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 Can I legally sell Ag U.S. coins to a Canadian?
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Nickelless
1000+ Penny Miser Member


USA
1343 Posts

Posted - 05/21/2008 :  04:37:06  Show Profile Send Nickelless a Private Message  Reply with Quote
I just noticed that someone in Canada is currently the high bidder on one of my auctions for 40% silver Kennedy halves:

http://cgi.ebay.com/119-Kennedy-halves-1965-1970-40-silver-content_W0QQitemZ170220708453QQihZ007QQcategoryZ41103QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Is it illegal for me to sell these to someone in Canada? What are the rules on selling or shipping U.S. coins out of the country?

Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com

horgad
1000+ Penny Miser Member



USA
1349 Posts

Posted - 05/21/2008 :  07:39:03  Show Profile Send horgad a Private Message  Reply with Quote
There is nothing illegal about it, but as a rule I never sell to someone one outside of the country. The risk of fraud is too great and fighting with someone that defrauded you is too difficult and expensive when they live in another country. In short, selling across borders is an added layer of complexity that is just not worth it when there are plenty of US buyers.

IMHO

Edited by - horgad on 05/21/2008 07:39:31
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just carl
Penny Collector Member



USA
397 Posts

Posted - 05/21/2008 :  08:44:26  Show Profile Send just carl a Private Message  Reply with Quote
quote:
Originally posted by horgad

There is nothing illegal about it, but as a rule I never sell to someone one outside of the country. The risk of fraud is too great and fighting with someone that defrauded you is too difficult and expensive when they live in another country. In short, selling across borders is an added layer of complexity that is just not worth it when there are plenty of US buyers.

IMHO


Exactly what I was going to say. Imagine trying to do anything about someone not paying or something when in another country. Law suites just don't work.

Carl
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Nickelless
1000+ Penny Miser Member



USA
1343 Posts

Posted - 05/21/2008 :  13:00:47  Show Profile Send Nickelless a Private Message  Reply with Quote
Well, on eBay they have to pay first, so Paypal will come in handy for that, and I won't ship anything until payment clears anyway. Incidentally, here's the thread on Goldismoney.info where I posted the same question. Interesting answers...

http://goldismoney.info/forums/showthread.php?t=267049

Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com
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simplicitycounts
Penny Pincher Member



USA
200 Posts

Posted - 05/21/2008 :  13:30:35  Show Profile Send simplicitycounts a Private Message  Reply with Quote
I was reading what you can and can't ship to Canada the other day. You can not ship currency or coin unless it is being sold to a collector such as obsolete coins or coins no longer in circulation. You don't find silver coins in circulation so you are safe. On your customs marke collector coins and INSURE IT.
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horgad
1000+ Penny Miser Member



USA
1349 Posts

Posted - 05/21/2008 :  13:33:54  Show Profile Send horgad a Private Message  Reply with Quote
quote:
Originally posted by Nickelless

Well, on eBay they have to pay first, so Paypal will come in handy for that, and I won't ship anything until payment clears anyway. Incidentally, here's the thread on Goldismoney.info where I posted the same question. Interesting answers...

http://goldismoney.info/forums/showthread.php?t=267049



You should read about charge back fraud. Getting the money first through Pay-Pal before shipping means almost nothing. You will eventually get bitten on E-Bay/PayPal. It is just a matter of time.

On the other hand, the chances are in your favor that the transaction will go smoothly. Limiting transactions to the US simply tilts the odds a little more in you favor.

I did everything possible to tilt the odds towards me when I was selling 10 of thousands of dollars worth of crap a year on E-Bay, but I still got bitten a couple times. Since I was doing so many transactions at the time, I just took it as part of the cost of doing business and ate the losses.

Sincerely.
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Bluegill
Penny Collector Member



USA
441 Posts

Posted - 05/21/2008 :  15:20:11  Show Profile Send Bluegill a Private Message  Reply with Quote
I used to sell a lot on Ebay a few years ago. I had more problems with my fellow Americans than I did with the Canadians...

With PayPal I had a seperate specific checking account, I withdrew the deposit the day it came in for every sale. I never kept a balance in there in case PayPal decided to try and take the money back out because of a "dispute" from a buyer.

As far as I'm aware because you are selling these coins as numismatics, you are perfectly legal.



“I’m fully diversified. I’ve got some under the mattress, some under the floor boards, some in the backyard.”



