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Old 17 January 2018, 02:53 PM   #1
Working4better
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Join Date: May 2016
Location: Central Midwest
Posts: 77
To sell or not to sell personal watch overseas.

So every time I travel back home to central america or any other vacation spot I always take with me 3 watches to wear while I am there. On my last 3 trips I have had a lot of interest from people I meet from networking or through friends and family that would like to buy them. I always decline as I tend to be sentimental with my watches and its hard to part with them. But I was thinking that on my next trip I may take an extra 3 watches to offer if interest comes up. Now do many of you run into this problem? Which leads me to my question, "Do any of you take extra watches and sell them"? And how do you bring all that cash back into the states? Now domestically I have many times traveled with large sums of cash over 10k as its a usual thing for me. But international travel I just use my Amex card and about 8k cash in case of emergencies. But I have never brought back cash over 10k into the states, and I have heard horror stories of money being confiscated even when you declare it to customs. I guess they think that it is money laundering even though I would think that the dollars flow south not back up north. I do have wire transfers domestically no problem, but never had anything over 5k come in internationally through my banks as I never had a reason to. I'm wondering if you guys have any experience with this, and if this is a normal thing when selling international or for pleasure. For me I think this will open doors for networking and may lead to some business in real estate which is my aim (and future retirement) in Latin america. Any advice is welcomed gentlemen and greatly appreciated. Thanks
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