Somalian Platinum Elephant 1 oz Coin
The Somalian Platinum Elephant series features 1 oz .9995 fine platinum with African wildlife motifs, issued by the mint in the African Union. Under HTS 7118.90.0020 as other platinum coins despite non-circulating status. Pure platinum per chapter specifications.
Import Duty Rates by Country of Origin
Alternative Classifications
This product could be classified differently depending on its characteristics or intended use.
If bullion-like but artistic
Coins emphasizing design over metal value can shift to 7115 as other precious metal articles.
If damaged or cullet
Scrap platinum coins classify preferentially under 7112 waste provisions per note 7.
If plated replicas
Base metal coins plated with thin platinum layer fall to imitation under 7117, not solid.
Not sure which classification is right?
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Import Tips & Compliance
• Validate with third-party assayers due to private mint origin; avoid origin misdeclaration
• Secure chain of custody docs from mint to importer
• Budget for potential IRS Form 8300 reporting
Related Products under HTS 7118.90.00.20
1 oz Platinum American Eagle Coin
The 1 oz Platinum American Eagle is an official bullion coin minted by the United States Mint containing one troy ounce of .9995 fine platinum. It falls under HTS 7118.90.0020 as a coin made of platinum, classified as 'other' coins not for numismatic purposes. These coins are primarily used for investment rather than circulation.
Platinum Maple Leaf 1/2 oz Coin
The Platinum Maple Leaf coin from the Royal Canadian Mint features 1/2 troy ounce of .9995 pure platinum with iconic maple leaf design. Classified under HTS 7118.90.0020 as other platinum coins for investment purposes. It meets chapter note definitions for platinum alloys where platinum predominates.
1 oz Platinum Britannia Coin
The 1 oz Platinum Britannia, produced by the Royal Mint, contains one troy ounce of .9995 fine platinum depicting Britannia. It is classified in HTS 7118.90.0020 as other coins of platinum, intended for precious metal investment. Excludes base metal cladding per chapter notes.
Platinum Krugerrand 1 oz Coin
The Platinum Krugerrand from the South African Mint holds 1 troy ounce of .9995 pure platinum, mirroring the gold version's design. Under HTS 7118.90.0020 as other platinum coins for bullion trade. Platinum content predominates per classification rules.
1/10 oz Platinum Philharmonic Coin
The 1/10 oz Platinum Philharmonic from the Royal Mint contains .9995 fine platinum in a small investment denomination. Classified as HTS 7118.90.0020 for other platinum coins, suitable for fractional bullion holdings. Adheres to platinum alloy predominance rules.
Platinum Koala 1 oz Coin
Australia's Perth Mint produces the 1 oz Platinum Koala coin with .9995 pure platinum and native wildlife design. It fits HTS 7118.90.0020 as other platinum investment coins. Excludes any semiprecious stone settings per definitions.