| Author |
 Replies: 9 / Views: 1,697 |
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New Member
Canada
3 Posts |
Hello everyone!
I am new to this forum and I hope someone can answer my question.
I would like to send some of my coins from Canada to the United States for certification service.
When service completed, they will return my coins together with Certificates back to Ontario, Canada using Registered mail with insurance.
I wonder if I will end up paying Canadian taxes/duties on my own coins, based on their value listed in customs form?
What can I do before shipping them to prevent this from happening?
I will appreciate any advice/suggestions.
Thank you.
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Rest in Peace
United States
9104 Posts |
 , sevicoins! The obvious way is to have proof they were your coins making a round trip. Ask the TPG you're using the easiest way to do it, they've prolly run across this hundreds of times. |
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Pillar of the Community
 Canada
9864 Posts |
There are Canadian dealers who will submit coins to PCGS for you,otherwise it is important to do as biggfredd suggested and contact your preferred TPG to find out the correct procedure. |
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New Member
 Canada
3 Posts |
Yes, I will contact my TPG to clarify it. I also asked a senior post office employee and he advised to write on Customs form in Value column (on the way back to Canada) three magic letters -"NCV"-that apparently stands for "No Commercial Value" and a square with "Other" should be checked with added description - "Return of Canadian Goods". He also claimed that "NCV" can co-exist with insurance for amount up to 10K and should not trigger any duty/tax obligations. I have some doubts about his advice. It is interesting if anyone tried it already. Thanks. |
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Rest in Peace
United States
9104 Posts |
Having never done it, I don't know for sure, but that sounds reasonable.
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Pillar of the Community
Canada
9864 Posts |
Canada Post will not insure coins.US Post will.HST/GST is always applicable but rarely charged.
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Bedrock of the Community
United States
17884 Posts |
I think that "Return of Canadian Goods" is probably the key element.
Good luck with this, I know some British collectors have had problems with it.
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New Member
Canada
3 Posts |
Actually,(at least according to their website) if shipped by Xpresspost-USA or Expedited Parcel-USA, Canada Post does offer optional insurance for jewelery (including coins) but only up to $500, and in case of other goods - up to $1000.
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New Member
Canada
33 Posts |
You could call Canada Customs and ask for their advice and follow it to the letter.
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Previously Banned Member
107 Posts |
With regards to Canada Post insurance for coins shipped outside Canada, you can insure the package to a maximum of $500 for coins. I frequently ship by Canada Post Xpresspost-USA or Xpresspost-International, however it is expensive (600 grams to Italy cost over $70.00 postage with $500 insurance).
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Replies: 9 / Views: 1,697 |
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Posted 01/24/2012 10:16 am
