Starting price: 80'000 EURMYSIE
Statère d'or, Lampsaque, vers 350 av. J.-C, AU 8.40 g.
Ex Vente NAC Zurich, Auktion 1, 30-03-1989, 
Conservation : NGC AU 5/5 4/5 Fine Style
Auction October 202312
Starting price: 60'000 EURRHODES
. Tétradrachme environ 404-385 avant J.-C.,
AG 17.06 g
, Conservation : NGC AU★ 5/5 5/5 Fine Style
Auction October 202313
Starting price: 90'000 EURBosphore Cimmerien
 Statère, Chersonèse, Panticapée,
vers 340-325 av.
J.-C. , AU 9.06 g.
 Ex Vente NGSA 8,
Novembre 2014, lot 32

Conservation : NGC Choice XF★ 5/5 4/5 Fine Style
Auction October 202318
Starting price: 70'000 EURBOURBONS. 
Louis XIII 1610-1643
40 livres dit 4 Louis d'or,
1640 A, AU 26.80 g.
 Conservation : NGC XF 45. Rarissime
Auction October 2023233
Starting price: 200’000 EURLouis-Philippe Ier 1830-1848

Paris, 1834 A, AU 43.26 g.
 Ex Vente Sotheby's, 1954,
Collection du Roi Farouk,

Conservation : PCGS SP 66 (PROOF ULTRA CAMEO).
Auction October 2023330
Starting price: 70'000 EURGRECE
. George I 1863-1913 
100 Drachmes, Paris, 1876 A,
AU 32.25 g. Conservation : NGC AU 58.
76 exemplaires frappés. Rarissime.
Auction October 2023451
Starting price: 100’000 EURPARMA
. Odardo Farnese 1622-1646
 6 Doppie,
ND, AU 39,21 g.
 NGC AU 58. Superbe. Rarissime
Auction October 2023540
Starting price: 180'000 EURVittorio Amedeo I 1630-1637 
10 Scudi d'oro, II Tipo, Torino,
1633, AU 33.13 g. 
Cud 92a var.

Conservation : NGC AU 53. Superbe. Rarissime
Auction October 2023623
Starting price: 100'000 EURNicolas II 1894-1917
 25 Roubles - 2 1/2 Imperials,
Saint-Péters- bourg, 1908, AU 32.24 g.

Conservation : Traces de nettoyage sinon Superbe.
Extrêmement rare, officiellement seulement 175 pièces frappées.
Auction October 2023765
Starting price: 110'000 EUR10 Ducats, non daté tranche lisse, Berne, AU 34.57 g.

Conservation : NGC MS 61. Superbe. Rarissime
Auction October 2023781

Customs Repatriation to Greece Raises Questions for Collectors

By Peter K. Tompa


U.S. Immigration and Customs Enforcement (Customs) recently repatriated fifty-one ancient coins to the Greek Government at a highly publicized ceremony conducted at the Hellenic Museum in Chicago.


Federal agents, National Hellenic Museum conduct largest repatriation of ancient coins to Greece in recent HSI history. Photo: U.S. Immigration and Customs Enforcement.

Federal agents, National Hellenic Museum conduct largest repatriation of ancient coins to Greece in recent HSI history. Photo: U.S. Immigration and Customs Enforcement.

While Customs officials claim the coins were “stolen” from Greece in a video of the event, other statements pointing to a “lack of documentation” instead suggest that the coins were seized from American citizens based on import restrictions that implement a Memorandum of Understanding (MOU) with Greece. Although the Ancient Coin Collectors Guild, an advocacy group for coin collectors, has sought more information about this and other seizures through the Freedom of Information Act, Customs has stonewalled these efforts, adding to collectors’ concerns about these seizures.

Greece, Bulgaria, Turkey?

When the MOU with Greece was initially being discussed, Greece’s ambassador stated, “I would like to emphasize that our request concerns the antiquities that have been found exclusively on Greek territory and has no retroactive effect.” (Transcript of Cultural Property Advisory Committee Meeting (October 12, 2010) at 17:15-18.) Yet, photos of the coins that were repatriated suggest that such self-restraint has been forgotten. While all the coins that were repatriated were made by ancient Greeks, experts have determined that a number of them do not appear on the “designated list” of coins subject to import restrictions under the current MOU with Greece, but instead originate from what is today Bulgaria and Turkey. Thus, it looks like Customs merely confiscated coins being shipped from Europe that looked “Greek” and demanded often difficult to obtain documentation to prove such coins were exported from Greece before the MOU’s 2011 effective date. When the importer was unable to provide that information, the coins were seized for repatriation to Greek authorities.

These are some of the coins which were recently repatriated to Greece. Photo: U.S. Immigration and Customs Enforcement.

