Bringing Canadian copper into the US

Forum for discussing any topic related to investing in, collecting and saving US, Canadian, UK, and other Copper Bullion Pennies for their metal content.

Bringing Canadian copper into the US

Postby ed_vantage17 » Thu Jun 23, 2011 8:18 pm

Are there any laws (Can. or US) concerning driving large amounts of Canadian cents into the US? I know anything that has a value of $10,000 USD or more must be declared coming in, but what about amounts under that? How about just a few hundred bucks worth?
Ferengi rule of acquisition #162: Even in the worst of times someone turns a profit.

My realcent feedback.

“Most Americans are getting hammered by high gas prices, yesterday oil hit a record high and politicians cannot do anything about it”. -- Bill O'Reilly April 23, 2008
User avatar
ed_vantage17
Penny Hoarding Member
 
Posts: 524
Joined: Tue Mar 01, 2011 10:24 pm
Location: SE Wisconsin

Re: Bringing Canadian copper into the US

Postby natsb88 » Thu Jun 23, 2011 9:07 pm

You are free and clear to bring cash into the states, it just has to be declared if it's over $10,000. On the old forum there was a photo of one member's pickup truck loaded with 5 gallon buckets of Canadian pennies and nickels he brought back...
User avatar
natsb88
Too Busy Posting to Hoard Anything Else
 
Posts: 8403
Joined: Thu May 01, 2008 3:00 pm
Location: The Copper Cave

Re: Bringing Canadian copper into the US

Postby ed_vantage17 » Thu Jun 23, 2011 9:18 pm

Sweet. I've got a friend who lives in Vancouver. Just gotta talk her into picking up some coin, driving them into Washington state and flat rate shipping those bad boys.
Ferengi rule of acquisition #162: Even in the worst of times someone turns a profit.

My realcent feedback.

“Most Americans are getting hammered by high gas prices, yesterday oil hit a record high and politicians cannot do anything about it”. -- Bill O'Reilly April 23, 2008
User avatar
ed_vantage17
Penny Hoarding Member
 
Posts: 524
Joined: Tue Mar 01, 2011 10:24 pm
Location: SE Wisconsin

Re: Bringing Canadian copper into the US

Postby henrysmedford » Thu Jun 23, 2011 9:31 pm

I have been told that it is OK but I thought I would try asking so I Emailed the Canadian mint and The Department of Justice Canada.
And got back this back from Department of Justice Canada--
Hello,
The Department of Justice Canada cannot assist you. Our mission is to provide legal assistance to the government. To know if you can send coins to the U.S. please contact the Canada Border Services Agency http://www.cbsa-asfc.gc.ca . To know if you can melt them in the US contact the Royal Canadian Mint http://www.mint.ca/


Web Administrator/Administrateur du site Web
Department of Justice / Ministère de la Justice
284 Wellington Street/284 rue Wellington
Ottawa (Ontario) K1A 0H8
webadmin@justice.gc.ca
http://www.canada.justice.gc.ca

So I Emailed Canada Border Services Agency this--
Transporting Canadian coins out of Canada
I live in the US and my son who has autism like to collect coins he has a Canadian set started. I asked a friend if he could buy me some rolls of coins the next time he is a Canada and bring them back. He is worry that it might be not lawful to do so as it is unlawful to take more than $5 US dollars of US 1 cent and 5 cent out. See -- http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=724. The fines on the US side can be stiff " of not more than $10,000, or imprisonment of not more than five years, or both, against a person who knowingly violates the regulations. In addition, by law, any coins exported, melted, or treated in violation of the regulation shall be forfeited to the United States Government".
So is it the same way taking coins out of Canada.

