Place to buy bulk pennies in Canada?

[Guest]

Hey guys, not sure if this is the place to put this but I am from Canada and was wondering if anyone here knows where you can buypennies (bulk)rolls , 5 pound bags or 10 pound bags ect here in Canada?

Thanks

[Maineman750]

Don't know of anything in Canada, but there is a seller here in Pennsylvania.He is a member here.

[Reevster]

Ya I have looked at some sites in the US but they seem to only sell/ ship inside the US, I have not looked at his site yet. Maybe someone can tell me why they don't ship to Canada?

[coincollectingenterprises]

Ya I have looked at some sites in the US but they seem to only sell/ ship inside the US, I have not looked at his site yet. Maybe someone can tell me why they don't ship to Canada?

Almost certainly because of the export laws pertaining to the one-cent coin in the US and Canadian export laws as well. There are numismatic exceptions, but it's really not worth the trouble to get involved in exceptions to laws. It's easier to just avoid any potential issues.

I know I won't ship outside of the United States because of those reasons.


US LAW:

https://www.federalregister.gov/articles/2006/12/20/06-9777/prohibition-on-the-exportation-melting-or-treatment-of-5-cent-and-one-cent-coins#p-25

CANADIAN LAW:

http://laws.justice.gc.ca/eng/acts/C-52/page-2.html#h-8

[liveandievarieties]

Maybe this will help: http://lmgtfy.com/?q=bulk+quantities+of+canadian+cents

[Reevster]

Exceptions.

(a) The prohibition contained in § 82.1 against the exportation of 5-cent coins and one-cent coins of the United States shall not apply to:Show citation box
(1) The exportation in any one shipment of 5-cent coins and one-cent coins having an aggregate face value of not more than $100 that are to be legitimately used as money or for numismatic purposes. Nothing in this paragraph shall be construed to authorize export for the purpose of sale or resale of coins for melting or treatment by any person.
(2) The exportation of 5-cent coins and one-cent coins having an aggregate face value amount of not more than $5 carried on an individual, or in the personal effects of an individual, departing from a place subject to the jurisdiction of the United States.
(b) The prohibition contained in § 82.1 against the treatment of 5-cent coins and one-cent coins shall not apply to the treatment of these coins for educational, amusement, novelty, jewelry, and similar purposes as long as the volumes treated and the nature of the treatment makes it clear that such treatment is not intended as a means by which to profit solely from the value of the metal content of the coins.
(c)(1) The prohibition contained in § 82.1 against exportation, melting, or treatment of 5-cent coins and one-cent coins of the United States shall not apply to coins exported, melted, or treated under a written license issued by the Secretary of the Treasury (or designee).
(2) Applications for licenses should be transmitted to the Director, United States Mint, 801 9th Street, NW., Washington, DC 20220.




I see what you mean.....but I believe if i have read it right is that you can ship 5 cent and 1 cent coins under 100 dollar face value as long as they are not going to be melted down etc.

Anyway thats good to know,

[Reevster]

Yes thanks for the google link liveandievarieties I think ...

I have looked before online for bulk buying online but have not had much success here in Canada , i thought maybe someone here might have a contact in Canada that sells them...

[liveandievarieties]

Yeah, I figured you'd looked. It's just too fun not to post!

[coincollectingenterprises]

Exceptions.



I see what you mean.....but I believe if i have read it right is that you can ship 5 cent and 1 cent coins under 100 dollar face value as long as they are not going to be melted down etc.

Anyway thats good to know,

Yes, you are absolutely correct! However, you're thinking intelligently and too literally. Which is good! But remember, law is about interpretation.

In my opinion, this is simply to cater to allow for enough room to ship individual numismatic coins and not coins to look through and find numismatic coins. I mean, imagine if you could only ship up to $5 face value of numismatic coins and you are needing to ship $10? Then you bug the government over it, waste time, money, etc over such a small amount.

My thoughts are the $100 face value is to create plenty of room for shipping purposes.

And if I shipped $100 face value, then what do I do when you want more? Ship another? But legally, that's me getting around the law by splitting shipments that's clearly $200 and I'm circumventing it by doing two mailings instead of one. On top of that, what is the person doing with the coin that wasn't seen as numismatic that they searched through? Keeping it for bullion value? That'd be the smart thing to do, and violates the law as no longer an exception.

Law is about interpretation. It's not worth the headache or the trouble to try to work around it because, I believe, my explanation for shipping numismatic coins is what the exception is about.

But back to buying bulk..... Canada is a tough place right now for one-cents. US Cents are illegal to export there. Canadian Cents are being eaten alive zombie style by the Royal Canadian Mint. I feel your pain, and wish I could offer you a solution.

Sadly, I just don't have one.

But long post, aside. I'll reiterate and sum up: Do not try to circumvent laws by having a different interpretation of a law to suit your own interests even if your interpretation does, literally, make sense. I know that isn't what you were getting at. But just trying to be helpful and make sure you stay safe!

If a seller in the US is willing to ship bulk US cents out of the country, you probably don't want to get mixed up with that person anyhow.

Chris' solution of Google searching locally in Canada is probably your *only* chance. Oh, and never underestimate the power of a phone call to ask a few coin dealers up your way!

[Reevster]

I see what your getting at...and ya the Canadian penny's that go back to the banks are being destroyed/recycled or what have you so i believe it will raise the price for collectors of the Canadian penny some what. I know there are US penny's going back to the banks with the Canadian penny's , I wonder if they are getting destroyed as well? not sure how all of that will work out.