Somalian Platinum Elephant 1 oz Coin from China
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.
Duty Rate — China → United States
7.5%
Rate breakdown
9903.88.157.5%Except as provided in headings 9903.88.39, 9903.88.42, 9903.88.44, 9903.88.47, 9903.88.49, 9903.88.51, 9903.88.53, 9903.88.55, 9903.88.57, 9903.88.65, 9903.88.66, 9903.88.67, 9903.88.68, or 9903.88.69, articles the product of China, as provided for in U.S. note 20(r) to this subchapter and as provided for in the subheadings enumerated in U.S. note 20(s)
9903.05.860%Articles provided for in subdivision (b) of U.S. note 52 to this subchapter
Import Tips
• 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