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specialbob
Penny Sorter Member
USA
56 Posts |
 Posted - 04/26/2010 : 18:20:21
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I'm headed up to New England and Canada for vacation around Memorial Day. Is there a limit to the number of Canadian nickels you can, um, smuggle back over the border to the States?
I understand there restrictions with tobacco and booze. And, of course, the ban on taken certain amounts of US pennies over the border.
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natsb88
Administrator
USA
1850 Posts |
Posted - 04/26/2010 : 18:37:45
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| You can cross the border with up to $10,000 in cash (although that much in nickels would certainly draw some attention). |
Nate
The Copper Cave
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specialbob
Penny Sorter Member
USA
56 Posts |
Posted - 04/26/2010 : 18:38:57
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| I was thinking of getting $200 or $300 worth. |
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Nickelless
Administrator
USA
5580 Posts |
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hobo finds
Penny Hoarding Member
838 Posts |
Posted - 04/26/2010 : 20:20:10
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| Didn't he have a pic of a truck loaded full of Nics? And was stopped when he crossed in to the US? |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 04/26/2010 : 20:30:45
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c140 was primarily bringing pennies from Canada. He was getting the bulk ones from me. I have since invested in some more commercial sized equipment and am selling them sorted.
The law is $10,000 face value before you have to declare it. However, I would suggest that if you are bringing any more than a few bucks back, to declare it.
It is not illegal to export Canadian coin and it is a lot better than getting pulled over and having to be interrogated about boxes of coin.
Theoretically, you can export millions in circulation coins without any legal ramifications.
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www.londongoldbuyer.com |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 04/26/2010 : 21:55:06
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| i think you might want to note that canadian nickels are yielding only about 20%... so you'd be returning into circulation a great deal of canadian nickels. That may bother some banks in your area. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 04/26/2010 : 22:12:00
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Funny story: I was crossing the US border last weekend with a few FRB's worth of pennies for Nate. The customs officer asked me to pop the trunk and asked what was in the (already packaged, sealed and addressed) boxes. I said "pennies" and he asked "how many"? "Thousand and thousands!" was my reply. They hauled me in for interrogation.
I filled out a declaration card and stated how much cash I was travelling with. He thought I was lying because I stated a few hundred dollars. "But you said THOUSANDS AND THOUSANDS". Yeah, thousands and thousands of pennies is only a few bucks I informed him. The guy seemed confused.
Funniest part - he then asked if I would open the boxes for him to inspect and I said "gee, I'd rather not. They're all taped up nicely" He said "Okay" and let me carry on - LOL
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www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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Nickelless
Administrator
USA
5580 Posts |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 04/26/2010 : 22:41:34
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quote:
Originally posted by specialbob
I was thinking of getting $200 or $300 worth.
Just stick them in your car, there is nothing to declare. No different than having 3 $100 Canadian bills in your wallet. If you are searched and they say anything, truthfully say you collect nickels and shrug your shoulders because it is just a little cash. Absolutely nothing illegal about taking out Canadian coins from Canada for any reason.
You might want to sort them in Canada though otherwise your US banks are not going to be happy with the dumps. Any Canadian bank can buy or sell a few blocks of nickels for you.
Enjoy your trip - there is some amazing things to see in that area. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 04/27/2010 : 10:06:19
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| Why isn't Canada as strict as the U.S. about exporting coins? You couldn't do the same with U.S nickels and pennies. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 04/27/2010 : 22:24:21
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| Modern Canadian nickels and pennies are mainly steel and not worth melting. The melt worthiness of the US zinc penny and CuNi nickel led to the export ban. You could still ship US dimes and quarters abroad by the container if you had a market. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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specialbob
Penny Sorter Member
USA
56 Posts |
Posted - 04/28/2010 : 17:01:24
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I'm actually applying for a NEXUS card for easier crossing at both sides of the border. I spoke to a friend of mine who lives here in Philly, but is a native of Nova Scotia. He said he's gone back and forth over the border with this NEXUS and with just passports. He's never had to declare his nickels... he brought a Fed box of nicks to his father who lives outside Halifax. He had no problems at all.
I just might sort them while I'm there. |
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Nickelless
Administrator
USA
5580 Posts |
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specialbob
Penny Sorter Member
USA
56 Posts |
Posted - 04/28/2010 : 17:22:58
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With the Fed keeping the interest rate so low and manipulating the gold and silver markets, I don't honestly see the SHTF for quite sometime. If the dollar collapses so to will much of the value of the Euro (See Spain, Greece and Ireland) and for that matter, the GBP and all currencies pegged to the Yankee greenback. I believe that instead of an abrupt instance of the SHTF like in Argentina (3rd highest inflation in the world), we'll be going through decades of stagflation as Japan has been suffering since around 1990.
With Canada's oil and gold reserves being used over the next 5 years to pay off its debts, the CAN$ will be one of, if not THE, strongest currency in line with the Yuan, another virtually toxic debt free currency. Needless to say, I'm doing what I can with my limited resources to get my hands on CAN$ and on the side, silver from the Royal Canadian Mint to survive and thrive the stagflation. |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 04/28/2010 : 18:50:41
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quote:
Originally posted by specialbob
With the Fed keeping the interest rate so low and manipulating the gold and silver markets, I don't honestly see the SHTF for quite sometime. If the dollar collapses so to will much of the value of the Euro (See Spain, Greece and Ireland) and for that matter, the GBP and all currencies pegged to the Yankee greenback. I believe that instead of an abrupt instance of the SHTF like in Argentina (3rd highest inflation in the world), we'll be going through decades of stagflation as Japan has been suffering since around 1990.
With Canada's oil and gold reserves being used over the next 5 years to pay off its debts, the CAN$ will be one of, if not THE, strongest currency in line with the Yuan, another virtually toxic debt free currency. Needless to say, I'm doing what I can with my limited resources to get my hands on CAN$ and on the side, silver from the Royal Canadian Mint to survive and thrive the stagflation.
I can't believe you'd use "strong" and "currency" in the same sentence. I don't trust paper "money" for a moment. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 04/29/2010 : 00:59:18
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I had a nice vacation to Canada a few years ago and sorted about 4 or 5 hundred dollars worth of nickels. i think I brought back nearly $100 worth of .999 nickels. The sorting was a lot of fun, but I had to do it at night, after the kids were asleep and nothing else 'family' was left to do. It was fun, but not as easy as I thought the sorting would be.
Have fun with it. |
"May your percentages ever increase!" |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 04/29/2010 : 02:22:51
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quote:
Originally posted by specialbob
I'm actually applying for a NEXUS card for easier crossing at both sides of the border. I spoke to a friend of mine who lives here in Philly, but is a native of Nova Scotia. He said he's gone back and forth over the border with this NEXUS and with just passports. He's never had to declare his nickels... he brought a Fed box of nicks to his father who lives outside Halifax. He had no problems at all.
I just might sort them while I'm there.
I've got a Nexus card. Only need that if you travel a lot, and then only for flying or using selected high traffic crossings. If you have Nexus you don't have to carry your passport. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Canadian Border Question
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