7118.10.00.00 - Coin (other than gold coin), not being legal tender
Details
| Field | Value |
|---|---|
| Unit of Quantity | g |
| General Rate of Duty | Free |
| Special Rate of Duty | N/A |
| Column 2 Rate of Duty | Free |
| Quota Quantity | N/A |
| Additional Duties | N/A |
Overview
This HTS classification, 7118.10.00.00, specifically covers coins that are not considered legal tender. These are items manufactured to resemble coins, often for collection, numismatic, or novelty purposes, but they lack the official status of currency within a recognized jurisdiction. This category distinguishes itself from other coin-related classifications by focusing on the legal tender status of the item; if an item is intended for circulation as official currency, it would fall under a different classification.
The distinction from its sibling category, 7118.90.00 (Other), is crucial. While 7118.90.00 encompasses all other coins not specifically classified elsewhere within the 7118 chapter, this particular code is reserved for those non-legal tender coins. The primary differentiator lies in the lack of official government recognition for circulation as currency for items classified under 7118.10.00.00.
Given that 7118.10.00.00 is a leaf node, there are no further subcategories. Therefore, classification within this code hinges on the definitive absence of legal tender status. Examples could include commemorative medallions, replica coins, or foreign currency no longer in circulation or never intended for circulation. The material composition and value of these non-legal tender items are secondary to their status as officially recognized currency.