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 Replies: 18 / Views: 7,193 |
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Pillar of the Community
 Canada
5404 Posts |
Since they are what would be considered listed personal property
and not COMMERCIAL goods there should be no real issues.
There is no DUTY ON collector coins .
That said you should provide as much Documentation as you can
IE copy of a will , any invoices , gift letter etc .
The CBSA does have the right to Impose GST / HST on fair market value
depending on your Province of residence .
. You would have to go through a lot of red tape to get it back .
Some advice , I have had clients in your position in the past , what some
have done is gone to a CBSA office beforehand and talked to a supervisor .
Overall it did help in some cases .
Whatever you do , don't even think of not declaring the items
that only leads to a world of hurt . Good luck, hope all works out for you!
Edited by Pacificoin
01/07/2020 3:46 pm
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Pillar of the Community
Canada
2495 Posts |
Pacoin............sounds like very good advice.
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New Member
 Canada
12 Posts |
Thank you for the info so far. I am trying to prepare for the worst, and hope for the best.
I can't eat to get home and find some pie and start sorting and cataloging all the coins.
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Bedrock of the Community
Australia
21788 Posts |
germ22:  to the CCF !Would love to see a few pictures of what you inherited. I have about 30 German States coins, from about 1700 to 1900. My only other claim to (German) fame, is that I own a 1998 E55 AMG, with just past 100,000 kilometers, in close to pristine original condition. |
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Pillar of the Community
Canada
1505 Posts |
You will want to be very careful of the $10,000 dollar rule on declaring. Is there any gold or very much silver in the collection? That can be a quick and easy way to get a base value. Pacific has great advice on talking to a customs official ahead of time, they are the ones you'll have to deal with. They may suggest an appraisal before you come or tell you what documents to provide at border. If you have a connecting flight, be sure to leave extra time. Post some more details and members may be able to point out what to look for and high value items. I have purchased coins in the US with ne and brought them back, sometimes up to $2500, have never paid any tax, but had to go in and talk to an agent. One guy rang it up as $0 duty/tax and said this could be used to prove it entered canada legally if issues ever happen. One agent hastled me on coin value once, because I did not have my reciept handy ( ebay purchase) |
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Pillar of the Community
Canada
1461 Posts |
If you can prove that it is an inheritance, you will not be assesd any taxes. Irrelevant of the value. Inheritance that has already been dealt with outside of Canada is not subject to duty or tax.
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Bedrock of the Community
Australia
21788 Posts |
Get some advice from professional coin dealers regarding their experience on how they import coins into Canada.
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Pillar of the Community
Canada
5404 Posts |
It is much different as a dealer importing coins into Canada than the OP
Situation.
I am a dealer and import / export coins on a regular basis .
If the OP follows the excellent suggestions from various posts above
he will have very few issues .
Edited by Pacificoin
01/08/2020 6:39 pm
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New Member
Canada
12 Posts |
There are a bunch of silver coins, only a handgun of small gold coins.
Over two thirds of the collection is not sorted and just in plastic bags.
I'd love to post some pictures, but my smartphone is to dumb to do that. I'm happy I can even post stuff.
I have emailed Canada customs, calling them has not worked for me so far die to the time change. But one thing is clear, when arriving in Canada, we will definitely go through the gate that says "things to declare". Then we can explain the entire situation.
Does anyone know of it would be better to put the collection in the carry on, or the checked bags?
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Pillar of the Community
Canada
5404 Posts |
Seriously .... Carry on or checked ?
CARRY ON ONLY , guard carefully!
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Pillar of the Community
Canada
5324 Posts |
Carry on, money should never be checked in
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New Member
Canada
12 Posts |
Customs has emails me back, with some form to fill out. Over all the said its not a bid deal. Things should go fairly smooth as long as we don't try to hide anything.
Thank you all for you help, it was valuable info.
I am looking forward to contribute to this community.
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Moderator
Canada
10463 Posts |
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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New Member
Canada
12 Posts |
Hello everyone. I After a really crappy trip, I finally made it back home.  The easiest parts of the trip was surprisingly security and customs. Late planes, missed connections cause me to have to stop in the USA on my way to Canada. In USA Customs in the USA. I checked the box "have more than $10,000". The officer asked me how much money I carry, I told him about 100 euro, $200 CND, and an unknown value of coins. I proceeded to explain that I didn't want to try to sneak something across and rather talk to one of them. That changed his attitude from professional friendly, to super friendly. Secondary screening, after explaining what is in my carry on, they had a blank stare. they looked at each other "well that's no big deal, you go to the exit over there, or do you want to look at it...?" other officer: "ya we don't need to check something like that, you can go if you want... I kind of want to see it tho, I'm curious." So I showed then second officer my coins, he was pretty excited when he saw the dates on some of the coins, we joked around a bit. He mentioned he is going to look out for me when he watches Pawn Stars.  In Canada Did the same thing "i have more than $10,000" The first officer almost had a visible question mark appear over her head, she was so confused  . But friendly, she told me to go to secondary screening. First officer asked again how much money I have, I told her the money and the coins. she send me to the next officer. This officer had a confused and slightly annoyed look as in "why are you making a big fuss about coins" He asked about the value, I told him I didn't know. the he said: "let me refraise this, how much money would I need to offer you for you to sell these coins to me?" I replied "i don't want to sell it" "so value is zero, so go ahead, get out of here" every body there had a good laugh about it.  Security screening in the USA and Germany was very similar, they asked to open the bag because the scanner couldn't see anything but a big chunk of metal. The guy in germany just had a quick glance, the lady in the USA was a bit more thorough. Here is a pic of what my carry on looked like, the empty spots where filled with teddy bears so things don't rattle around.  |
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Moderator
United States
189767 Posts |
Good to hear you made it.  |
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Posted 01/07/2020 5:18 pm
