@Cameonut said:
To try to lighten the discussion.....
As a kid in 1967, my family and a neighbors family decided to take a fishing trip from Wisconsin (God's country) to western Ontario (God's country).
Entry to Canada at that time was simple - they didn't really ask any questions at the Grand Portage, MN crossing other than to declare our 3hp outboard motor. They clearly wanted the tourist $$$.
The return trip was eventful. US Customs asked us a ton of questions, including "did you buy any gold"? For us, the answer was no, and I couldn't even imagine where we could have purchased any. However, our neighbor - who was following us, when asked the same question, responded in a joking fashion, that they purchased "a couple of pounds of gold"..... Well, you don't mess with US Customs and they tore his car apart looking for it. Of course, they didn't find anything. I did buy a 1967 centennial set - the one with no gold - and we declared it.
Meanwhile, not knowing about the delay, proceeded to our accommodations at the Holiday Inn- Duluth MN and the neighbors arrived about 5 hours later. We were quite rested with a nice swim in the pool (Lake Superior is too cold to swim in) and a nice dinner.
Moral to the story, "don't mess with US Customs)
I grew up in Detroit, and in 1967 there were always multiple 1967 Centennial sets WITH the gold at coin shows in Detroit and the ‘burbs. Think they were selling for around $40. So, I am not surprised that the border patrol on the U.S. side was on the lookout for them.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
A 25% tariff on a maple leaf or other country’s minted gold would still be 5 % cheaper than the U.S. Mint’s 30% mark-up on our eagles and buffaloes. So it’s a wash, no matter. Premiums are here to stay.
@TwoSides2aCoin said:
A 25% tariff on a maple leaf or other country’s minted gold would still be 5 % cheaper than the U.S. Mint’s 30% mark-up on our eagles and buffaloes. So it’s a wash, no matter. Premiums are here to stay.
While you're kidding, there is no 30% markup on bullion eagles or Buffaloes. And you might want to check out the premium on numismatic gold from Canada. They are over $4000 for 1 oz with no tariff or VAT.
@sellitstore said:
Must be. USD prices are just over $3100 now according to a search just done.
No. It is US $4000. I'm talking their numismatic gold not their bullion. US bullion doesn't have a huge premium either. Eagles are also in the $3100 range.
Aren’t there plenty of items from these countries that are already in the US that would be exempt from these tariffs as they are bought and sold?, are we really just talking about 2026 stuff or am i way off base here??
@Cameonut said:
I forgot to mention that in 1967 US citizens were not allowed to own gold.
I know you are just making a general comment, but let me remind all of us that the 1933 prohibition on US citizens holding gold pertained to large amounts of gold. US citizens were still able to legally hold $100 in face value of gold coins (ie, the equivalent of five $20 gold pieces). They likewise were able to own rare and collectable gold coins, as well as gold jewelry.
Putting politics aside, I think the OP raises a good question. If you buy a coin today on Ebay, and if the coin ships from Canada, Australia or some other country, will US customs hold the coin at a US port of entry until the buyer pays a tariff surcharge? I don't know the answer. I guess we'll have to wait and see until such buyers post their experiences.
Detailed in an official fact sheet released on April 2, 2025, gold is explicitly spared from the duties under an exemption for bullion; silver, platinum, and palladium are likely included, pending further confirmation, though they are not individually named.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Interesting, Thank you for posting. The White House statement says that "bullion" will not be subject to the reciprocal tariff. I guess we all hope that "bullion" includes rare coins.
@PerryHall said:
Here we go again. Another political thread disguised as a coin thread.
Yup, here we go again. I am guessing that @PerryHall is locked and loaded. Full blown prepper. No one can touch me. Half a brain would know better. So silly you types are.
@jmlanzaf
I am a little surprised of what you wrote. You always like a good discussion. Some nice transactions from me to you. And even short notice concert invite. Great seats, I got Quinn splatter and I was enrolled and matriculated
And I did attend the University
@PerryHall said:
Here we go again. Another political thread disguised as a coin thread.
Yup, here we go again. I am guessing that @PerryHall is locked and loaded. Full blown prepper. No one can touch me. Half a brain would know better. So silly you types are.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@Cameonut said:
To try to lighten the discussion.....
As a kid in 1967, my family and a neighbors family decided to take a fishing trip from Wisconsin (God's country) to western Ontario (God's country).
Entry to Canada at that time was simple - they didn't really ask any questions at the Grand Portage, MN crossing other than to declare our 3hp outboard motor. They clearly wanted the tourist $$$.
