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Author Previous TopicReplies: 4 / Views: 1,549Next Topic  
Valued Member
shonit123's Avatar
Canada
212 Posts
 Posted 06/07/2012  4:43 pm Show Profile   Bookmark this topic Add shonit123 to your friends list Get a Link to this Message Number of Subscribers
hey guy I often go over the border for shopping once or twice a month and I wonder is it ok to go to a american bank as a candaian and get a box of coins or some rolls and will there be any problems at the border?

*** Moved by Staff to a more appropriate forum. ***
Pillar of the Community
SteveCaruso's Avatar
United States
1796 Posts
 Posted 06/07/2012  4:54 pm  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
Potentially, yes you could run into some problems depending on the denomination you nab. It's illegal to export more than $25 worth of Pennies or Nickels at a time. However, I'm not sure what restrictions are in effect for Dimes, Quarters, Halves, or Dollars.
Valued Member
MadMortician's Avatar
United States
397 Posts
 Posted 06/07/2012  5:21 pm  Show Profile   Bookmark this reply Add MadMortician to your friends list Get a Link to this Reply
@SteveCaruso: I've got no more than $100 as pennies and nickels as long as it is for coin collecting purposes because he would be physically transporting the coins and not mailing them:
http://www.federalregister.gov/arti...t-coins#p-25
Edited by MadMortician
06/07/2012 6:24 pm
Valued Member
shonit123's Avatar
Canada
212 Posts
 Posted 06/08/2012  12:51 am  Show Profile   Bookmark this reply Add shonit123 to your friends list Get a Link to this Reply
thanks guys for the answers new question what is the maximum allowence for coins in and out of usa?
Pillar of the Community
SteveCaruso's Avatar
United States
1796 Posts
 Posted 06/08/2012  02:04 am  Show Profile   Bookmark this reply Add SteveCaruso to your friends list Get a Link to this Reply
@MadMortician - I stand corrected on the limit (I was looking at an older version of the bill; the final limit was bumped up), but "shipment" in that document also refers to carrying things with you. So, it's $100 worth per "granular trip." If it's one person, that means you can only carry $100 worth at a time across the border. If it's a shipment, only $100 worth per parcel.

@shonit123 - However, I think that once you get up to $1000 or so (in currency other than nickels and pennies) then you have to deal with customs. (But that I'd have to look up.) :-)

Aha! Here you go:

On the Canadian end:

http://canadaonline.about.com/od/cu...omsmoney.htm


Quote:
If you are carrying a total of CAN$10,000 (or its equivalent) or more - in coins, domestic and foreign bank notes, securities such as travellers cheques, stocks and bonds - you must complete a Cross-Border Currency or Monetary Instruments Report


On the US end:

http://www.cbp.gov/xp/cgov/newsroom...y_rpt_flyer/


Quote:
It is legal to transport any amount of currency or other monetary instruments
into or out of the United States. However, if you transport, attempt to transport,
or cause to be transported (including by mail or other means) currency or other
monetary instruments in an aggregate amount exceeding $10,000 or its foreign
equivalent) at one time from the United States to any foreign country, or into the
United States from any foreign country, you must file a report with U.S. Customs
and Border Protection.
Edited by SteveCaruso
06/08/2012 02:10 am
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