Product classification

HS code for Gold coins: 7108.20

Gold, monetary.

Classification of gold coins under HS 7108.20

Gold coins classified under HS code 7108.20 are specifically designated as "monetary gold." This classification is unique because it depends not only on the physical properties of the gold but also on the status of the owner and the intended use. Monetary gold refers to gold held by central banks or monetary authorities as part of official international reserves. This distinguishes it from collector coins or investment bullion held by private individuals or commercial banks. Under the Harmonized System, the distinction between monetary and non-monetary gold is critical for national accounts and trade statistics. If the gold is not held by a monetary authority, it cannot fall under 7108.20, regardless of its shape, purity, or legal tender status. This code is reserved for the movement of gold between official financial institutions.

Covers
  • Central bank gold reserves in coin form
  • Monetary authority gold coins
  • Official gold reserves exchanged between governments
  • Legal tender gold coins held as national assets
Also under 7108.20
  • Federal Reserve gold reserves
  • Bank of England gold vaults
  • European Central Bank gold holdings
  • IMF gold holdings
  • Deutsche Bundesbank gold reserves

Codes often confused with 7108.20

Common mistake. The most frequent misclassification occurs with HS code 7118.90, which covers coinage in general. While 7118.90 includes gold coins that are legal tender, it is used for commercial or private trade. If the gold is being traded as a commodity or investment by private parties, it should be under 7108.12 (non-monetary unwrought gold) or 7118.90. Confusing 7108.20 with 7108.12 is common when the user does not account for the "monetary" vs "non-monetary" distinction required by Chapter 71 notes.

7118.90Coin; other than coin of item no. 7118.107108.12Metals; gold, non-monetary, unwrought (but not powder)

Brazil NCM code for gold coins

Brazil classifies gold coins under NCM 7108.20.00: HS 7108.20 with 00 added.

Source: Siscomex NCM table, updated Oct 2026. The Portuguese text on each NCM page is the official one.

Questions about gold coins

What is the HS code for Gold coins?

The HS code for Gold coins is 710820 (Gold, monetary). For monetary gold coins held by official authorities, the code is 7108.20. For private investment or legal tender coins, use 7118.90.

How do I classify Gold coins for customs?

Gold coins is classified under HS code 710820 — Gold, monetary. This is a 6-digit subheading level code.

What defines gold as monetary?

Gold is considered monetary only when it is owned by a central bank or government authority to support the national currency or reserves.

Is the HS code for Gold coins the same in all countries?

The base HS code 710820 for Gold coins is internationally standardized for the first 6 digits across 200+ countries. Individual countries may add additional digits for national tariff lines and specific classifications.

What is the NCM code for gold coins in Brazil?

In Brazil, gold coins (HS 710820) is classified under NCM 7108.20.00.