hi all this sounds like a james bond movie, i know, but i know someone who has some gold coins lying in a swiss bank deposit box. he wants to bring them back into SA. there is no dicy background. it is a german family who have been in and out of south africa for decades and have given their kids and grandkids gold coins (kruger rands etc) for their baptisms, communion etc. the connection to switzerland was that there were several companies domiciled there which have been liquidated a few years ago. the fees for the deposit box are exhorbitant, hence the wish to take the coins back to SA where this gentleman currently lives. (and where the kids/grandkids are currently living) what type of concerns can anyone raise (if any) for just taking these coins back in on his next flight in ?
Were the coins declared on the way out? Probably not - I'm no expert but recall that there is a limit of ~R10 000 (?) on valuabes, foreign currency etc that should be declared when entering. Or put them in his wallet and act normal!
i repeat - this is NOT fishy. the coins were not taken out all in one go, they were given as bona fide presents here and there. as this family has several residences around the world, the coins followed them around. they are now in switzerland and he wants to take them back here simply because he wants to close the swiss deposit box.