These are some of the coins which were recently repatriated to Greece. Photo: U.S. Immigration and Customs Enforcement.

How U.S. Customs Enforces Import Restrictions

The real issue is how Customs enforces import restrictions under the Cultural Property Implementation Act (CPIA), the statute that also authorizes the State Department to enter into cultural property MOUs. The CPIA only allows import restrictions on “designated” archaeological objects “first discovered within” and “subject to export control by” Greece that are illicitly exported from Greece after the effective date of the governing regulations. (19 U.S.C. §§ 2601, 2604, 2606.) However, Customs instead applies import restrictions far more broadly as embargos on any “designated” cultural good imported after the effective date of the regulations. So, what Customs claims before cameras are “stolen” coins may very well instead be ones that have been imported from legitimate markets abroad, particularly from those within the European Union (EU). Never mind that Greece is bound under EU rules to recognize such legal exports from sister EU member states.

U.S. Congress Did Not Want to Harm the Legitimate Coin Trade

There is no reason to believe that Congress thought that import restrictions would harm the legitimate coin trade, and the people-to-people contacts, appreciation of our shared culture and preservation of common artifacts collecting fosters. No import restrictions were imposed on ancient coins for some twenty-five (25) years after the CPIA came into law. This is not surprising. Ancient coins are items of commerce making it difficult for modern nation states to claim them as their “cultural property.” They are widely collected, including in several countries with MOUs with the United States, like Greece. Indeed, at the time, Mark Feldman, the State Department Deputy Legal Adviser, represented to Congress that “it would be hard…to imagine a case” where coins would be restricted under what would become the CPIA (Cultural Property Treaty Legislation: Hearing on H.R. 3403 Before the H. Subcomm. on Trade of the Comm. on Ways and Means, 96th Cong. 8 (1979).).

The First Import Restrictions On Ancient Coins…

The first import restrictions were only placed on certain ancient coins from Cyprus in 2007, under questionable circumstances. (See Peter Tompa, Why Have MOUs Become so Restrictive Against Coin Collectors? Coins Weekly (April 15, 2021) (last visited June 30, 2023).) Since that time, additional import restrictions have been imposed on ancient and early modern coins from Afghanistan, Albania, Algeria, Bulgaria, China, Greece, Iraq, Italy, Jordan, Libya, Morocco, Syria, Turkey and Yemen. Moreover, further restrictions are being considered for Cambodia, North Macedonia, Tunisia, Pakistan and Uzbekistan.

…And How Import Restrictions Have Been Applied

While enforcement has been spotty, as the recent repatriation to Greece shows, increasing numbers of coins have been subject to detention and seizure. Indeed, by Customs’ own count, since 2007, over 20,000 objects, including paintings, sarcophagi, statues, coins and illuminated manuscripts, have been repatriated to over forty countries. (Federal agents, National Hellenic Museum conduct largest repatriation of ancient coins to Greece in recent HSI history, U.S. Immigration and Customs Enforcement Newsroom (June 21, 2023) (last visited June 30, 2023)).

What Can Collectors Do to Avoid Trouble?

So what can collectors do to avoid trouble? Although it is not foolproof, buy only from recognized dealers who stand by their sales, particularly those who are members of trade associations like the International Association of Professional Numismatists. Even when you do so, it is still better to be safe than sorry. Not only does the Ancient Coin Collectors Guild advocate against government overreach against collectors; it also offers information about what coins are subject to import restrictions, and how to import the increasing number of coin types that have been impacted on its website.

The Author

Peter K. Tompa is a semi-retired lawyer who lives in Washington, D.C. He currently serves as outside counsel to the International Association of Professional Numismatists and as executive director to the Ancient Coin Collectors Guild. The opinions he expresses are his own and should not be taken as legal advice.

We presented Peter K. Tompa in our Numismatic Who’s who.

Recently he gave his opinion on the Beale case.

Further Information

About the repatriation:

Rafael Bernal, Feds return trove of seized ancient coins to Greece, The Hill (June 21, 2023) (last visited June 30, 2023).

Sheri Walsh, After Customs seizure, U.S. returns ‘priceless’ ancient coins to Greece, United Press International (June 21, 2023) (last visited June 30, 2023).

Ancient coins intercepted in Chicago returned to Greece, Fox 32 Chicago (last visited June 30, 2023).

About Import Restrictions:

Peter K. Tompa, The Careful Collector: Don’t Import Buyer’s Remorse, Cultural Property News (last visited June 30, 2023).

U.S. Import Restrictions on Ancient Coins (Current as of July 17, 2022), Ancient Coin Collectors Guild Website (last visited June 30, 2023).