"Give me control over a nation's money supply, and I care not who makes its laws." – Anselm Rothschild

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legacypac
Administrator



Canada
1653 Posts

Posted - 05/21/2008 :  20:05:48  Show Profile Send legacypac a Private Message  Reply with Quote
Well Nickelless I am that "somebody from Canada" who is high bidder on your 40% 1/2's. I saw them linked off one of your posts here where you were looking to raise money for copper.

If you look, you will find I have 100% positive feedback on ebay, as both a buyer and a seller. Any collection risk you face is exactly the same as dealing with any American buyer.

There is no risk selling US coins like these and exporting them. No problem with me collecting some US 1/2's here in Canada. Heck, depending on the day, my dollars are worth as much or more then your dollars.

As for all the naysayers, I assure you that Canadians generally are as or more trustworthy as the Americans. But if it makes you feel better, I am American educated, lived in Missouri and Maryland, have traveled in 46 states, D.C., PR and USVI and right now live 20 min from the border!

Oh and nice to meet you - and see I am now so famous on this board! LOL Have a great day :)
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CoinHunter53562
Penny Hoarding Member



USA
627 Posts

Posted - 05/21/2008 :  22:39:46  Show Profile Send CoinHunter53562 a Private Message  Reply with Quote
quote:
There is nothing illegal about it, but as a rule I never sell to someone one outside of the country. The risk of fraud is too great and fighting with someone that defrauded you is too difficult and expensive when they live in another country. In short, selling across borders is an added layer of complexity that is just not worth it when there are plenty of US buyers.

IMHO


Excellent points. I stopped selling internationally on EBay for a few reasons. One, it was a pain in the you know what to figure out shipping costs. Two, the extra paper work at the post office was a hassle. Three, there was virtually no way for me track an item once it left the U.S. so I felt a bit helpless. Good luck proving to someone in another country that their postal service delivered the item safely. To me the risk was far greater than the few extra bucks I might make by opening up international sales.

Load up now while you can!

HoardCode0.1:M38/1USWI:US1Cu990:US5CuNi85
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CoinHunter53562
Penny Hoarding Member



USA
627 Posts

Posted - 05/21/2008 :  22:45:22  Show Profile Send CoinHunter53562 a Private Message  Reply with Quote
Oh and to answer the original question, I dont believe there are any restrictions on shipping Ag to Canada or overseas. Copper pennies and nickels are a different story though.

Load up now while you can!

HoardCode0.1:M38/1USWI:US1Cu990:US5CuNi85
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Nickelless
1000+ Penny Miser Member



USA
1343 Posts

Posted - 05/22/2008 :  03:53:04  Show Profile Send Nickelless a Private Message  Reply with Quote
Thanks for bidding, Legacypac, and welcome to the board!

Why hyperinflation is inevitable...and very soon:
http://www.shadowstats.com/article/292
http://www.ChrisMartenson.com
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NotABigDeal
1000+ Penny Miser Member



USA
1848 Posts

Posted - 05/22/2008 :  06:30:04  Show Profile Send NotABigDeal a Private Message  Reply with Quote
quote:
Originally posted by legacypac
....
As for all the naysayers, I assure you that Canadians generally are as or more trustworthy as the Americans. But if it makes you feel better, I am American educated, lived in Missouri and Maryland, have traveled in 46 states, D.C., PR and USVI and right now live 20 min from the border!

Oh and nice to meet you - and see I am now so famous on this board! LOL Have a great day :)


Where at in Missouri?

Deal

I'm so sick over pennies....I frequently trade a dime or two for the whole "take-a-penny" container if sufficient coppers exist. That will get you some odd looks.
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NiBullionCu
Penny Sorter Member



USA
92 Posts

Posted - 05/23/2008 :  10:13:33  Show Profile Send NiBullionCu a Private Message  Reply with Quote
I love selling to Canadians!

Haven't ever had a problem, yet.

If you do online shipping labels, the label now incorporates the customs form.

Piece of cake.

I even ship to China! Of course then I buy 3rd party insurance from Upic.

haven't had to file a claim yet. (knock on wood).

With the devaluation of the dollar I think it is worth the risk to sell International.

But to each his own, there is definitely a learning curve. But flat rate priority International is a pretty reasonable way to ship.

Actually, I can ship up to 7 ounces first class to Canada cheaper than I can across town. Go figure!
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Cody8404
Penny Collector Member



USA
340 Posts

Posted - 05/23/2008 :  11:21:26  Show Profile Send Cody8404 a Private Message  Reply with Quote
From experieince I have learned you must be careful of Canadians because they are more trustworthy and honest and less snobby and less entitled than Americans.

I think it has more to do with being from the country than being from another state.

Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ.

Edited by - Cody8404 on 05/23/2008 11:22:48
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