Bringing silver coins to the Philippines.

Hello guys.

Next month my mom will move to the Philippines and she will bring around $5000 worth silver bullion coins with her. I found very limited information about it in google, so if some of you have experience with it, please share with me.

Should we declare it (nobody checking bags on exit, but...) ?
How much are taxes?
Can it be considered and included in $10k limit on cash?

Thank you,

Prepare for possible problems as they're be a lot of questions if you declare, and a lot more if you don't and get found with them.

Want some advise? DON'T DO IT. If you think it's worth more than the US smelt value you are mistaken. You don't want to carry 18 lbs of silver to the Philippines. There is no market for it here. Sell it in the states and bring Benjamins. If you insist on bringing it declare the coin face value not by weighted value. That's all an insurance company will cover without a complicated rider contract. Don't put it in checked luggage if you expect to see it again.
I strongly recommend rethinking bringing your silver to the Philippines. It's not a good idea for many reasons.

Exactly correct advice! Don't bring it!

Yes thats right dont bring it here

New topic

Expatriate health insurance in Manila

Free advice and quotation service to choose an expat health insurance in Manila

Moving to Manila

Find tips from professionals about moving to Manila

International Wealth Management

Get advice from well-reputed and experienced international wealth managers regarding your financial affairs

Travel insurance in Manila

Enjoy stress-free travel to Manila