Thanks
Joe Henry

I will post when I hear back! :D
User avatar
henrysmedford
Super Post Hoarder
 
Posts: 3814
Joined: Sun Oct 10, 2010 11:10 am
Location: Cascadia

Re: Bringing Canadian copper into the US

Postby highroller4321 » Fri Jun 24, 2011 9:50 am

henrysmedford wrote:I have been told that it is OK but I thought I would try asking so I Emailed the Canadian mint and The Department of Justice Canada.
And got back this back from Department of Justice Canada--
Hello,
The Department of Justice Canada cannot assist you. Our mission is to provide legal assistance to the government. To know if you can send coins to the U.S. please contact the Canada Border Services Agency http://www.cbsa-asfc.gc.ca . To know if you can melt them in the US contact the Royal Canadian Mint http://www.mint.ca/


Web Administrator/Administrateur du site Web
Department of Justice / Ministère de la Justice
284 Wellington Street/284 rue Wellington
Ottawa (Ontario) K1A 0H8
webadmin@justice.gc.ca
http://www.canada.justice.gc.ca

So I Emailed Canada Border Services Agency this--
Transporting Canadian coins out of Canada
I live in the US and my son who has autism like to collect coins he has a Canadian set started. I asked a friend if he could buy me some rolls of coins the next time he is a Canada and bring them back. He is worry that it might be not lawful to do so as it is unlawful to take more than $5 US dollars of US 1 cent and 5 cent out. See -- http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=724. The fines on the US side can be stiff " of not more than $10,000, or imprisonment of not more than five years, or both, against a person who knowingly violates the regulations. In addition, by law, any coins exported, melted, or treated in violation of the regulation shall be forfeited to the United States Government".
So is it the same way taking coins out of Canada.

Thanks
Joe Henry

I will post when I hear back! :D



I doubt you here back.....




As long as you declare its $10,000 there are no laws against it. You might get tied up at the border for alittle bit because its unusal but they can't really do anything to you.
highroller4321
Realcent Moderator
 
Posts: 7214
Joined: Sat Oct 25, 2008 10:00 am
Location: Portland,Oregon

Re: Bringing Canadian copper into the US

Postby henrysmedford » Fri Jun 24, 2011 10:53 pm

highroller4321 wrote:

I doubt you here back.....




As long as you declare its $10,000 there are no laws against it. You might get tied up at the border for alittle bit because its unusal but they can't really do anything to you.

And in less than 24 hours i got an answer
RE: Transporting Canadian coins out of Canada **8553**
X
Reply
CBSA-ASFC_CONTACT to jkft
show details 1:08 PM (7 hours ago)
The Canada Border Services Agency (CBSA) appreciates your interest in ensuring that you meet the Cross Border Currency Reporting requirements upon exiting Canada. As you may be aware, the CBSA is responsible for the administration and enforcement of Part II of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Part II requires the reporting of currency or monetary instruments in the actual possession of a person arriving in or departing from Canada. Each traveller is responsible for his or her own declaration.

There are no restrictions on the amount of currency or monetary instruments that you can bring into or take out of Canada, nor is it illegal to do so. However, you have to report to the CBSA amounts equal to or greater than CAN$10,000 or its equivalent in foreign currency. If you require further information on the CBSA’s Cross Border Currency Reporting Program, please visit our Web site at
http://www.cbsa-asfc.gc.ca/security-sec ... u-eng.html

For information regarding the importation of coins into the United States, we suggest that you contact U.S. Customs and Border Protection for assistance with this matter at http://www.cbp.gov ,
or 1-703-526-4200.

We trust that this information is useful to you. Thank you for contacting the Canada Border Services Agency.
User avatar
henrysmedford
Super Post Hoarder
 
Posts: 3814
Joined: Sun Oct 10, 2010 11:10 am
Location: Cascadia

Re: Bringing Canadian copper into the US

Postby shinnosuke » Sat Jun 25, 2011 11:56 am

Must be nice to be Canada. Only have one border, and that's shared with the greatest country on the planet. :D
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
User avatar
shinnosuke
Super Post Hoarder
 
Posts: 3720
Joined: Mon Feb 14, 2011 7:10 pm
Location: Texas

Re: Bringing Canadian copper into the US

Postby pennypicker » Sat Jun 25, 2011 1:07 pm

shinnosuke wrote:Must be nice to be Canada. Only have one border, and that's shared with the greatest country on the planet. :D

