About HS Code 711890
This HS code covers all coins not classified under 7118.10, meaning it primarily encompasses coins that *are* legal tender in their respective countries, regardless of their metal composition (excluding gold coins, which are typically classified under 7108 if their value is primarily metal content, or 7118.10 if non-legal tender and gold). This includes circulating currency, newly minted coins intended for circulation, and certain commemorative coins that retain legal tender status. Importers are typically central banks, financial institutions, and currency exchange services, as well as some numismatic dealers for current issues. Exporters are national mints and central banks. The trade in these coins is driven by monetary policy, international currency exchange, and the need for physical cash. While some may have collector value, their primary function is as a medium of exchange. The volume of trade can be significant, reflecting global economic activity and cross-border transactions.
Products Under This Code
Euro circulation coins, US dollar coins (legal tender), British pound coins, Japanese Yen coins, Canadian dollar coins, Australian dollar coins, Swiss Franc coins, South African Rand coins
Real World Examples
US Mint circulating coins, Royal Canadian Mint legal tender coins, European Central Bank issued coins, Bank of England coins
Common Misclassification
This code is distinct from 711810, which covers non-legal tender coins. It's also important to differentiate from 7108 (Gold, unwrought or in semi-manufactured forms) for gold coins whose value is primarily their gold content, or 7113 (Jewellery) if coins are incorporated into jewelry.
Products Classified Under 7118.90
Industry
This code belongs to the Gems & Jewelry industry.
Trade Overview
Top importing countries include the USA, Germany, UK, and France, with major exporters being the USA, Germany, and Canada.
Frequently Asked Questions
What is HS code 711890?
HS code 711890 covers: Coin; other than coin of item no. 7118.10. This HS code covers all coins not classified under 7118.10, meaning it primarily encompasses coins that *are* legal tender in their respective countries, regardless of their metal composition (excluding gold coins, which are typically classified under 7108 if their value is primarily metal content, or 7118.10 if non-legal tender and gold). This includes circulating currency, newly minted coins intended for circulation, and certain commemorative coins that retain legal tender status. Importers are typically central banks, financial institutions, and currency exchange services, as well as some numismatic dealers for current issues. Exporters are national mints and central banks. The trade in these coins is driven by monetary policy, international currency exchange, and the need for physical cash. While some may have collector value, their primary function is as a medium of exchange. The volume of trade can be significant, reflecting global economic activity and cross-border transactions.
What products fall under HS code 711890?
Euro circulation coins, US dollar coins (legal tender), British pound coins, Japanese Yen coins, Canadian dollar coins, Australian dollar coins, Swiss Franc coins, South African Rand coins
What are common misclassifications for HS code 711890?
This code is distinct from 711810, which covers non-legal tender coins. It's also important to differentiate from 7108 (Gold, unwrought or in semi-manufactured forms) for gold coins whose value is primarily their gold content, or 7113 (Jewellery) if coins are incorporated into jewelry.
How is HS code 711890 structured?
HS code 711890 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 (90) specify the subheading. This code is standardized globally by the World Customs Organization.