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 Replies: 21 / Views: 3,296 |
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Pillar of the Community
Canada
695 Posts |
I'm not 100% sure about this, but I'm pretty sure that anything is subject to duty fees. From my experience UPS is more likely to charge duty fees that Canada Post is. If duty fees are charged, Canada Post's duty fees are usually significantly less then UPS's are.
Again, I'm not 100% sure. If you have questions about duty fees Canada Post is a good place to start. Their website has a FAQ page, as well as contact #'s if your question isn't answered on the FAQ page.
Best of luck with your listing.
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Valued Member
 Canada
155 Posts |
Good advice. Thanks everyone. We'll see how it goes. So far I have a couple of coins starting at 99ยข and no bids so far (sigh). So if they end up selling for a paltry amount to someone outside the country, duty fees will not be something they have to worry about. I do have one item that has a higher bid, but only because I put on a minimum starting bid...
Again, thanks.
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Pillar of the Community
United States
1002 Posts |
I don't believe there is any duty on U.S. or Canada coins or notes going in either direction.
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Pillar of the Community
Canada
695 Posts |
Selling on ebay auction style, you will find that many buyers wait until close to the deadline before bidding. An item that has only a couple of bids, may get a lot of action within thelast 5-6 hours. Keep positive, and if you have nice coins people will usually bid on them. Edited by middross
02/27/2012 10:36 am
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Valued Member
Canada
155 Posts |
Thanks for the encouragement. It does seem a bit chancy. I was looking at the closed items under ebay search to get an idea of value and was surprised to see similar, or just about identical items had a range of results. One item started out at $0.99 and then had 15 or so bids, finally selling at hundreds of dollars. Another coin, similar date, condition, etc. had a minimum bid of $25 and no one bid on it at all. Does it depend on who's looking or does the bidding create a senses of frenzy that gets people to bid more than the item may even be worth? |
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Pillar of the Community
Canada
2781 Posts |
UPS from canada to the usa there is no customs charges for anything under $200. in reverse from the USA to canada UPS will ding you $25-$40 (learned that the hard way and the item ending up being more expensive that if I had bought it locally). as far as I know UPS and fedex will NOT insure coins. I've found Canada Post to be cheaper, plus insurable and trackable. might take a few extra days compared to courier but I have yet to be charged any fees (tax or handling etc). when I fill out the customs forms I usually describe the item as 'collectable token', just seems to be a little less tempting for theft than COIN writen in big bold letters. if ever shipping loose coins in bulk wrap them up really tightly so they dont gingle around, again, no need to attrack attention. ebay, like others have said, most of the action is in the last few minutes (for people are filtering "ending soonest" as their search criteria and trying to snipe something). I have also had items that I didnt want to sell too cheap and started the bids at a (fair) mid value price and got no bids. re-listed at 99 cents starting and attracted a lot of attention. key is to get the most people looking at it as you can. a lot of people also filter 'cheapest first' and might not even get to your listing if you are at $25 and there are 1,000 auctions below your starting bid. you can always add a 'buy it now price' and still start at 99 cents (i believe the buy it now option turns off after someone bids the first bid) good luck |
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Pillar of the Community
Canada
1984 Posts |
I have sold quite a few items on ebay and the results are all over the map. I have sold essentially identical cents out of rolls and seen them go for $1 and for over $10. After a few unhappy experiences I now always put in a minimum bid that is the least amount I would accept without feeling undue pain. But putting too high a start price can kill all interest in an item. On the other hand, I have had common ICCS MS65 cents go for $0.99, which was just about barf inducing! |
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Valued Member
Canada
155 Posts |
Wow. This has been a good education for me. I appreciate the advice. I suppose it is an auction, and like any auction you hope some billionaire has his eye on your item and is willing to pay anything to get it. And then again, maybe not.
I will continue to experiment. I haver some items at 99 and others with a minimum, and will see what happens. I'm really not in it to make a big business out of this, but rather just get something back so I can use the money to buy other things I've developed an interest in. And try not to take things too seriously. After all some of these coins I didn't even know I had...
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Bedrock of the Community
United States
10045 Posts |
Quote:
I have purchased hundreds of coins from Canada and not once had to pay duty. I have also bought from Canada, Australia, and Europe, and never paid any duty on even a higher-end coin. |
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Bedrock of the Community
Canada
10743 Posts |
Quote:
I don't believe there is any duty on U.S. or Canada coins or notes going in either direction.  |
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Pillar of the Community
Canada
617 Posts |
Any "object"(not paper) going to another country requires a customs form.
Canada post does not charge duty going out of the country. They do however collect duty (on behalf of Canada customs)on some things coming into Canada.You should not have to pay the duty here but they may have to pay there.
If your worried about theft then list the contents on the form as "collector coin" and for the value you can use the face value of the coin, But if it goes missing or gets damaged the the insurance will only be good for the value you stated on the form.If the coin is valuable then I would declare and insure it for the for the full amount (I think you can only insure coins for $500.00 at the most)and let them pay the duty at the other end.
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Valued Member
Canada
111 Posts |
Last weekend I was interested for a 1936 dot quarter in F condition with a trend of $100. So I was willing to pay around 80$. So I had bidden in the last seconds when it was around 60$ and put 90$. WOW, the speed of bids was quite amazing to see in these last seconds which end up at over 150$.
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Valued Member
Canada
115 Posts |
Send anything possible by first class mail in regular or business size envelopes to the US. You can put a coin between two pieces of cardboard(not corrugated cardboard), and it will pass without the need for a customs form, and if done correctly, no one can tell what's in the envelope, it could just be a birthday card. You can send 3-4 coins this way as long as the weight is below 50 grams and the package is thin (5mm. or less). I do it all the time. Up to 30 grs. is $1.05, 30-50 gms. $1.29.
The post office has a template they use to see if the envelope is too thick to send first class. If your envelope passes through, you're good. If you use a padded envelope, they are usually too thick to fit through the slot and then you have to use the customs sticker. However, let's say you sell 10 quarters for $20; You can mark, "Numismatic items face value $2.50". Perfectly legal.
If you are sending expensive items, you can send them the same regular envelopes but by registered mail (same postage plus about $12). On the form you can still mark "numismatic items", and since it's registered, you don't really need to worry about stating the full value, as it's signed for by the receiver (also skirts the problem of a buyer saying he didn't get the item), and provides a tracking number to avoid paypal clawbacks.
Edited by Terry-T
02/28/2012 8:16 pm
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Previously Ousted
Canada
398 Posts |
I will post a interesting info tomorrow or the day after..
Terry T is tghe only one with a correct post here on this subject
sorry no time..
CG
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Valued Member
Canada
155 Posts |
There seems to be a whole bunch of practices that work for people. I certainly now know a whole pile more than I did when I posted this question.
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Replies: 21 / Views: 3,296 |
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Posted 02/27/2012 10:29 am
