About HS Code 711810
This HS code specifically covers coins that are not made of gold and are not considered legal tender in any country. This category primarily includes collectible coins, commemorative issues, numismatic items, and historical coins whose value is derived from their rarity, historical significance, or artistic merit rather than their face value or intrinsic metal content (if not gold). Importers are typically coin dealers, numismatists, collectors, and specialized auction houses. Exporters include national mints (for non-legal tender commemorative issues), private coin dealers, and individuals selling off collections. The trade is highly specialized, driven by collector demand, historical interest, and market speculation. Authenticity, condition, and provenance are critical factors influencing value. These coins are often traded at prices significantly above their metal content or original face value.
Products Under This Code
Silver commemorative coins, Copper proof coins, Nickel collector's sets, Bronze historical tokens, Platinum numismatic coins (non-gold), Palladium collector coins, Bi-metallic commemorative issues
Real World Examples
Royal Mint Commemorative Coins (non-gold, non-legal tender), US Mint Collector Sets (non-gold, non-legal tender), Perth Mint Silver Collector Coins, Private mint tokens
Common Misclassification
This code is distinct from 711890, which covers legal tender coins, and from 7108 (Gold, unwrought or in semi-manufactured forms) or 7113 (Jewellery) if the items are primarily valued for their metal content or as adornments. It also differs from 9705.00 (Collections and collectors' pieces of zoological, botanical, mineralogical, anatomical, historical, archaeological, palaeontological, ethnographic or numismatic interest) if the primary classification is as a coin.
Products Classified Under 7118.10
Industry
This code belongs to the Gems & Jewelry industry.
Trade Overview
Major importing countries include the USA, Germany, UK, and Switzerland, with top exporters being the USA, Germany, and Canada.
Frequently Asked Questions
What is HS code 711810?
HS code 711810 covers: Coin (other than gold coin), not being legal tender. This HS code specifically covers coins that are not made of gold and are not considered legal tender in any country. This category primarily includes collectible coins, commemorative issues, numismatic items, and historical coins whose value is derived from their rarity, historical significance, or artistic merit rather than their face value or intrinsic metal content (if not gold). Importers are typically coin dealers, numismatists, collectors, and specialized auction houses. Exporters include national mints (for non-legal tender commemorative issues), private coin dealers, and individuals selling off collections. The trade is highly specialized, driven by collector demand, historical interest, and market speculation. Authenticity, condition, and provenance are critical factors influencing value. These coins are often traded at prices significantly above their metal content or original face value.
What products fall under HS code 711810?
Silver commemorative coins, Copper proof coins, Nickel collector's sets, Bronze historical tokens, Platinum numismatic coins (non-gold), Palladium collector coins, Bi-metallic commemorative issues
What are common misclassifications for HS code 711810?
This code is distinct from 711890, which covers legal tender coins, and from 7108 (Gold, unwrought or in semi-manufactured forms) or 7113 (Jewellery) if the items are primarily valued for their metal content or as adornments. It also differs from 9705.00 (Collections and collectors' pieces of zoological, botanical, mineralogical, anatomical, historical, archaeological, palaeontological, ethnographic or numismatic interest) if the primary classification is as a coin.
How is HS code 711810 structured?
HS code 711810 is a 6-digit subheading under the Harmonized System. The first 2 digits (71) identify the chapter, digits 3-4 (18) identify the heading, and digits 5-6 (10) specify the subheading. This code is standardized globally by the World Customs Organization.