Coin (other than gold coin), not being legal tender

HS code 711810 covers the trade of coins that are not considered legal tender, excluding gold coins. This industry plays a significant role in the global numismatic and collectibles market, catering to the needs of coin collectors, investors, and enthusiasts. These non-legal tender coins are often produced for commemorative, historical, or artistic purposes, and their trade is an important aspect of the broader precious metals and collectibles economy.

The production of non-legal tender coins typically involves specialized minting processes. Mints, both government-owned and private, use advanced techniques such as die striking, laser engraving, and advanced finishing methods to create these collectible coins. The coins may feature intricate designs, unique alloy compositions, and limited mintages to enhance their value and appeal to collectors.

The production of non-legal tender coins requires a range of inputs, including precious metals such as silver, platinum, and palladium, as well as specialized minting equipment and skilled labor. Mints also rely on advanced technologies, such as computer-aided design (CAD) software and high-precision minting machinery, to ensure the quality and consistency of the final products.

The primary output of HS code 711810 is non-legal tender coins, which are often sold to coin collectors, investors, and dealers. These coins may be used in 711890 Other articles of precious metal or of metal clad with precious metal, as well as in 970500 Collections and collectors' pieces of zoological, botanical, mineralogical, anatomical, historical, archaeological, paleontological, ethnographic or numismatic interest, depending on their specific characteristics and target markets.