[euix]

I have heard of someone (on a talk show) crossing over with a large amount of gold coins. Since the coins (the Gold Loonie) has a nominal face value of something like 200 CAD - he just told the customs that he was bringing over the nominal face value of the coins. This only works with coins not rounds, as rounds are not legal tender and maybe that is why rounds trade at a discount to coins?

[version_five]

I'm virtually certain that is illegal. Usually the rules are about currency or negotiable instruments or whatever and gold would count. Deceiving custom officials is not the same as legally bringing something across the border.