Collections and collectors' pieces; of numismatic interest, of an age exceeding 100 years

HS v2022 Code: 970531

About collections and collectors' pieces; of numismatic interest, of an age exceeding 100 years

HS code 970531 covers the classification of antique numismatic collections and collectors' pieces that are over 100 years old. This industry is of significant importance within the broader art and collectibles market, as it deals with the preservation and trade of rare and historically valuable coins, medals, and other numismatic items. These items are highly sought after by collectors and museums, and their trade plays a crucial role in the global cultural heritage landscape.

Production process

The production techniques involved in this industry primarily revolve around the careful curation, preservation, and authentication of antique numismatic items. This includes the use of specialized cleaning and conservation methods, as well as the implementation of rigorous documentation and provenance tracking processes. Experts in this field utilize their deep knowledge of numismatic history, metallurgy, and grading techniques to ensure the integrity and value of the items they handle.

Production inputs

The main inputs required for this industry include the antique numismatic items themselves, which are typically acquired through auctions, private collections, or specialized dealers. Additionally, the industry relies on a range of specialized equipment and tools for the preservation, storage, and transportation of these delicate and valuable items. This may include secure storage facilities, specialized cleaning and restoration supplies, and specialized packaging and shipping materials. The industry also requires a highly skilled workforce of numismatic experts, historians, and conservators to ensure the proper handling and care of these cultural artifacts.

Production outputs

The primary output of this industry is the trade and exchange of antique numismatic items, which are then acquired by collectors, museums, and other institutions. These items may be sold individually or as part of larger collections, and their value is often determined by factors such as rarity, condition, and historical significance. The output of this industry may also be consumed by related industries, such as 970600 Antiques of an age exceeding one hundred years and 970400 Postage or revenue stamps, stamp-postmarks, first-day covers, postal stationery and the like, used or unused, other than those of heading 4907.

Revisions to 970531

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 970531. The most recent 1 version of this code (970531) is in the HS v2022 system (this version):

This page shows the most recent version of code 970531.

Family tree for collections and collectors' pieces; of numismatic interest, of an age exceeding 100 years

    graph LR
    A["<a href='/classifications/hs/v2022/97'>97: Works of art; collectors' pieces and antiques</a>"]
A --> B["<a href='/classifications/hs/v2022/9705'>9705: Collections and collectors' pieces; of archaeological, ethnographic, historical, zoological, botanical, mineralogical, anatomical, palaeontological or numismatic interest</a>"]
B --> C["<a href='/classifications/hs/v2022/970531'>970531: Collections and collectors' pieces; of numismatic interest, of an age exceeding 100 years</a>"]

    B --> D["<a href='/classifications/hs/v2022/970510'>970510: Collections and collectors' pieces; of archaeological, ethnographic or historical interest</a>"]
B --> E["<a href='/classifications/hs/v2022/970521'>970521: Collections and collectors' pieces; of zoological, botanical, mineralogical, anatomical or palaeontological interest, human specimens and parts thereof</a>"]
B --> F["<a href='/classifications/hs/v2022/970522'>970522: Collections and collectors' pieces; of zoological, botanical, mineralogical, anatomical or palaeontological interest, extinct or endangered species and parts thereof</a>"]
B --> G["<a href='/classifications/hs/v2022/970529'>970529: Collections and collectors' pieces; of zoological, botanical, mineralogical, anatomical or palaeontological interest, other than human species, extinct or endangered species and parts thereof</a>"]
B --> H["<a href='/classifications/hs/v2022/970539'>970539: Collections and collectors' pieces; of numismatic interest, of an age not exceeding 100 years</a>"]

    

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