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 Replies: 21 / Views: 11,558 |
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Pillar of the Community
 Canada
5400 Posts |
Pretty easy taking coins that are legal tender face value. When we fly it adds a couple of minutes and they look at me as if I am whacked!! Right now it is not too profitable as the Canadian dollar seems to be on the way back up .
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Pillar of the Community
Canada
1354 Posts |
I've gone over the border for coins to bring home for CRH. I once brought back $700 in pennies, nickels, half dollars. No one asks the question of "how much change you are bringing back". Fortunately I wasn't searched because like mentioned above, I believe there are limits for import/export. I also had taken the leftover coin back to the US and was not questioned. The banks were awesome as well selling me coin without an account and cashing in my coins for bills.
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Pillar of the Community
Canada
572 Posts |
Sweet. So I can bring my rolled American coins to any financial institution in the States for bills without having an account there? I would like to get some $2 bills and half dollars when I head South next time.
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Pillar of the Community
Canada
1354 Posts |
Amaths
You don't roll coins for most US banks. Just take it in a bag. They have sorters.
They can still refuse to take it. I try to sweet talk them by saying I'm CDN and don't make it down often so I don't have an acct. I have always found a bank to take it.
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Valued Member
Canada
109 Posts |
Having never done this before, last year I had around $100 in coins, including 8 rolls of quarters, in my carry on bag when I flew from Saskatoon to Houston. Of course, it got pulled aside when I went through security and they asked me what it was about. I just told them it was spending money. They let me go without much hassle but if I do that again it will go in my checked luggage!  |
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Pillar of the Community
United States
589 Posts |
As far as I understand it, Canadian law and American law are the same in that regard: $10,000 limit. So, you can bring in $9,999.99 (making sure there isn't a lost cent, or more, in your vehicle or on you) no problem. But remember, the US dollar is worth more than the Canadian dollar, so you can only take up to $10K Canadian to or from Canada with no issues, if the US dollar looses value an the Canadian dollar becomes worth more, than it's flipped. -- What I mean is that if you took $9,999.99 US into Canada, you'd be fine with the American authorities but not with the Canadian; flipped should the value of the currency change. As far as getting US coins exchanged, banks will do it with or without accounts. Some are picky, and demand accounts for anything. Others demand accounts for more than $X. Whereas the majority of banks I've been to haven't cared at all. And, it might just be around me (in Michigan), but banks tend to like coins rolled. If one bank has a fit, take it to another; or take it to a Walmart or some other larger store, not too much at a time, maybe $2 in cents, $4 in nickels, $5 in dimes, etc. and see if they'd be able to help you out. Most do. |
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Pillar of the Community
Canada
1747 Posts |
One more thing, It is actually not illegal to cross the border with more than $10K, as I know people who do it all the time.
HOWEVER, you do have to declare it, and you will be asked into the nice customs office, and will need to have them count the money. If you have a legitimate reason to enter the USA with the cash (for a legal business) then they let you through.
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Valued Member
Canada
160 Posts |
I live about 10 minutes from the Washington state border, and plan on getting either a box of nickels or dimes in the next little while. Can anyone tell me which banks don't require an account?
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Pillar of the Community
Canada
2805 Posts |
I have had success at CIBC and Scotiabank, unless you're talking about American banks.
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Pillar of the Community
Canada
726 Posts |
Does Washington hav a Federal Reserve Bank.,..,?  Edited by persistnt
06/22/2014 4:23 pm
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Valued Member
Canada
95 Posts |
I live by the border, and went to 3 different American banks.
They gave me any coins that I wanted, from dollar coins to half dollars. (No large dollars)
I did get a little hassle when I came across the border, but I don't think that it had anything to do with the coins.
The only thing he did was look at them, didn't say a word about them.(did not care)
Be HONEST with them, even if you don't think it's a big deal bringing them across.
I didn't think it was a big deal, it is just changing money for money.
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Valued Member
Canada
160 Posts |
Nalaberong: I was wondering about American banks.
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New Member
Canada
31 Posts |
If you want to get rid of coins without a hassle, go to a casino. They love to see people bring in coins because they have to buy theirs and believe it or not, they pay more than the value of the coins. (I worked in a casino bank for a while).
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Pillar of the Community
Canada
5400 Posts |
Pay more than the value of the coins ? highly doubt that. Most casinos are completely coinless these days.
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Bedrock of the Community
United States
12437 Posts |
Entering the US is fine, exiting the US with quantities of certain denominations could be problematic due to the export limits set by current cent and nickel melt ban. Quote:
Specifically, the new regulations prohibit, with certain exceptions, the melting or treatment of all one-cent and 5-cent coins. The regulations also prohibit the unlicensed exportation of these coins, except that travelers may take up to $5 in these coins out of the country, and individuals may ship up to $100 in these coins out of the country in any one shipment for legitimate coinage and numismatic purposes. In all essential respects, these regulations are patterned after the Department of the Treasury's regulations prohibiting the exportation, melting, or treatment of silver coins between 1967 and 1969, and the regulations prohibiting the exportation, melting, or treatment of one-cent coins between 1974 and 1978.
The new regulations authorize a fine of not more than $10,000, or imprisonment of not more than five years, or both, against a person who knowingly violates the regulations. In addition, by law, any coins exported, melted, or treated in violation of the regulation shall be forfeited to the United States Government.
Quote:
Does Washington have a Federal Reserve Bank.,..,? Nope, the only one on the west coast is San Francisco but Fed banks are not usable by the general public anyway. |
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Posted 06/21/2014 12:55 pm
