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Purchasing Silver Maple Leafs

 
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Author Previous TopicReplies: 3 / Views: 428Next Topic  
New Member
United States
9 Posts
 Posted 01/28/2022  09:31 am Show Profile   Bookmark this topic Add silverstalker66 to your friends list Get a Link to this Message
Im gonna be in Canada later this year and I thought it would be a interesting idea to buy some Maple Leafs there. Is there any problem at customs as to bringing them back to the states. Which do I use to buy them with american or canadian dollars. Any help is appreciated.
Edited by silverstalker66
01/28/2022 09:35 am
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Canada
4234 Posts
 Posted 01/28/2022  09:39 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Don't complicate things . There are as much or more in
Canada as they are in the USA . Just order some in the
US.
Most Dealers in Canada would want to be paid in CAD
so you lose a few points on exchange .
No duty or taxes are applicable returning home .
New Member
25 Posts
 Posted 01/30/2022  11:08 am  Show Profile   Bookmark this reply Add Coin9328492 to your friends list Get a Link to this Reply
Buying them at the us from dealers is also a way. You don't need to buy them in canada
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Canada
588 Posts
 Posted 01/31/2022  11:29 am  Show Profile   Bookmark this reply Add vonigohcr to your friends list Get a Link to this Reply
@silverstalker66

Depends on where you are going in Canada... If a major center (Toronto, Montreal, Vancouver, Calgary etc.) you should be able to find a bullion store... If you are going to a small town such as Quesnel, BC or Flin Flon MB, you will be out of luck.

Big dealers will accept USD but CAD will usually be preferred.

Crossing the border with maples will be straightforward but depending on how much you have you may have to declare... You have to declare cash that exceeds $10,000. Bullion is considered as cash for these purposes... BTW, you will also have to declare anything over $10,000 CAD (approx $7K US) when you come into Canada. It is not taxable or subject to duty but the government wants to know about large cash transfers across a border and if you have a large sum, anticipate being asked why and whether you are about to traffic in illicit goods. Additionally, travelling with a large "wad" of cash to and from the border/airport can subject you to civil forfeiture where you can have your cash seized by a police officer and you have to sue for its return. The government doesn't want you using cash.

With all of that said, you should consider purchasing in the US... if you don't have a local bullion dealer, there are plenty of online dealers e.g. APMEX that will sell bullion at competitive prices. There is no added value or reduced cost in purchasing Maples in Canada. Silver Maples here are usually within a dollar or so of equivalent Silver Eagles... Again very similar to online US dealers.
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