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IPFS News Link • Precious Metals

American Arrested in Mexico for Carrying 150 Gold Coins; Coins Seized

Arnold appeared visibly nervous' prompting agents to run his suitcase through a scanner, which detected several containers inside, the Mexican Public Safety Secretariat said. One container held 50 gold coins with the legend 'Suid Afrika-South Africa' on them and two others had 100 coins inside that said 'United States of America'. The coins weighed a total of more than five kg, the secretariat said. Though Arnold even showed a receipt that he had with him for the purchase of 50 of the gold coins worth $1,171 each, he was turned over to prosecutors, the secretariat said. It is not clear what the charges are against him.

1 Comments in Response to

Comment by Nick Barnett
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I thought they had a Mexican law on the books that said you can't take more than $10,000 or they would fine you from 20-40%.  I think that was on the customs form when I flew there a couple of years ago.