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 Replies: 26 / Views: 4,806 |
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Pillar of the Community
 Canada
665 Posts |
@JBU Strictly speaking there is no limit on cash crossing the border but there is a reporting requirement over $10,000 in local currency. So $10K CDN would be approx $7,500 US. That said, I would declare cash of any significance crossing the border with the actual reason... there is nothing illegal in roll hunting and that will provide a rationale for driving across with a large quantity of coins... If the custom's guys don't believe you which is possible if you provide an outlandish reason, they can seize the cash whereas if you are caught attempting to cross with a large quantity of coins undeclared, you will have the coins seized, and get a fine and possible charge for your troubles. There should be no tax or duty on face value circulating coins so there is no downside to declaring. Don't forget weight though... $10K in pennies will weigh over 2 tons so make sure you take a truck and leave the smart car at home  |
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Bedrock of the Community
United States
10635 Posts |
JBU, someone said elsewhere here on CCF (sorry I don't have a link) that banks in Canada WILL give you pennies if you ask them nicely and/or tell them you're a coin collector. Someone said that some banks will even call you when they get them in, so you should be ok with searching rolls of cents or a bit. Stop into whatever bank you have accounts with and talk with the branch manager. If you're nice with your request, I've found they are very willing to help.  |
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Bedrock of the Community
United States
10635 Posts |
JBU, if you're interested in trading unsearched bank rolls of Canadian pennies for the same in US pennies, one for one (you win the exchange rate), send me an email.  Edited by merclover
12/12/2019 12:00 am
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New Member
 Canada
48 Posts |
(Hey merclover, the site won't let me send you an email... considers me a new member but I've been here since 2013.) Anyway, I collect both us and canadian pennies so if I get my hands on un-searched rolls i'd never be able to not search them...!
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Pillar of the Community
Canada
5591 Posts |
I think that you need 50 posts to send email.
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Bedrock of the Community
United States
10635 Posts |
JBU, I'd post my email here, but I think that's against forum rules, I'm not sure  But, if you can't send me unsearched rolls, well, the point is moot I guess. If you change your mind, let me know. |
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New Member
Canada
7 Posts |
I have a great relationship with the RBC and CT and they let me buy back pennies all the time. I actually was lucky enough to get 8 boxes after they just came in one day! Most of the banks don't mind selling them back to you as they have to ship them all out to the mint so less hassle if you take them off their hands. If you buy them, you can't walk back in and take them back after going through them.
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New Member
Canada
48 Posts |
Rob4640 = well, that is fantastic. Never heard of that one!
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Pillar of the Community
Canada
5246 Posts |
Officially banks in Canada are not supposed to sell one cent coins back to the customer. They have been instructed as such. I was told that by a bank employee a few years ago.
That being said, obviously they break those rules from time to time. By selling them to the customer they may be lucky and never see them again or have to pay the shipping costs.
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Pillar of the Community
Canada
9165 Posts |
Agree with oriole I have been to all banks in town and none will sell them back,
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Pillar of the Community
Canada
695 Posts |
I recently picked up 47 rolls from my local bank. They were happy to get rid of them as they cannot return until they have a full box. They've been 3 rolls short for months according to the supervisor.
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Replies: 26 / Views: 4,806 |
First Page
Posted 12/11/2019 11:41 pm
