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Conference school::sports_memorabilia

Title:Sports Memorabilia
Notice:Wanted: 3.*; For_sale: 4.*; Traded: 5.*
Moderator:SCHOOL::KOPACKO
Created:Wed Aug 27 1986
Last Modified:Thu May 08 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:730
Total number of notes:8547

337.0. "international commerce" by POLAR::FERGUSONR (PROFESSORI) Wed Oct 30 1991 14:23

    
    Frank et all,
    
    Back in 291.34 (Score Hockey), Frank was asking about trading, buying
    and selling cards across the U.S.-Cdn border.
    
    Since I'm fairly heavily involved in it, the first reply to this note
    is intended to answer Frank's questions.
    
    Regards,
    
    R.M.F.
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337.1CDA U.S. dealingsPOLAR::FERGUSONRPROFESSORIWed Oct 30 1991 14:2661

Frank,

In response to your questions on international trading of sports cards;

I've done/am doing several deals with several different individuals in the 
U.S.A. we don't really seem to have any set method.

I.E.

1. A guy is sending me some cards that I purchased from him for less than 
$6.U.S. When they arrive, I will put actual cash (U.S. $)to cover the cards and 
his postage into an envelop and mail it to him. Because the transaction is so 
small,  it doesn't warant getting a money order,etc.

2. Another guy and myself have been trading and buying for each other (depending 
    on which of us can get a better price) for several months. We just run
    a two way tab. so far, neither one of us has sent the other a dime. We 
    run the tab based upon U.S. $, with me converting any Cdn purchases 
    to U.S. $ at 15% exchange.
    We don't charge each other the postage unless it's over a buck.

3. Another is mailing me a card no charge cause it's only worth less than one 
dollar. He'll also eat the postage. I'll simply owe this guy a similar favour.

4. If you really trust someone and it's a purchase from a business down there, 
you can always give him all your VISA card info and let him do it for you.

5. another method I've used is that if someone in the U.S. wants a lot of cards, 
I'll take his list to a local store that I trust, let them pull and price 
everything they have. I inspect it for quality or accuracy of condition, relay 
the price down to the guy in the U.S. and he will then complete the transaction 
with the shop via phone or mail directly. This lets him avoid paying any GST or 
PST. 


I big point to keep in mind is that if you have to send money to the U.S., use 
either a postal money order or a bank draft. either one should be in U.S. Funds.
If you send a cheque in Cdn funds, most U.S. banks treat it like it carries the 
AIDS virus.

If you write a cheque on your Cdn account but in U.S. $, the other guy's bank 
will hit him with a transaction fee of about $5.00 regardless of the value of 
the cheque and so will your bank.

Another point to keep in mind is taxes;

1. A purchase at point of sale will be subject to local taxes. Whereas, dealing 
with the same company via mail order avoids taxes. (remember that GST and PST 
here in Ontario works out to 16.91% on top of the sale price.

2. For a Cdn buying from the U.S., any order at $40. or less CDN, is not subject 
to any Cdn Customs taxation (I.E. GST). Over $40. in value and it is.


Hope this helps you and any others thinking about it.

Regards,

R.M.F.
337.2transportationPOLAR::FERGUSONRPROFESSORIWed Oct 30 1991 14:3119
    
    RE: Trans-border transportation-
    
    1. Do not use inter company mail, especially across the border. It is
    often checked to ensure that it is indeed business related printed
    matter. If it isn't it is often trashed or returned to sender .
    
    2. I recommend plain old Air Mail. If it's ever lost, you'll likely
    never recover the money from the post office, but I've never had
    anthing lost. The plus is that the customs documentation requirements
    are both simple and minimal. Average transit time via mail between the
    N.E. area and Ottawa area is about 8 days.
    
    3. If you use Purolator or UPS you get into customs clearance hassles.
    
    Regards,
    
    R.M.F.
    
337.3KDCA01::CDCUP_HODGSOFri Nov 01 1991 13:445
    
    
    Great info Bob thanks alot

                Frank