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Anyone In Canada Experienced With Submitting Bills To PMG Or PCGS?

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Author Previous TopicReplies: 6 / Views: 773Next Topic  
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PastExpiry's Avatar
Canada
96 Posts
 Posted 05/20/2024  02:02 am Show Profile   Bookmark this topic Add PastExpiry to your friends list Get a Link to this Message Number of Subscribers
I am mostly interested in knowing if there were any duties involved, and if you got charged HST when the bills were shipped back to you from PMG (or PCGS).

Also if anyone has done this recently, is there still a backlog/delay. I recall hearing sometime in 2023 that the delay was something like 90 days (even with the 'express' 5 day turn-around).

Thank you for your time and consideration.

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walk2dwater's Avatar
Canada
2571 Posts
 Posted 05/20/2024  09:22 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
I made a bulk submission back in 2022. PMG recommends using FedEx but the price the FedEx guy quoted for insurance seemed insane. I went with Canada Post & she filled out the customs declaration form. I declared the package as "numismatic collectibles" & I believe she wrote that. I gave 1/2 the estimate of what my package would cost me to replace so the insurance was far less than what I would have paid using FedEx. In fact I believe it was less than 1/3 the cost using Canada Post. You pay HST on the Canada post charge but that's it. PMG charges your credit card if you're a member. They'll charge you according to the submission form & may add on costs as they go along. It's all in USD so not cheap when you pay your VISA! I got some extra charges for labelling/designating any note a "radar" etc.

It took 2 months but there was also that terrible Hurricane & my notes survived. PMG used FedEx to send them back & I did not have to pay duties (on my own notes).
Edited by walk2dwater
05/20/2024 09:24 am
Pillar of the Community
Canada
5324 Posts
 Posted 05/20/2024  10:05 am  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
What was average cost per note ?
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walk2dwater's Avatar
Canada
2571 Posts
 Posted 05/20/2024  10:34 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply

Quote:
What was average cost per note ?


This is a loaded question which I would never disclose on a public forum. I can tell you what anyone can discover for him/herself: PMG starts off charging $20.00 USD per note (bulk rate) but this figure increases due to shipping & extra charges.
Valued Member
PastExpiry's Avatar
Canada
96 Posts
 Posted 05/20/2024  2:18 pm  Show Profile   Bookmark this reply Add PastExpiry to your friends list Get a Link to this Reply
I'm used to using ebay when it comes sending stuff to the US (mostly non numismatic things), so is the declaration form something they have you fill out at the postal outlet? Or is there some form you print off that you bring with you?
Pillar of the Community
Canada
5324 Posts
 Posted 05/20/2024  6:28 pm  Show Profile   Bookmark this reply Add john100 to your friends list Get a Link to this Reply
For about a year or so a GTA dealer is an offical submission center for PMG but it seems to cost a 100 bucks a note
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walk2dwater's Avatar
Canada
2571 Posts
 Posted 05/21/2024  09:47 am  Show Profile   Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
PastExpiry, you have to complete a PMG submission form correctly (ID each note/ est value, etc) & organize your notes exactly like your submission form. At a Canadian P.O., you will give them info for your declaration form once (or before) you pay for the postage.

There are 2 ways to submit: first by becoming a member (which is how I answered the question- as a member) or by submitting through an authorized dealer. A member must pay an annual fee but if you submit a 50 note bulk batch (like I did) & your notes aren't off-the-chart rare (like mine) it can be the rate I mentioned + your fees.

Also, the World bulk rate is lower than the US bulk rate & if you submit under 50 notes (non bulk rate) it is much higher again. They also have a system of tiers- which I believe is more about the insurance involved. If your note is a 1914 $50 Red seal, then its like you're sending in the "crown jewels" & as such will be charged a higher rate. When you submit through a dealer even low-valued notes could be $100/note @john100.

I believe the same would apply if I were to send in a 5 Balboa from Panama. Instead all of my notes were dated post-1957 & qualified for the world bulk rate.

Check the PMG site:
https://www.pmgnotes.com/submit/how-to-submit/

Like I have written on my first reply: it is not cheap. If you're in Canada & you wish to have BoC notes certified, it is far more economical to use BCS (hands down) since there's no tier system, you have the option to drop them off (if you're in southern ON) & the only extra damage is the GST (which is minor if you factor in the exchange rate with the USD). The only reason I turned to PMG was b/c BCS does not certify World currency.
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