HS Code 7118
Coinage and Currency
HS code 7118 covers coins made of base or precious metals, including both legal tender and numismatic collector items.
4-digit Section XIVAir
HS Code 7118 — Coinage and Currency
This code includes coins of all kinds, whether legal tender or intended for collectors. It covers both base metal coins and precious metal coins, but excludes medals or jewellery made from coins.
What's included
- Gold sovereign coins
- Silver bullion coins
- Circulation coinage
- Collector coin sets
What's excluded
- Coin jewellery → use
7113(Once converted into jewellery, it follows jewellery classification.)
Common examples
- 1oz Gold Canadian Maple Leaf
- Silver American Eagle coin
- Mixed circulation copper-nickel coins
- Commemorative proof coin set
Frequently asked questions
Is investment gold exempt from duty?
In many jurisdictions, investment-grade gold coins are exempt from VAT and duty, but must still be declared.
Trade & shipping notes
- Typical duty range: 0%
- Documentation: Often subject to Anti-Money Laundering (AML) declarations for high-value shipments.
- Typical shipping mode: Air
- Top exporters: Canada, United States, United Kingdom
- Top importers: Germany, China, Switzerland
Related HS codes
Key takeaway
Used for both standard money and investment bullion coins.
Related HS codes
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