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Advice For US Collector Of Canadian Silver Dollars?

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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 01/17/2017  06:28 am  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply

Quote:
I guess I will have to bite the proverbial bullet when I eventually buy a 1948 dollar.


Yup, you will, over priced for me.
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Pacificoin's Avatar
Canada
5400 Posts
 Posted 01/17/2017  10:24 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Sturm . When you are going back with coins the entry code for coins of numismatic Value is CODE 9705.00.00.60 Coins and Collections of numismatic value. There is NO DUTY at all. If you are returning with a single item over $2500.00 US you must use Customs form 7523. We export ebay and Etsy goods from Canada to the US twice weekly with no glitches at all as most of our sajes are to the US anyway.
To all of you on here, there is no such thing as DUTY on virtually all tangible goods traded under NAFTA. There is,in Canada GST/ HST.
If you buy coins in Canada ( as a NON Resident) and export them back to the US , you can reclaim any GST HST you paid BEFORE you leave CANADA. Of course you must have invoices from a GST HST registered Vendor.
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hcmusicguy's Avatar
United States
814 Posts
 Posted 01/17/2017  10:41 am  Show Profile   Bookmark this reply Add hcmusicguy to your friends list Get a Link to this Reply
I have a small Canadian dollar type collection which consists currently of 1958, 1964, 1965, 1967, and 1983 silver dollars. I typically just pick through the foreign junk silver box at my LCS and get them pretty close to spot.
Edited by hcmusicguy
01/17/2017 10:42 am
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sturmgrenadier's Avatar
United States
84 Posts
 Posted 01/18/2017  03:05 am  Show Profile   Bookmark this reply Add sturmgrenadier to your friends list Get a Link to this Reply
Pacificoin, thank you for explaining about duties not being assessed (LOL. For years, I knew what the NAFTA acronym stood for, but I didn't understand what the treaty meant in practice). One follow-up question: Didn't Canada eliminate the program you speak of where one (non-residents) can recover GST/HST paid on goods in Canada when one crosses the border? (I remember availing myself of this program when I drove from Alaska through Canada to the Lower 48 back in Spring of 2005, but I recall reading (perhaps erroneously) that it was ended a few years back)? Also, are most of the dealers at Canadian coin shows GST HST registered vendors?
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Pacificoin's Avatar
Canada
5400 Posts
 Posted 01/18/2017  03:41 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
You are right that program was eliminated back in 2007. They must now be shipped to you at your USA address to avoid the Tax. As to dealers at Canadian Shows doing the right thing and charging collecting GST HST if they are registered they should. A lot of the smaller dealers fly under the radar , even though are selling far more than the threshold 30 k a year.
It is much the same on ebay with Canadian Coin Sellers. Many sellers follow the rules and collect / remit the tax . Others do not saying they are private collectors or the tax is included. Some of this nonsense coming from sellers with feedback in the thousands. We recently asked one of these "TAX INCLUDED " clowns for his HST # when we didn't get a proper invoice for a purchase we made. The answer was ......." Crickets".
Edited by Pacificoin
01/18/2017 03:50 am
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sturmgrenadier's Avatar
United States
84 Posts
 Posted 01/19/2017  03:25 am  Show Profile   Bookmark this reply Add sturmgrenadier to your friends list Get a Link to this Reply
Hello. Maybe these questions are better posted under another (more appropriate thread), but I would like to know:

1) How sure can you be that an ICCS-graded coin is not a problem one (that is to say, it is not cleaned, etc.)?
(I would like to think that buying ICCS-graded coins affords some protection to a novice collector like me, but I am guessing that buying said is not foolproof)

2)Do savvy collectors/dealers play the crack-out game with ICCS coins in hopes of getting higher grades?
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5590 Posts
 Posted 01/19/2017  05:19 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
Sturm: ICCS is essentially a "condition" grading TPG ... it grades on wear and the technical grade. Many luster flaws or cleanings are not mentioned in the notes or remarks. In their history ICCS has been known to very generous or very stingy with it's grades, depending on when. They had a very small inspection staff (1-2), so it depends on what kind of day the grager was having. I think that mostly dealers/collectors cut out the holders and resubmitted somewhere else to get them out of their soft plastic containers and into something more sturdy.
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Canada
1505 Posts
 Posted 01/19/2017  2:58 pm  Show Profile   Bookmark this reply Add purelywasted to your friends list Get a Link to this Reply
I would avoid any ICCS MS-62 silver dollars, my experience so far has been negative, both have been cleaned, I though they were undergraded, by they just knocked a point or two down due to cleaning (aka market grading or my understanding of it). I have been really happy with the MS64 or higher, MS63's are nice.

