Hi everyone:
I called Canada Border Services Agency twice with the same question about how to value our gold coins in the B4 document and got two different answers
I informed the officer that I had a few 1 oz Maple Leaf gold coins. On the coin it says its value is $50, do I write $50 in the B4 form for value or $1300, which is the price of 1 oz of Gold currently?
The first officer said you have to write the value that it says on the coin, it does not matter if it is made of gold, silver or zinc... He mentioned many coins are worth more or less than the metal that goes into making them, but we take the value that is written on them.
For example, he said that the 1 cent US coin is actually worth 1.8 cents in Copper, but no one values it at 1.8 cents, just what was written on it. He also said there are laws against melting the 1 cent coin to sell the metal.
Confused, after 10 minutes I decided to call the agency again and verify the answer by speaking to another agent... well this time I was told to put the value of 1 oz of gold at present time, which is $1300
I am going with the second officer, but has anyone who has settled run into this problem? What did you decide to do?
Thanks,
Cam