I Tried Bringing A Bunch Of GOLD COINS Across the US Canada Border: Then THIS Happened!

[Goldhedge]

I Tried Bringing A Bunch Of GOLD COINS Across the US Canada Border: Then THIS Happened!​

Nov 12, 2022 U.S. CUSTOMS AND BORDER PROTECTION - ALEXANDRIA BAY PORT OF ENTRY

What happens when you try to bring gold coins across the US Canada border? I tried to bring a bunch of Canadian Gold Maple Leaf coins over the border from Canada into the US. Will the customs agents at the US border seize my gold coins? How much cash or gold can you bring across the US Canada border? What forms do you have to fill out when you cross the the border? There are a lot of stories of police and customs seizing people's cash or gold even though they declare it because the agents think the property is the result of a crime like money laundering or tax evasion even though they have no evidence. You then have to hire a lawyer and try to get back your property. You may or may not get back your money. So if you risk losing your cash and gold even if you do declare it, should you try to smuggle it in without declaring it?

I explain the limits on cash and gold you can bring across the US Canada border, what forms you need to fill out, and what are the penalties for not filling out the forms.

The limits for bringing cash into or out of the US is $10,000 USD. You can bring more than that, but if you do, you need to file a FinCEN Form 105 and give it to the customs agents.

The limits for bringing cash into or out of the Canada is $10,000 CAD. You can bring more than that, but if you do, you need to file a CBP Form E677 and give it to the customs agents.

The rules for bringing gold coins and bullion are much different though. Watch to see what happens to me when I try to bring much more than $10,000 worth of 1 ounce gold Canadian Maple Leaf coins.

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comment below video:

@TeamWho-s4n​

7 months ago
I wanted to share my recent experience bringing precious metals into the US from Canada. When the agent asked if I had anything to declare, I said I was taking a mix of gold and silver coins and bars. He asked for the approximate value and I was referred to secondary inspection. An agent reviewed with me the different types of coins and bars, making note of the face values.

The bottom line was that eagles and maple leafs ARE considered a monetary instrument but they only considered the nominal values on the coins, not the current value of the metals. So $50 USD per gold eagle and $50 CAD for the gold maples. Since I had less than 10K USD in nominal value, I did not need to fill out the FinCen form 105. The silver and gold bars were considered bullion and thus NOT a monetary instrument.

The only thing the agent had to confirm is if there was duty or taxes payable on importing the metals. After confirming, that there wasn't any duty I was cleared to leave without having to fill out any form or paying anything. I did spend over an hour and that wasn't much fun but everything was good in the end.