HS Code:
The Coin category, classified under HS Code 7118, encompasses coins of various types, including legal tender, collectible coins, and numismatic items made of precious metals or other materials. This category includes both circulated and uncirculated coins, often traded for their intrinsic metal value, historical significance, or rarity. The global trade of coins is influenced by factors such as collector demand, investment in precious metals, and fluctuations in currency markets. Additionally, coins are often subject to cultural and heritage regulations due to their historical value.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 800 million
32% of total trade of total trade
Increasing
USD 450 million
18% of total trade of total trade
Stable
USD 300 million
12% of total trade of total trade
Increasing
USD 250 million
10% of total trade of total trade
Stable
USD 200 million
8% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing economies)
Lowest Rate
0% (under free trade agreements or for cultural exchanges)
Rising demand for gold and silver coins as safe-haven investments
Increased trade volume in countries with major mints like the U.S. and Australia, driven by economic uncertainty and inflation fears.
2021-2022
Growth in online numismatic auctions and marketplaces
Expanded access to rare coins for collectors globally, boosting cross-border trade while raising concerns about authenticity and fraud.
2020-2022
Increased regulation of cultural heritage items
Stricter export controls in countries with rich historical artifacts, leading to reduced legal trade of ancient coins in some regions.
2019-2022
The United States Mint reported unprecedented demand for American Eagle gold and silver coins amid global economic uncertainty.
January 2023
Strengthened U.S. position as the leading exporter of bullion coins, with trade volume expected to rise further in 2023.
The European Union introduced new documentation requirements for importing coins over 200 years old to combat illicit trafficking of cultural goods.
September 2022
Potential slowdown in trade of ancient coins to EU countries, with increased compliance costs for exporters.
The Perth Mint announced a new series of limited-edition coins to cater to growing global collector demand.
March 2023
Expected to boost Australia's share in the global coin trade, particularly in the Asia-Pacific region.