Coin collection
Posted date : Jul 16, 2024.
I have been asked to bring a coin collection home to my niece as her father has passed and she does not go to the states. I have a Nexus card and I’m not interested in putting it in jeopardy. Can I bring it back with me. My concern is that I have no idea what it is worth?
Rod Edwards
Alliston, ON
Ed.: It is important to determine the value of the coin collection prior to crossing the border, as entering Canada with currency or monetary instruments valued at $10,000 CAD or more needs to be reported. There is no penalty for transporting money over the border but, if it is over $10,000 CAD, it has to be declared and you cannot use the NEXUS lanes when you cross the border. Find a coin dealer and get a letter of appraisal before you travel.
