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 Replies: 9 / Views: 1,633 |
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Pillar of the Community
Canada
849 Posts |
I am a Canadian living in Canada and plan a two week trip to the States. I might check out a few coin shops along the way. If I buy anything will there be duties to pay at the border? I would think my purchase would be part of my duty-free dollar value I am allowed? If I go over my duty free limit, what would the rate be?
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Valued Member
Canada
299 Posts |
You could always mail them to your Canadian address.
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Pillar of the Community
Canada
3690 Posts |
Anything you buy and bring back OR mail back to Canada would be subject to any applicable tax in so far as it isn't covered by any personal exemption to which you might be entitled.
You must declare the purchase value of the coins along with anything else you purchase to bring back (or again, mail back) to Canada.
There is no duty on coins. There is potentially tax depending on what you buy (purity counts here) and in which province you reside.
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Pillar of the Community
Canada
1747 Posts |
also are you buying slabbed coins or just going to get coin rolls and do some hunting? circulation coinage bought at face value does not need to be declared. also as a tip if you go to coin shops in the USA, they may have a foreign coin bin where you may find a ton of Canadian coins at below Face value (do your best haggle, and you may score big) Just make sure they do not know you are Canadian otherwise your chances are significantly lower.
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Pillar of the Community
Canada
3690 Posts |
Good point ace_ftw. I assumed purchase of collector coins (i.e. at more than face value).
If you bring back coins that you get at FV then you only have to declare if you are carrying more than 10,000CAD or equivalent in cash, coins or other monetary instruments.
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Pillar of the Community
Canada
9152 Posts |
You will be able to bring back $700 each.
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Pillar of the Community
 Canada
5393 Posts |
Not a big deal , no duty just Gst or HSt depending on WHERE YOU LIVE. Most customs guys really don't care too much! Just do not try to do the old I didn't buy anything or I have nothing to declare. be truthful!
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Pillar of the Community
 Canada
849 Posts |
I'm always up front when I return to Canada at the border crossing. I don't buy much so rarely go over my limit. Still looking for a 47 Maple leaf and 48 in the Canadian Silver Dollars. That would put me over my limit!! Just wondered how much extra I'd be paying.
Edited by punman
07/20/2014 8:23 pm
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Pillar of the Community
Canada
5393 Posts |
Actually the States is a great place to buy Canadian Dollars. Lots show at coin shows. The 47 leaf is underrated and the 48 is an obnoxious coin at best................easy to find if you have lots of cash. The ultimate Canadian "MONEY" coin
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Pillar of the Community
United States
589 Posts |
With regard to the 10K CAD bit above, it's 10K or above in which you need to declare ($9,999.99 you don't need to), and it's the same in both the US and Canada. Since the Canadian dollar is worth less than the US dollar, you will be fine with both the American and Canadian authorities (and won't need to declare) for under 10K, but should the Canadian dollar surpass the US dollar, then you'd be okay with the Canadian authorities, but wouldn't be with the American authorities since then $9999.99 CAD would be worth more than 10K USD, and you'd need to declare it or take your chances on having it all seized.
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Replies: 9 / Views: 1,633 |
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Posted 07/18/2014 11:27 am
