have not been endorsed or which bear restrictive endorsements; 2) Warehouse receipts; or 3) Bills of lading
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