3211
Minting of coins
This code covers the production of coins, including minting and manufacturing, whether for official use (national currency) or for collections, medals, or custom tokens. Activities include casting, stamping, and finishing coins from precious or common metals, as well as die engraving. It is relevant for jewelry workshops, mints, or manufacturers of numismatic objects.
Entrepreneur Profile
Acest cod este destinat producătorilor de monede, medaliști, atelierelor de gravură și turnătoriilor mici care produc obiecte metalice personalizate. Este util pentru SRL-uri sau PFA-uri care fabrică monede pentru colecționari, tokenuri promoționale sau medalii comemorative, precum și pentru monetăriile private.
Who should avoid:
Avoid the exclusive use of code 3211 if the main activity of your company shifts towards other commercial or related branches not specified in the official description. See the excluded activities section below.
Authorization procedure and Trade Register aspects for CAEN 3211
Registration with the Trade Register (ONRC)
For registering the activity 'Minting of coins' (CAEN 3211) with the Trade Register (ONRC), according to Law 265/2022, the standard form and the constitutive documents must be submitted, with the exact mention of the main object of activity and the CAEN code 3211. It is recommended to explicitly include the relevant subclasses (manufacturing of circulation coins, manufacturing of commemorative coins).
Additional authorizations and approvals
For minting coins as new production, approvals from the National Bank of Romania (BNR) or the State Mint may be required, given the special nature of the activity. The verification of the legality of the object of activity is carried out by the Trade Register (ONRC), but prior consultation with the BNR regarding the authorization of coin issuance is recommended.
Regulatory framework, specific approvals and control institutions
Applicable legislation
Activities of minting coins are regulated by Law 312/2004 on the state of manufacturing of coins and banknotes and by legislation on payment systems. The issuance of circulation coins is the exclusive competence of the BNR, and minting coins for third parties is strictly controlled. Also, the rules on money laundering prevention (Law 129/2019) and the regime of precious metals apply.
Control institutions
The main regulators are the BNR, which oversees the monetary issuance, and the Tax Authority (ANAF) for fiscal aspects. At the same time, quality control and control of precious metal content (gold, silver) are carried out by the National Office for Precious Metals (ONMPR) within the BNR. Registration with the ONMPR is recommended before starting production.
Fiscal management, ANAF audit risk and specific accounting
Fiscal aspects and VAT
Minting operations are subject to VAT according to the Fiscal Code (Law 227/2015), except in cases where the coins are considered collectible or investment coins. For investment gold coins, the VAT exemption applies according to art. 294 para. (2) lit. d). The sale of collectible coins is taxable with VAT, and the profit margin is taxed with corporate income tax (16%) or micro-enterprise income tax, depending on the organization.
Accounting and reporting
The accounting of precious metal stocks must be organized separately, with recording at acquisition or production cost. Upon sale, the FIFO method or weighted average cost is applied. Issuing invoices compliant with the RO e-Factura system is mandatory. In the case of investment coins, it is recommended to issue a declaration on own responsibility according to Law 359/2004 regarding the VAT exemption.
ANAF audit risk
Minting activities attract the attention of the Tax Authority (ANAF) due to the high values involved. The main risks are: undeclared production, undervaluation of stocks, undeclared transactions for money laundering purposes. It is mandatory to keep records strictly in accordance with the Accounting Regulations approved by Order 1802/2014. We recommend appointing a responsible fiscal officer with experience and collaborating with an authorized tax consultant.
Included Activities
- ✅ Minting of coins
- ✅ Manufacturing of commemorative and collectible coins
- ✅ Production of medals and metal tokens
- ✅ Die engraving for coins
- ✅ Casting and stamping of metals for coins
- ✅ Finishing and polishing coins
- ✅ Packaging coins for sale
Excluded Activities
- ❌ Retail trade of coins (code 4778)
- ❌ Manufacturing of jewelry (code 3212)
- ❌ Numismatic evaluation and certification services
- ❌ Official minting activities for state issuances (if separately regulated)
Similar or Related CAEN Codes:
From the same category of economic activities:
Întrebări Frecvente
What authorizations are needed to produce coins in Romania?
For producing coins that are not for official use (collectible, medals), no special authorization from the BNR is required, but the norms on precious metals (Law 86/2006) and registration with the Trade Register under CAEN code 3211 must be observed. For minting national currency, a concession from the state is required.
What special taxes apply to producers of coins made from precious metals?
Producers using gold, silver or other precious metals must pay excise duties according to the Fiscal Code (Title VII), and the sale of collectible coins is exempt from VAT if they are considered collectible items (according to art. 294 of the Fiscal Code).