Other

CN code 7118 90 covers coins other than gold coins that are not collectors' items. This subheading classifies coins of silver, platinum, palladium, and base metals that were or are legal tender but are traded for their precious metal content or face value rather than numismatic value. Typical articles in this category include silver bullion coins such as the American Silver Eagle, Canadian Silver Maple Leaf, Austrian Silver Philharmoniker, and Australian Silver Kangaroo. It also covers circulating base metal coins not in circulation in the importing country. Classification requires distinguishing from collector coins, gold coins (7118 10), and from medals and decorations (heading 8306). The customs declaration should specify the coin type, metal, issuer, year of issue, fineness, weight, and quantity.

Importing coins other than gold coins into the European Union is subject to customs and tax regulations. Duty rates should be checked in the TARIC database or ISZTAR4 system. Unlike gold coins, silver and other metal coins do not benefit from the VAT exemption provided for investment gold under Articles 344-356 of the VAT Directive. Silver bullion coins are subject to the standard VAT rate or, in some member states, a reduced rate under the margin scheme. AML regulations impose identification and reporting obligations on entities trading in precious metal coins. EU sanctions on imports from Russia and Belarus may cover silver or other metal coins struck in those countries. The importer should hold a commercial invoice with a detailed description of the coins, a certificate of authenticity, and transport documentation. Coins are not subject to hallmarking regulations.

When planning the import of coins classified under CN code 7118 90, attention should be paid to correctly establishing the coins' tax status. Silver bullion coins do not benefit from VAT exemption like investment gold coins, which significantly affects the total import cost. In some EU member states, the margin scheme applies, allowing VAT to be charged on the dealer's margin rather than the full coin value. The customs value is determined based on the transaction price. In 2026, it should be checked whether the coin issuer or country of origin appears on EU sanctions lists. Coin authenticity should be confirmed by a mint certificate or a certificate from a recognised numismatic dealer. Transport of high-value coins requires insurance and security measures. Coins are not subject to CBAM obligations. Simplified procedures and AEO status are recommended for regular coin importers.

The customs clearance procedure for other coins under CN code 7118 90 begins with filing a customs declaration in the national import system. The importer must present a commercial invoice, transport document, certificate of origin where applicable, and a precious metal fineness certificate. Customs may take samples for laboratory analysis to verify composition. After release, customs duties and import VAT become payable. The total clearance time typically ranges from one to three working days depending on the Member State.