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 Replies: 17 / Views: 5,017 |
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Valued Member
Canada
196 Posts |
Since pcgs and ngc are located in the us, I am just worried about custom tax declaration when you are getting your coins back after you send coins for grading from canada. To get insurance you need to declare value of goods. Just wondering if anybody in the forum have issues with custom before regarding this. Thank you
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Pillar of the Community
Canada
1177 Posts |
i recommend you sending them to a Canadian company!
CCCS and ICCS are great
send "errors" to CCCS as ICCS doesn't grade error coins
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Moderator
 Canada
10458 Posts |
I think it depends on why you want to have your coins certified. I send coins to PCGS, CCCS and ICCS, all for very different reasons. Factors to consider include, resale value in the Canadian market, resale value in the international market, registry set competition (i.e., striving for the finest known) or protection of the coin. If you know why you want your coins certified, then the answers are easy as to which company to choose.
"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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Pillar of the Community
Canada
1177 Posts |
PCGS is a lot harder to sell to Canadians (if they're Canadian coins) IMO
stay away from NGC and ICG for Canadian coins... period
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Valued Member
 Canada
196 Posts |
I usually send my canadian decimal coinage to ICCS for grading. However, for some NCLT, example palladium coinage and platinum, PCGS and NGC seems the way to go if you would like to resell them. Certain high quality decimals seems to sit better in them too. Thus come my question about taxes when you are receiving back your own coin. There are no taxes for bullion items, what about other taxable canadian coins that you sent down for grading. Thank you
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Valued Member
Canada
196 Posts |
I dont really trust NGC grading for canadian coins.A lot of times they are overgraded. I find that in general PCGS is pretty good and consistent
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Moderator
Canada
10458 Posts |
Quote:
PCGS is a lot harder to sell to Canadians (if they're Canadian coins) IMO It is not as easy as that. Depends on the coin. Note that the VERY BEST of Canadian coins (highest graded and finest known) are in PCGS holders for a very good reason... "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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Pillar of the Community
Canada
1581 Posts |
Yes, because anyone with sense would want to make it appealing to as wide a bidder base as possible. * (Higher value) ebay -> Can't put it on ebay.com as certified unless it is US TPG* (Highest value) Americans trust PCGS and probably don't know much about ICCS or CCCS. US-based auction. I think it would be incorrect to assume that this means CANADIANS trust PCGS more for the VERY BEST. Many PCGS coins are cross-graded by ICCS for a very good reason... ;) |
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Pillar of the Community
Canada
2495 Posts |
The OP has asked questions regarding customs and insurance. Everyone has addressed which TPG is better to grade which does not answer the OP's question. So MJT, here's your answer...... You do not have to worry about return shipping because PCGS and NGC takes care of this for you (and charges you accordingly). Upon return of your coins through Customs, you will be charged 13% on the grading fees only, NOT on the value of your coins. Now when you send coins to the US for grading insuring the shipment is a little more difficult. In Canada, whether it's Fedex, UPS, regular mail or even Expresspost will NOT insure coins. What you have to do is contact a company that will insure your package as a third party. I recommend ParcelPro. It is expensive because not only do you have to pay them for the insurance, they stipulate that the parcel must be sent Overnight Fedex service (which is expensive too). For myself, I have sent the odd package to PCGS Expresspost (without insurance). It's a little risky, but it's tracked and promised to get there in 2 to 3 days and everyone in the coin business swears by Expresspost as the safest "non-insurable" way of mailing coins. Hope this helps... DE59 Edited by doubleeagle59
01/19/2013 5:25 pm
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Valued Member
United States
492 Posts |
Quote:
I dont really trust NGC grading for canadian coins.A lot of times they are overgraded. Sounds like a reason you would WANT to send your coins to NGC... |
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Valued Member
Canada
196 Posts |
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Moderator
Canada
10458 Posts |
I use a PCGS authorized dealer. I send the coins to that dealer, with full documentation and declaration of value - the dealer handles the customs, shipping by FedEx, and insurance - which I ultimately pay for.
"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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Pillar of the Community
Canada
632 Posts |
I deal with PCGS through an agent.
Because "accidents" happens, declare to PCGS the FULL value of your coin! Don't try to save money by undervaluing your coins.
I have a lot of material to send to NGC but I don't know any agent and dealing directly with them was not satisfactory. So, one of these days I will go south, hand them my coins, do a week or so of tourism and pick them up on my way back.
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Valued Member
Canada
196 Posts |
Thanks you for all the information.
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Pillar of the Community
Canada
1984 Posts |
I joned NGC just befoer Christmas and I have since sent and received back two bunches of coins. All went smoothly.
They ship back by US registered mail in a very secure, anonymous package. It is bound with heavily reinforced tape. I don't think that the package is insured on shipments to Canada. They claim they have never had a package to Canada go astray. They only declare the value of their holders for customs so here was no duty on the shipment.
On the way down I sent one bundle by Canada Post and one by Fed Ex. Fed Ex was overnight and I think I will use them going forward.
I like the fact that you can track your coins on line while they are at NGC as they are entered into the system, scheduled for grading, graded and then shipped.
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Pillar of the Community
1844 Posts |
@ doubleagle...Express post is not tracked once it crosses the border... It is left up to each individual po to either scan it or not..There is a huge misconception here.. Trust me I know after having lost in excess of 50 g's of coins to the USPS.... They USPS are not tracking because they are not under contract ( being paid ) to do so... Registered mail is same... Each depot has their own way of handling said items...
I was told by an customs officer for USPS at JFK where most of our mail goes that it is all treated as regular mail..
PLEASE everyone inform yourself with CP and you will see ..They will tell you that once it crosses the border they are no longer responcible for the item
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Replies: 17 / Views: 5,017 |
Posted 01/19/2013 1:44 pm