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sturmgrenadier's Avatar
United States
84 Posts
 Posted 01/19/2017  4:31 pm  Show Profile   Bookmark this reply Add sturmgrenadier to your friends list Get a Link to this Reply
(Deep sighing sound........) Well, I wish that I had spent more time on these forums sooner:( It would have saved me a lot of money, disappointment and even more depression. Over the past few years, I've collected about two dozen ICCS-graded silver dollars (ranging in purchase price from roughly $150 to $500 each- thankfully none is worth four digits). Many are PL-66, but some are uncirculated (none lower than MS-63, some 64's a few 65's). I thought ICCS was as strict as PCGS and NGC. I thought that they were the safest choice for a novice collector of Canadian coins. I thought I was doing the right thing, being that I can't grade. Now, I wonder how many of my ICCS- coins are cleaned/problem junk that just happen to have relatively few bagmarks on them. They say a fool and his money are soon parted. Please understand that I appreciate the honesty you folks have shown with me. It's better to know the truth now. Hopefully, I'll get over my self-recrimination and frustration at some point and not quit collecting altogether....I've got to take stock of just what I want to get out of coin collecting (I thought I was having fun) and decide from there, I guess.
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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 01/19/2017  5:00 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
[quote]I thought I was having fun[/qutoe]

I hope you were.. and still are...

purelywasted had some good advice that some stuff from ICCS is downgraded even though it would be considered "details" by PCGS standards..

ICCS is still a very good grading company and if you kept with 63's and 64's I don't think you would have done bad at all...

So go out there and still have your fun... get those coins you would like and if you need any help or have any questions keep posting and reading this forum...
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Pacificoin's Avatar
Canada
5400 Posts
 Posted 01/19/2017  6:56 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Sturm ....do not get too unglued , you are probably fine with the ICCS 63 , 64, PL66 coins.
Old 2 Letter ICCS MS62 coins are AOK as well . Stay away from MS60 coins Graded in the last year or so they are blooming awful.
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sturmgrenadier's Avatar
United States
84 Posts
 Posted 01/20/2017  05:40 am  Show Profile   Bookmark this reply Add sturmgrenadier to your friends list Get a Link to this Reply
Hey folks. Thank you for the reassurance, encouragement, and willingness to answer questions:) As I've said before, this is a very friendly (and knowledgeable) forum. I apologize for having been so pessimistic about my Canadian coin collecting. It's just that I saw echoes of my beginning experience collecting U.S. coins back in 2006-2007. I didn't know any better then, and bought raw coins on ebay and from a mail order company that rhymes with Boast to Boast.....

Anyway, you probably see where this story is headed, but I learned after about a year that I had acquired mostly cleaned junk from a (now) dealer-friend. Boy, that was a low point: I came close to quitting, but eventually chalked it up to experience and started collecting anew (this time PCGS and NGC examples, except for common date low UNCs). All in all, I've had my ups and downs with coin collecting over the last decade (still bought the occasional 'turkey', but at least relatively cheap ones, and acquired some real 'lookers' that I enjoy having:) Thanks for letting me share. I apologize if this isn't the right place to talk about 'personal, numismatic experiences' - maybe I should try to stay on topic with coin questions?

With that in mind, I am thinking that with Canadian silver dollars, maybe I should buy the key coin (1948) earlier rather than later, because it will likely just become more and more expensive over time to eventually get one? Maybe history is a good lesson. I have acquired 45 out of 50 of the 'short set' for U.S. Early Commemoratives in low to mid UNC, but four of the five (Lafayette, Hawaiian, Hudson, and one other that escapes my memory right now) are among the priciest of the series. And I don't believe that I will ever be able to complete my set (at least not with low UNC examples of the keys I mentioned). I've kind of put that set on the back burner. On the other hand, I think buying the 1948 as the finishing coin in my silver dollar set would probably feel really satisfying, too.





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 Posted 01/20/2017  07:04 am  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
Be careful about buying the '48 .. it has been copied and faked with great regularity, some very hard to discerne. I would suggest that you buy that coin in-hand across a counter or table, face to face. My personal opinion is that the '48 is overpriced and readily available at any moderate to major show up here. You should be able to do lots of shopping around and don't feel that you have to be in a hurry.
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Pacificoin's Avatar
Canada
5400 Posts
 Posted 01/20/2017  10:17 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Okie is right 1948 Dollar is a money coin . Readily available and pricy. You will have a harder time find ing the "right" 1945 , 1947 Pointed and Maple Leaf. Have fun.
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Canada
395 Posts
 Posted 01/20/2017  10:39 am  Show Profile   Bookmark this reply Add Talonbat to your friends list Get a Link to this Reply
So very true Pacificcoin, finding the "right" 45 really was a pain. Seems like the only ones people were willing to sell were ugly ones and not exactly for a discount.
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