Well said and my thoughts exactly.
"If I had to pick one player to take the last shot to win the game I would pick Michael Jordan...if I had to pick one player to take the last shot to save my life I would pick Larry Bird"--PAT RILEY, L.A. Lakers Head Coach

"I'd rather play against Michael Jordan than Larry Bird...Jordan made you look bad but Bird made you look stupid!"--JAMES WORTHLY, Laker Hall-of-Famer
User avatar
pennypicker
1000+ Penny Miser Member
 
Posts: 1274
Joined: Sat Nov 27, 2010 11:34 pm
Location: Victorville, CA 92395

Re: Bringing Canadian copper into the US

Postby ed_vantage17 » Sat Jun 25, 2011 3:22 pm

Don't forget the legalized medical marijuana, nationalized healthcare, and nationally recognized gay marriage. We could learn a few things from our friendly neighbors to the north.
Ferengi rule of acquisition #162: Even in the worst of times someone turns a profit.

My realcent feedback.

“Most Americans are getting hammered by high gas prices, yesterday oil hit a record high and politicians cannot do anything about it”. -- Bill O'Reilly April 23, 2008
User avatar
ed_vantage17
Penny Hoarding Member
 
Posts: 524
Joined: Tue Mar 01, 2011 10:24 pm
Location: SE Wisconsin

Re: Bringing Canadian copper into the US

Postby knibloe » Sun Jun 26, 2011 6:12 pm

ed_vantage17 wrote:Don't forget the legalized medical marijuana, nationalized healthcare, and nationally recognized gay marriage. We could learn a few things from our friendly neighbors to the north.



I assume that you mean we could learn a few things not to do here.
knibloe
Post Hoarder
 
Posts: 2551
Joined: Fri Mar 14, 2008 7:00 am
Location: Western, NY

Re: Bringing Canadian copper into the US

Postby Coppercrazy » Sun Jun 26, 2011 6:53 pm

uh no I think he means otherwise. lets just talk pennies though.
Coppercrazy
Penny Pincher Member
 
Posts: 193
Joined: Tue Nov 16, 2010 9:37 pm

Re: Bringing Canadian copper into the US

Postby ed_vantage17 » Sun Jun 26, 2011 9:28 pm

Coppercrazy wrote:uh no I think he means otherwise. lets just talk pennies though.


Yeah, I'm a crazy liberal. However that I realize that is NOT the focus of this forum and I'll (mostly) keep my commie, pink-o, radical, left-wing craziness to my self. I'm still a copper reclamation specialist, just like you guys. I just want to make a profit off this thing while I can like any red blooded capitalist, liberal or otherwise.
Ferengi rule of acquisition #162: Even in the worst of times someone turns a profit.

My realcent feedback.

“Most Americans are getting hammered by high gas prices, yesterday oil hit a record high and politicians cannot do anything about it”. -- Bill O'Reilly April 23, 2008
User avatar
ed_vantage17
Penny Hoarding Member
 
Posts: 524
Joined: Tue Mar 01, 2011 10:24 pm
Location: SE Wisconsin

Re: Bringing Canadian copper into the US

Postby TXBullion » Sun Jun 26, 2011 9:39 pm

ed_vantage17 wrote:
Coppercrazy wrote:uh no I think he means otherwise. lets just talk pennies though.


Yeah, I'm a crazy liberal. However that I realize that is NOT the focus of this forum and I'll (mostly) keep my commie, pink-o, radical, left-wing craziness to my self. I'm still a copper reclamation specialist, just like you guys. I just want to make a profit off this thing while I can like any red blooded capitalist, liberal or otherwise.


I like this one. I didnt know we had job titles so Im happy about that
User avatar
TXBullion
Too Busy Posting to Hoard Anything Else
 
Posts: 4779
Joined: Fri Apr 09, 2010 3:00 pm

Re: Bringing Canadian copper into the US

Postby Crescendo » Wed Jun 29, 2011 2:01 pm

Is the question really about bringing into the US or the melt laws?

