The U.S./Canada Border Restrictions on Bullion

In 2010, bullion sales surged due to record prices for gold and silver. As of May 2010, the U.S. minted 13,039,500 American Silver Eagle dollars, according to CoinNews.net. Many of these go to Canada. The United States and Canada have few restrictions on bullion trade between their countries.

United States

The United States allows people to bring bullion across the border as long as the coins do not originate from Cuba, Iran, Burma -- or Myanmar -- and most of Sudan, according to Customs and Border Patrol. Also, replicas must denote the country of origin.

Canada

Canada does not restrict the import of gold bullion either, but you must declare your bullion at the border if you have the equivalent of $10,000 Canadian, according to Canada Border Services Agency.

Tip

You do not have to pay North American Free Trade Association, or NAFTA, fees if you bring 99 percent pure bullion across the border, according to the Northwest Territorial Mint.

References

• CoinNews.net: US Mint Sales: Bullion Coins Soar, Quarters Proof Set Ends
• Customs and Border Patrol: Prohibited and Restricted Items
• Canada Border Services Agency: I Declare
• Northwest Territorial Mint: Precious Metals Frequently Asked Questions (FAQ)