HS Code for Collector coins

The classification of collector coins under HS code 7118.10 pertains to coins that are not made of gold and are not considered legal tender in any country at the time of import. Chapter 71 covers precious metals and articles made thereof, and Heading 7118 is dedicated to coins. Subheading 7118.10 specifically excludes gold coins, which are classified elsewhere, and focuses on coins made from base metals or silver that do not circulate as official currency. These items are often produced as commemorative pieces or medals that take the form of a coin but lack the status of legal tender. The distinction is based on the legal status and the material composition. If a coin is intended for circulation or is recognized as legal tender, it would fall under a different subheading within 7118. This code is vital for identifying non-monetary metallic discs that resemble currency but serve decorative or commemorative purposes.

Products Included

• Non-gold commemorative coins (not legal tender)
• Silver collector coins (not legal tender)
• Base metal medals in coin form
• Fantasy coins or tokens
• Historical coins no longer recognized as legal tender

Common Misclassification

Collector coins are often misclassified under HS code 7118.90, which is the correct code for coins that are legal tender. The distinction depends entirely on whether the coin is currently authorized for use as money. Another frequent error is using HS code 9705.39, which is for numismatic collectors' pieces. While there is overlap, 9705 is generally preferred for items with significant historical or rarity value, whereas 7118.10 is used for items whose value is more closely tied to their metal content or commemorative nature without meeting the strict definition of a "collectors' piece" in Chapter 97.

FAQ

What is the HS code for Collector coins?

The HS code for collector coins (other than gold) that are not legal tender is 7118.10.

What code is used for gold collector coins?

Gold coins, whether legal tender or not, are typically classified under HS code 7118.90 or 9705 depending on their numismatic status, as 7118.10 specifically excludes gold.