I do recall reading a US law discussing that you can be prosecuted for selling melted down metals of the same likeness composition as the us penny.
Crescendo
Penny Sorter Member
 
Posts: 76
Joined: Fri Jan 28, 2011 11:28 am

Re: Bringing Canadian copper into the US

Postby Cerulean » Wed Jun 29, 2011 2:26 pm

ed_vantage17 wrote:Don't forget the legalized medical marijuana, nationalized healthcare, and nationally recognized gay marriage. We could learn a few things from our friendly neighbors to the north.

You're not the only non-conservative here. I'm a long way from calling myself a Republican (or a Democrat, either).
Listening is the linchpin of democracy.
User avatar
Cerulean
1000+ Penny Miser Member
 
Posts: 1096
Joined: Wed Oct 18, 2006 3:00 pm
Location: Washington DC

Re: Bringing Canadian copper into the US

Postby NHsorter » Wed Jun 29, 2011 3:28 pm

Ed,

I am really poor because of countless bad decisions and improper parenting. Could you please spread the wealth and send me a portion of your copper and silver? If not, I will use the full force of my quasi government agencies to procure this wealth from you. In the future, I implore you to please work even harder so that I can have more of your stuff.

OK, sorry everyone, had to do it.

Sadly, on 2 out of Eds 3 "likes" about Canada, I agree with him. I must confess that I am a cooky Libertarian (leaning conservative). I love the USA, but I hate big government taking my money or telling me or anyone else what to do. My life would be complete if Ron Paul was somehow elected to run this mess.
“They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety” Benjamin Franklin
User avatar
NHsorter
Super Post Hoarder
 
Posts: 3301
Joined: Mon May 09, 2011 10:39 am
Location: Live Free or Die

Re: Bringing Canadian copper into the US

Postby abc » Wed Jun 29, 2011 4:38 pm

I live on the border Upstate NY, and used to travel to Canada (montreal) 3+ days a week. I have never had a problem bring back boxes of nickels or pennies. They might look at you funny and ask a few extra questions but its no problem and no laws are being broken.
abc
Penny Pincher Member
 
Posts: 249
Joined: Sat Sep 11, 2010 4:55 pm

Re: Bringing Canadian copper into the US

Postby JadeDragon » Thu Jun 30, 2011 2:25 am

Nice official confirmation that moving Canadian coins south is perfectly legal. I've done it plenty, its totally legal and no one cares. Only the Americans have silly laws restricting the flow of pocket change.
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.
User avatar
JadeDragon
Realcent Moderator
 
Posts: 5434
Joined: Mon May 19, 2008 3:00 pm
Location: Canada

Re: Bringing Canadian copper into the US

Postby blackrabbit » Sun Oct 27, 2013 4:46 am

For NHsorter and others who espouse similar views:

I run a sweet gangster type organization. We make so much money we have bought all the politicians. They have enacted laws that favor our organization over any competition that might arise to the various businesses we run. Also we are awarded no bid and other insider government contracts which we get to sell items like toilet seats worth about 5 bucks for 500. If you tax us or try to appropriate our wealth you will be branded a socialist/communist pinko. We have enough money to hire public relations firms, academics, and media organizations to make people think they are communists if they oppose us. We use the same means to divide and conquer the general population getting them to attack the powerless instead of directing their ire towards us. We are above the law. Big government? We control big government! Life is good!
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
User avatar
blackrabbit
Post Hoarder
 
Posts: 2360
Joined: Tue Aug 17, 2010 3:00 pm
Location: Colorado

Re: Bringing Canadian copper into the US

Postby RichardPenny43 » Sun Oct 27, 2013 11:45 pm

Great post blackrabbit.
Way to dig up an old thread, I thought ed_vantage17 was back for a moment.
User avatar
RichardPenny43
1000+ Penny Miser Member
 
Posts: 1873
Joined: Tue Jul 19, 2011 12:26 am
Location: Land of Lincoln


Return to Copper Penny Bullion Investing

Who is online

Users browsing this forum: No registered users and 4 guests