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Tuesday, Aug 16, 2022

Customs seizes HK$1.2m smuggled collectibles with high speculative price

Customs seized a batch of suspected smuggled collectibles with an estimated value of about HK$1.2 million at Man Kam To Control Point.
These included seven types of old banknotes, commemorative coins, archaic bronze art pieces as well as stamps, and commemorative envelopes. In addition, it also included duty-not-paid liquor, suspected controlled pharmaceutical products, and suspected counterfeit goods.

Officers on Monday (July 18) intercepted an incoming goods vehicle at Man Kam To Control Point. After inspection, the batch of suspected unmanifested goods was found inside two carton boxes among 580 boxes of declared goods on board the vehicle.

A 41-year-old male goods vehicle driver is assisting the investigation.

It is estimated that the speculative price of the collectibles is very high. The total face value of the old banknotes seized was about HK$150,000, while its estimated speculative price could reach HK$1 million.

The stamps and commemorative envelopes seized were all special editions. Some of them were issued a long time ago, making them more exceptional.

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