Very interesting article about cigar valuation. I have a question regarding Cuban cigars. While prior to 2015, Cuban cigars were illegal to own here in the states, they have been readily available from vendors based in Europe & the UK since the embargo was initiated.
So how would you value a humidor full of Cuban Cigars acquired illegally between the date of the embargo and the date of the $100 limit? Would it be a total loss since the cigars were acquired illegally or would there be some type of value assigned to them?
Great question, David
The humidor would have value, so not a total loss. However, the cigars would have no value as they would be considered contraband due to when and how they were obtained.
Thank you
Scott
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Scott,
Very interesting article about cigar valuation. I have a question regarding Cuban cigars. While prior to 2015, Cuban cigars were illegal to own here in the states, they have been readily available from vendors based in Europe & the UK since the embargo was initiated.
So how would you value a humidor full of Cuban Cigars acquired illegally between the date of the embargo and the date of the $100 limit? Would it be a total loss since the cigars were acquired illegally or would there be some type of value assigned to them?
Thanks
Great question, David
The humidor would have value, so not a total loss. However, the cigars would have no value as they would be considered contraband due to when and how they were obtained.
Thank you
Scott