Opr... Omg!

[Varietalis 20]

Does anyone have much experience of sending coins to the US for grading by NGC? I was thinking of sending off a few coins but then started to look into the customs and exercise regulations and OMG does it look complicated! It seems to revolve around OPR (outward processing relief) which is a convoluted method for avoiding paying import duty on your items once they're returned to you in the UK (after all they originated from the UK in the first place). If anyone does have experience of using NGC then I'd love to know if it is really necessary, or at least advisable, to actually do all the OPR paperwork.

[pies 33]

Why not get them graded in UK especially if they are uk coins

[Varietalis 20]

Why not get them graded in UK especially if they are uk coins

as in, 'better the devil you know'

[pies 33]

As in they generally know more about uk coins and alot less hassle

[Gary D 76]

Why not use a UK agent.

Krugerrland Ltd.
unit 340
95 wilton road
london, sw1v 1bz, United Kingdom

Phone: 07570352511
Email: sales@krugerrland.com

Services: Appraisals, Assists Collectors with Submissions, Collector Sales
Specialties: Bullion Coins, World Coins

[Varietalis 20]

Why not use a UK agent.

Krugerrland Ltd.

unit 340

95 wilton road

london, sw1v 1bz, United Kingdom

Phone: 07570352511

Email: sales@krugerrland.com

Services: Appraisals, Assists Collectors with Submissions, Collector Sales

Specialties: Bullion Coins, World Coins

Wow, thanks for the tip. I'll email them this week.

[TomGoodheart 400]

I resume you're planning on selling them in the US Varietalis?

Otherwise CGS could be just as good: http://www.coingradingservices.co.uk/

And here for a thread with comments about the service: http://www.predecimal.com/forum/topic/7811-cgs-trial/?hl=trial

[Varietalis 20]

Okay, so I've now had email replies from both Kruggerland Ltd and NGC. Kruggerland can indeed act as an agent for sending coins to NGC but their handling fees would, in my opinion, only make it worth while if you were looking to send bullion or similar very high value coins. NGC basically said they dispatch the coins with very low-key descriptions and values so as not to attract took much attention from the tax man. In short then I won't bother with the OPR paperwork as the relatively low value bronze coins I'll be sending won't warrant the hassle. I'll also keep each consignment quite small.

However, if anyone out there is looking for an insomnia cure, or indeed wants to send a high value consignment to NGC, then it might be worth having a read through this:

http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageImport_InfoGuides&propertyType=document&id=HMCE_CL_000225

[Gary1000 41]

Also OPR has a time limit which you might struggle with having coins slabbed.

Edited August 29, 2013 by Gary1000