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State Of The Canadian Coin Market?

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United States
1352 Posts
 Posted 10/15/2020  4:17 pm  Show Profile   Bookmark this reply Add bosox to your friends list Get a Link to this Reply
Jim - The exchange really does suck. It cuts both ways depending on if you are buying or selling.

1. Right now Canadian collectors at a Canadian auction pay the Hammer x 1.20 in juice x 1.15 in taxes, or about 38% above hammer in CAD. In a U.S. auction, they pay Hammer x 1.2 in juice x 1.30 exchange x 1.15 in taxes, or about 79% more CAD than the USD hammer. U. S. buyers benefit from both the exchange rate and no taxes for U.S. deliveries (some US states have 7 or 8% sales tax on U.S. auctions, which companies like Heritage do charge). In the U.S., we usually only pay taxes (28%) on any profits when we sell.

2. As a U.S. collector of Canadian coins, if I sell now the exchange rate very much works against me because it limits the ability of Canadian buyers to purchase my Canadian coins.

It is not fair, but I also remember buying Canadian coins when the USD/CAD rate was $0.90.
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Canada
135 Posts
 Posted 10/17/2020  12:42 pm  Show Profile   Bookmark this reply Add upc239 to your friends list Get a Link to this Reply
I know you mentionned coin market...and I am a silver & circulation dollar collector...but can I just mention how hot the market is for Canadian GEM uncirculated Banknotes?





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Canada
5394 Posts
 Posted 10/17/2020  1:56 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
The current state of the Canadian Coin Market ................
That depends , the market in CANADA for Canadian Coins
shall we say , " a rather tough row to hoe ".
The Market for Canadian Coins elsewhere , much better.
Especially in the USA .
A great deal of this certainly has to do with the EXCHANGE RATE.
Also the GST, PST, and HST is a factor . Thirdly Shipping tracked
in Canada is an expensive proposition.
Since around the middle of 2015 we have been selling over 80 percent
of our better Canada pieces in the States .
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Canada
40 Posts
 Posted 10/27/2020  10:41 am  Show Profile   Bookmark this reply Add torcan to your friends list Get a Link to this Reply
One thing that makes me pause before buying from the US is the postal shipping rates. I collect from e-bay (not just coins but other pop-culture stuff as well). The shipping rates from the US used to be quite reasonable, but about five years ago they greatly increased the costs of shipping anywhere out of the country. Sometimes the shipping rates are four times what you paid for the item. I don't know why the rates went up so much. I can understand maybe for overseas, from the US to Canada shouldn't be a problem. If I see something with that high of a shipping charge, usually I'll pass even if I'd kind of like to have the item.

Because of this, I don't buy anywhere near as much anymore. It makes me glad I bought the stuff when I did years ago, because it's much more expensive now.
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