LauraMH wrote:1. Do banks in Peru have safety deposit boxes? If so how do they function?
2. Has anyone ever had lets say silver dollars sent to themselves? They are legal tender but will they pass through customs as such?
3. If one wanted to sell gold/silver at the current rate where/how would one do so.
1) Some banks rent safe deposit boxes. But almost none seem available anymore. I don't think I would trust them for anything of value anyway.
I have been unable to find any non-bank safe storage in Peru. Peruvians I have asked think it would be silly to trust anyone else with anything of value so there may be no market for that service. Peruvians seem to use personal safes hidden in their houses.
2) I have brought in Eagles (undeclared) in my baggage. I am not sure whether or not I was supposed to declare them.
I have never had coins shipped to me so I don't know how that would actually work. However, my understanding is that there is an excise tax of 9% that would apply. This is all that would be due on pure gold (bars, etc.) or legal tender gold coins. However, IVA applies to silver and alloyed or non-legal tender gold coin: IVA + excise = 26% (was 27%) tax on importing! This alone would make importing precious metal rather impractical.
3) I have sold silver coin at the main cambios down on Oconia. However, the bargaining is horrible. The best price I was able to get was about 8% below spot. It was exhausting to get that much.
Some of those cambios have contacts with people who deal. For example, one made a call and a guy showed up in about ten minutes with a garbage bag full of crude silver ingots.
You can buy gold and silver in Peru in modest quantities from reliable sources. Silver is about spot + IVA. Gold is less than 1% over spot. But they will not sell larger quantities since nearly all their production is exported.