Question 16
Domain 2: Classification under HTSUSOf the four choices below, which is the best CLASSIFICATION of pure silver (99.99%) coins that are minted in South Africa, have legal tender status, and are valued at $25,000.00 U.S. Dollars (USD)?
Correct answer: D
Explanation
Pure silver coins minted in South Africa with legal tender status are classified under heading 7118 for "coin." The specific subheading 7118.90 covers "Other" coin, and the provided classification 7118.90.0055 fits the described silver coins valued at $25,000 USD, placing them in Category V – Entry / Entry Summary.
Why each option is right or wrong
A. 7106.91.1010
7106.91.1010 covers silver in semi-manufactured or material form, not legal-tender coins.
B. 7115.90.4000
7115.90.4000 is for other articles of precious metal, not coin classified by legal-tender status.
C. 7118.10.0000
7118.10.0000 applies to coin not being legal tender, the opposite of the stated facts.
D. 7118.90.0055 Category V – Entry / Entry Summary
HTSUS heading 7118 covers coin, and subheading 7118.90 is the residual provision for other coin rather than gold or silver legal-tender coinage of the United States. The specific statistical breakout 7118.90.0055 applies to silver coins of 99.9% or greater fineness that are legal tender and have a value exceeding $10,000 but not exceeding $100,000; at $25,000, these South African-minted coins fall squarely within that range, so they are classified in Category V – Entry / Entry Summary.