A new decree under French law has banned the mailing of banknotes, coins, jewellery and precious metals using the standard French postal system.
Decree No. 2013-417 amending the Post and
Electronic Communications came into force on May 21.
It means that valuable contents such as
those listed above must be dispatched using secure systems offering
adequate insurance cover.
Reaction from the British trade has been
cautious so far, mainly because the implications of the changes are
not yet clear. There seems to have been little or no awareness that
the law was being changed, nor whether the changes make any
difference to insurance cover for packages sent to France from the
UK or other countries once they have crossed the border into
There appear to be two theories as to why
the decree has been made: firstly to remove any liability from the
Government-owned French postal service and, secondly, to restrict
the level of investment by French citizens in bullion.
An article on the World of
Coins website stated that in France buying bullion online
through eBay "is increasingly popular".
The change was announced on Legifrance, the French government
body that publishes legal texts online.
Antiques Trade Gazette is the weekly bible of the fine art and antiques industry. Read articles like this every week in the Antiques Trade Gazette or ATG app. Click here to subscribe today.