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Buying bullion from Canada to save on tax?

TurboSnailTurboSnail Posts: 1,569 ✭✭✭✭✭

I see some bullion dealers in Canada that would ship to US. Shipping is like $15 for under $300 and free after. ;)

Comments

  • coinpalicecoinpalice Posts: 2,001 ✭✭✭✭✭

    I believe Canada has to charge state tax , the royal Canadian mint charged me sales tax on my last order

  • TurboSnailTurboSnail Posts: 1,569 ✭✭✭✭✭
    edited October 22, 2019 10:47PM

    @coinpalice said:
    I believe Canada has to charge state tax , the royal Canadian mint charged me sales tax on my last order

    Canadian mint had been charging me taxes long before ebay did. But I doubt these private companies would do same.

    Anyhow lets assume if one buys from out of the state such as HK https://www.lpm.hk/ with tax free and free or less than tax shipping fee .

    3 X 2020 10 oz Great Britain The Queen’s Beasts - The Falcon of the Plantagenets it would cost $613.08 plus Fedex International $28.51. But in the US it would cost at least $50-$60 in tax.

  • 3stars3stars Posts: 1,173 ✭✭✭✭

    Have a friend in a non tax state buy for you and have them ship. You can load up a medium flat rate box with a lot of weight for about $15

    Previous transactions: Wondercoin, goldman86
  • BaleyBaley Posts: 21,900 ✭✭✭✭✭

    Kind of like driving over to the next county to save 4 cents a gallon on gas?

    Liberty: Parent of Science & Industry

  • OPAOPA Posts: 16,157 ✭✭✭✭✭

    @Baley said:
    Kind of like driving over to the next county to save 4 cents a gallon on gas?

    Perth Mint and UK's Royal Mint does not charge a sales tax for US buyers. (whats the cost of flight?)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Jinx86Jinx86 Posts: 3,556 ✭✭✭✭✭

    Travel to ND, no tax on PM or rare coins.

  • dontippetdontippet Posts: 2,117 ✭✭✭

    eBay is even taxing precious metals? I didn't think silver was taxable with sales tax?

    See my current ebay items at https://ebay.com/sch/i.html?_nkw=&_in_kw=1&_ex_kw=&_sacat=0&_udlo=&_udhi=&_ftrt=901&_ftrv=1&_sabdlo=&_sabdhi=&_samilow=&_samihi=&_sadis=15&_stpos=61611&_sargn=-1%26saslc%3D1&_salic=1&_fss=1&_fsradio=%26LH_SpecificSeller%3D1&_saslop=1&_sasl=mygirlsthree3&_sop=12&_dmd=1&_ipg=50&_fosrp=1

    Successful transactions on the BST boards with rtimmer, coincoins, gerard, tincup, tjm965, MMR, mission16, dirtygoldman, AUandAG, deadmunny, thedutymon, leadoff4, Kid4HOF03, BRI2327, colebear, mcholke, rpcolettrane, rockdjrw, publius, quik, kalinefan, Allen, JackWESQ, CON40, Griffeyfan2430, blue227, Tiggs2012, ndleo, CDsNuts, ve3rules, doh, MurphDawg, tennessebanker, and gene1978.
  • MsMorrisineMsMorrisine Posts: 23,889 ✭✭✭✭✭

    depends upon state laws

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • TurboSnailTurboSnail Posts: 1,569 ✭✭✭✭✭
    edited October 29, 2019 11:42PM

    @OPA said:

    @Baley said:
    Kind of like driving over to the next county to save 4 cents a gallon on gas?

    Perth Mint and UK's Royal Mint does not charge a sales tax for US buyers. (whats the cost of flight?)

    Royal mint / International Delivery £12.50 or $16.08usd
    Perth Mint / Free Shipping Worldwide on all orders over $400 excluded certain bullion. But it normally charges around $24 unless you are buying more than a kilo.

    Unless you live in a tax free state, the magic numbers are somewhere between $300-$999 in NY or $300- $1499 in Cali due to tax exempt if any, after certain amount.

    Paying average of $20-$25 shipping fee around the world vs free shipping that comes with state tax ...... >:)

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