I am planning a trip to Canada next summer. While I am there I would like to buy a few of the 1/10th Troy ounce Canadian Maple leafs. Do any of you Canadians know what it takes to buy them from a Bank? Is it just larger banks that sell them or do most banks sell them? A ring making friend of mine tells me the Canadian Maple Leafs are some of the easiest to work with when making rings etc. Do any of you Gold workers have an opinion on that?
DL
Of course! They're within 1/10,000th of being pure gold, soft as hell. Wouldn't you want to alloy them with something for jewelry? And why buy a carefully crafted coin? Why not just buy bullion?
The price actually isn't that bad if you really want soft 24kt 0.9999 gold- less than 10% above the spot gold price (and tax-free). It would be nice to be able to buy other metals anywhere near that cheap, in any form,
The premium you pay for the coins is not that much higher than the spot price on bullion . Most brokers I have dealt with will not sell bullion in less than one troy ounce. If you have smaller projects that don't need a full oz you are stuck with a piece of gold that you cannot sell at spot price. Coins eliminate that problem. I may not even buy them in Canada anyway because of the rules and regulations for U.S. citizens. But I will be checking into it. Some antique ivory sure would be nice too. My project is something that will not be handled so wear is not a consideration. Thanks for the info to the links. DL
Better check on the ivory thing with your customs - my sister inherited a piano and left it up here in the Great White North partly because the ivory keys made it impossible/a hassle to get across the border.
Sphero:
That's a pretty good bullion price, but even so, you can do better. I've bought gold bullion coins for years to alloy for jewelry, because with some careful shopping, I can usually get under 2% over spot gold for coins which, themselves, have some premium value at most dealers, over bullion. (So if I need to sell some once in a while, the coins are much easier to sell than bullion) For instance, one of my regular sources right now is offering 10 1 ounce Krugerrands for $1.50 over spot gold, delivered. The only way to beat that is to buy in multi-kilo quantities from the refiners.
Since I am alloying it down anyway, I just take the copper content in the Rands into account when figuring the alloy ratios.
For just a very small amount, one ounce or less, it may make sense for the original poster to buy a fractional coin, even though he is going to pay a fair premium for it, if he doesn't need more gold than that.
Regards,
Bob
Gunluvver2 wrote: Some antique
Here is some
My wife the banker sez: any branch of the "big 5" banks (Royal, CIBC, TD, BMO, Scotia)can order gold coins for you. Decision to keep them in stock is up to the branch management, so it's a bit hit or miss.
You can also call the mint in Ottawa and have them delivered to a bank branch of your choice for pickup.
Chris
Do you know what restrictions there are for U.S. citizens buying Gold in Canada? TIA DL
Restrictions?? What are restrictions? Americans can buy anything in Canada, from Apples to Viagra.
snipped-for-privacy@snyder.on.ca wrote in news: snipped-for-privacy@4ax.com:
They can buy anything they want, but there are definitely restrictions on what they can bring back across the border (Cuban cigars, food/dairy products, etc).
I haven't crossed that border since before 9/11. Since it's money you should only have problems if you are talking about a lot. IIRC US Customs has some rule that kicks in around $10K. Check the US Customs WEB site or call an airline. Back when I was crossing several times a month I would have several hundred US and Canadian. I kept a couple of small freezer bags in my briefcase and swapped currencies in my pockets while I waited for my flight across the border. Other than the Customs declaration form nobody ever asked. One thing I learned was to get my paperwork straight before I left for the airport. In fact the fastest way to clear the border was to get behind someone who didn't have the proper paper; the agent just glanced at mine and waved me through 8o). I also wore a nylon belt and put everything from my pockets into my briefcase so I didn't often trip the metal detectors. I did notice that if I brushed the post or kept my arms tight against my body I would trip the detector.
Isnt prostitution legal up there as well? Or am I thinking of Oz...
if so..make that "from apples to vagina"
Gunner
"In my humble opinion, the petty carping levied against Bush by the Democrats proves again, it is better to have your eye plucked out by an eagle than to be nibbled to death by ducks." - Norman Liebmann
AFAIK prostitution per se is legal, but solicitation, running a bawdy house, and living off the avails (viz. pimping) are.
"The state has no place in the bedrooms of the nation."
-- P.E. Trudeau 1967
Best regards, Spehro Pefhany
^^^^^ Grrr.. are not
Best regards, Spehro Pefhany
From the Royal Canadian Mint website
Don't guess they have a problem with you buying. Don't know what US Customs might think about bringing it back across the border.
Chris
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