The return trip was eventful. US Customs asked us a ton of questions, including "did you buy any gold"? For us, the answer was no, and I couldn't even imagine where we could have purchased any. However, our neighbor - who was following us, when asked the same question, responded in a joking fashion, that they purchased "a couple of pounds of gold"..... Well, you don't mess with US Customs and they tore his car apart looking for it. Of course, they didn't find anything. I did buy a 1967 centennial set - the one with no gold - and we declared it.
Meanwhile, not knowing about the delay, proceeded to our accommodations at the Holiday Inn- Duluth MN and the neighbors arrived about 5 hours later. We were quite rested with a nice swim in the pool (Lake Superior is too cold to swim in) and a nice dinner.
Moral to the story, "don't mess with US Customs)
Nice redirect.
Great story and very true about not messing with customs. I knew of a guy who looked a little too hippyish in the late 1960s and even without a joshing reference to contraband (although he probably had an attitude) they literally took his car apart. And they don't have to put it back together for you when they're done.
I had a car search done by Canadian customs when crossing from the U.S. to Canada enroute to a coin shop in Brockville, ON with $2,000 worth of Canadian coins to sell or trade. When asked if I was bringing anything into the country I declared the coins - then they asked me to pull over to the customs building. They gave me a receipt for the coins, took them away and then proceeded to do a quite thorough search which lasted about a half-hour.
When the dust settled the car wasn't torn apart and they returned the coins, welcomed me to Canada and sent me on my way. Ironically, one of the customs officials asked me if I could give him some advice on how to sell some old coins that he had inherited from his father.
The moral of the story is don't mess with any customs officials anywhere - and I don't come close to resembling a hippy....
This is what you do. Grab all the gold you own and cross the border and then cross back a few days later. You should have your answer really quick. Now it is possible that you might need a lawyer to get you out of jail too. Then, you may never get your question answered, just sayin
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
@TwoSides2aCoin said:
A 25% tariff on a maple leaf or other country’s minted gold would still be 5 % cheaper than the U.S. Mint’s 30% mark-up on our eagles and buffaloes. So it’s a wash, no matter. Premiums are here to stay.
While you're kidding, there is no 30% markup on bullion eagles or Buffaloes. And you might want to check out the premium on numismatic gold from Canada. They are over $4000 for 1 oz with no tariff or VAT.
and if something happens, and there is a lawsuit... how will that be litigated
@Colonialcoin said:
This morning I received an email from a European auction house that offered clients the opportunity for the auction house to store and insure our items until the tariff nonsense is resolved. Too bad that the little puppet has zero idea how tariffs work. We just need to ride out the storm.
In the jewelry business (not the high-end custom stuff and not the mall junk either), there are double-keystone and (more commonly) triple-keystone.
This means it sells for 2x or 3x the wholesale price. Thus, when they give you a 25% discount, they're still making money. Which is fair; running a store is not for the faint of heart.
-----Burton ANA 50 year/Life Member (now "Emeritus")
@fox9487 said: @jmlanzaf
I am a little surprised of what you wrote. You always like a good discussion. Some nice transactions from me to you. And even short notice concert invite. Great seats, I got Quinn splatter and I was enrolled and matriculated
And I did attend the University
@TwoSides2aCoin said:
A 25% tariff on a maple leaf or other country’s minted gold would still be 5 % cheaper than the U.S. Mint’s 30% mark-up on our eagles and buffaloes. So it’s a wash, no matter. Premiums are here to stay.
While you're kidding, there is no 30% markup on bullion eagles or Buffaloes. And you might want to check out the premium on numismatic gold from Canada. They are over $4000 for 1 oz with no tariff or VAT.
This is not a 30% mark up ?
That is not bullion. By their definition, the US Mint does not directly sell "bullion". They only distribute bullion thrift the ADs.
The coins you posted are considered "numismatic". You will find the same 30% markup at every major Mint in the world for such "numismatic" coins. That was my point. You can't compare the mark up on bullion maple leafs to proof eagles. Proof maple leafs are also $4000 USD.
Comments
I grew up in Detroit, and in 1967 there were always multiple 1967 Centennial sets WITH the gold at coin shows in Detroit and the ‘burbs. Think they were selling for around $40. So, I am not surprised that the border patrol on the U.S. side was on the lookout for them.
A 25% tariff on a maple leaf or other country’s minted gold would still be 5 % cheaper than the U.S. Mint’s 30% mark-up on our eagles and buffaloes.
