CAN/US Citizen Living In Canada: Money Crossing The CAN/US Boarder?

[Backbacon]

Hey folks I was wondering if I could pick your brains and ask for some help and advice. Does anyone know if I would be allowed to bring boxes of US coins back to Canada? If so how much? Any help would be great.

 

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[drbecker]

I believe as log as it is less then $10000 there is no hassle. Over $10000 you have to fill out paperwork and declare it. This is part of the money laundering laws in the US. They may have changed the limits recently but i am not sure.

 

[Backbacon]

I believe as log as it is less then $10000 there is no hassle. Over $10000 you have to fill out paperwork and declare it. This is part of the money laundering laws in the US. They may have changed the limits recently but i am not sure.

Thanks for the info. $10,000 that's awesome news to say the least. I figured it would be way less on an amount.

 

[sagittarius98]

Thanks for the info. $10,000 that's awesome news to say the least. I figured it would be way less on an amount.

Yes, but be wary of cents. The law states that you can't bring more than $5 in cents outside of the border. It's mainly put in place so that copper cents won't get moved to Canada for melting. If you have a sealed box, I think they can tell you are not a hoarder, but a collector.

 

[50cent]

Bring a bunch of coin books with you, and print out a dozen pages of collectable US/Canadian coins, and be sure to explain you are CENT collector #1 if the cops ask

 

[FormerTeller]

I thought there was a restriction on nickels too...

 

[Backbacon]

All nickles? Or just certain years? Say if I bought some at a coin show, would there be a restriction on them if they we're war nickles or something? I don't know anything about this sort of thing

 

[50cent]

All nickles? Or just certain years? Say if I bought some at a coin show, would there be a restriction on them if they we're war nickles or something? I don't know anything about this sort of thing

Bring a bunch of nickel books with you, and print out a dozen pages of collectable US/Canadian nickels, and be sure to explain you are NICKEL collector #1 if the cops ask.

 

[Backbacon]

Thanks for the info and tips people.

 

[sagittarius98]

All nickles? Or just certain years? Say if I bought some at a coin show, would there be a restriction on them if they we're war nickles or something? I don't know anything about this sort of thing

It's for nickels in general, they are worth more in metal content, so the government doesn't want people to melt them and reduce the amount of nickels in circulation.