So it’s a wash, no matter. Premiums are here to stay.
While you're kidding, there is no 30% markup on bullion eagles or Buffaloes. And you might want to check out the premium on numismatic gold from Canada. They are over $4000 for 1 oz with no tariff or VAT.
C$4000 ?
Must be. USD prices are just over $3100 now according to a search just done.
US $4000 for NUMISMATIC 1 oz gold. Bullion maple leafs and bullion Eagles sell for similar prices.
No. It is US $4000. I'm talking their numismatic gold not their bullion. US bullion doesn't have a huge premium either. Eagles are also in the $3100 range.
No problem, White House Exempts gold and probably other PMs from tariffs:
https://www.greysheet.com/news/story/white-house-exempts-gold-from-reciprocal-tariffs-silver-platinum-and-palladium-likely-included-offering-relief-for-numismatic-and-bullion-markets?
Aren’t there plenty of items from these countries that are already in the US that would be exempt from these tariffs as they are bought and sold?, are we really just talking about 2026 stuff or am i way off base here??
Geez, this is a bullion thread. Wonder what forum this is?
"Got a flaming heart, can't get my fill"
I know you are just making a general comment, but let me remind all of us that the 1933 prohibition on US citizens holding gold pertained to large amounts of gold. US citizens were still able to legally hold $100 in face value of gold coins (ie, the equivalent of five $20 gold pieces). They likewise were able to own rare and collectable gold coins, as well as gold jewelry.
Putting politics aside, I think the OP raises a good question. If you buy a coin today on Ebay, and if the coin ships from Canada, Australia or some other country, will US customs hold the coin at a US port of entry until the buyer pays a tariff surcharge? I don't know the answer. I guess we'll have to wait and see until such buyers post their experiences.
Detailed in an official fact sheet released on April 2, 2025, gold is explicitly spared from the duties under an exemption for bullion; silver, platinum, and palladium are likely included, pending further confirmation, though they are not individually named.
Thank you.
Interesting, Thank you for posting. The White House statement says that "bullion" will not be subject to the reciprocal tariff. I guess we all hope that "bullion" includes rare coins.
Yup, here we go again. I am guessing that @PerryHall is locked and loaded. Full blown prepper. No one can touch me. Half a brain would know better. So silly you types are.
and @jwitten should know better.
@jmlanzaf
I am a little surprised of what you wrote. You always like a good discussion. Some nice transactions from me to you. And even short notice concert invite. Great seats, I got Quinn splatter and I was enrolled and matriculated
And I did attend the University
LMAO . Hey, you really even don't know what is even going on.
You couldn't be more wrong.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I had a car search done by Canadian customs when crossing from the U.S. to Canada enroute to a coin shop in Brockville, ON with $2,000 worth of Canadian coins to sell or trade. When asked if I was bringing anything into the country I declared the coins - then they asked me to pull over to the customs building. They gave me a receipt for the coins, took them away and then proceeded to do a quite thorough search which lasted about a half-hour.
When the dust settled the car wasn't torn apart and they returned the coins, welcomed me to Canada and sent me on my way. Ironically, one of the customs officials asked me if I could give him some advice on how to sell some old coins that he had inherited from his father.
The moral of the story is don't mess with any customs officials anywhere - and I don't come close to resembling a hippy....
This is what you do. Grab all the gold you own and cross the border and then cross back a few days later. You should have your answer really quick. Now it is possible that you might need a lawyer to get you out of jail too. Then, you may never get your question answered, just sayin
USN & USAF retired 1971-1993
Successful Transactions with more than 100 Members
This is not a 30% mark up ?
If y gonna make it in the biz at least a 28 pct markup. Have done the math.
and if something happens, and there is a lawsuit... how will that be litigated
I don’t worry about what if’s.
In the jewelry business (not the high-end custom stuff and not the mall junk either), there are double-keystone and (more commonly) triple-keystone.
This means it sells for 2x or 3x the wholesale price. Thus, when they give you a 25% discount, they're still making money. Which is fair; running a store is not for the faint of heart.
ANA 50 year/Life Member (now "Emeritus")
What did I write that was surprising?
That is not bullion. By their definition, the US Mint does not directly sell "bullion". They only distribute bullion thrift the ADs.
The coins you posted are considered "numismatic". You will find the same 30% markup at every major Mint in the world for such "numismatic" coins. That was my point. You can't compare the mark up on bullion maple leafs to proof eagles. Proof maple leafs are also $4000 USD.