diff --git a/CHANGELOG.md b/CHANGELOG.md
index 75136e9c10..15ce5df96d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,8 +11,10 @@ and this project adheres to
 - cosmwasm-vm: Add `Cache::save_wasm_unchecked` to save Wasm blobs that have
   been checked before. This is useful for state-sync where we know the Wasm code
   was checked when it was first uploaded. ([#1635])
+- cosmwasm-std: Add `FromStr` impl for `Coin`. ([#1684])
 
 [#1635]: https://github.com/CosmWasm/cosmwasm/pull/1635
+[#1684]: https://github.com/CosmWasm/cosmwasm/pull/1684
 
 ### Changed
 
diff --git a/packages/std/src/coin.rs b/packages/std/src/coin.rs
index 289911deef..b88a6da3ee 100644
--- a/packages/std/src/coin.rs
+++ b/packages/std/src/coin.rs
@@ -1,8 +1,8 @@
 use schemars::JsonSchema;
 use serde::{Deserialize, Serialize};
-use std::fmt;
+use std::{fmt, str::FromStr};
 
-use crate::math::Uint128;
+use crate::{errors::CoinFromStrError, math::Uint128};
 
 #[derive(Serialize, Deserialize, Clone, Default, Debug, PartialEq, Eq, JsonSchema)]
 pub struct Coin {
@@ -19,6 +19,26 @@ impl Coin {
     }
 }
 
+impl FromStr for Coin {
+    type Err = CoinFromStrError;
+
+    fn from_str(s: &str) -> Result<Self, Self::Err> {
+        let pos = s
+            .find(|c: char| !c.is_ascii_digit())
+            .ok_or(CoinFromStrError::MissingDenom)?;
+        let (amount, denom) = s.split_at(pos);
+
+        if amount.is_empty() {
+            return Err(CoinFromStrError::MissingAmount);
+        }
+
+        Ok(Coin {
+            amount: amount.parse::<u128>()?.into(),
+            denom: denom.to_string(),
+        })
+    }
+}
+
 impl fmt::Display for Coin {
     fn fmt(&self, f: &mut fmt::Formatter) -> fmt::Result {
         // We use the formatting without a space between amount and denom,
@@ -166,4 +186,53 @@ mod tests {
         // less than same type
         assert!(has_coins(&wallet, &coin(777, "ETH")));
     }
+
+    #[test]
+    fn parse_coin() {
+        let expected = Coin::new(123, "ucosm");
+        assert_eq!("123ucosm".parse::<Coin>().unwrap(), expected);
+        // leading zeroes should be ignored
+        assert_eq!("00123ucosm".parse::<Coin>().unwrap(), expected);
+        // 0 amount parses correctly
+        assert_eq!("0ucosm".parse::<Coin>().unwrap(), Coin::new(0, "ucosm"));
+        // ibc denom should work
+        let ibc_str = "11111ibc/27394FB092D2ECCD56123C74F36E4C1F926001CEADA9CA97EA622B25F41E5EB2";
+        let ibc_coin = Coin::new(
+            11111,
+            "ibc/27394FB092D2ECCD56123C74F36E4C1F926001CEADA9CA97EA622B25F41E5EB2",
+        );
+        assert_eq!(ibc_str.parse::<Coin>().unwrap(), ibc_coin);
+
+        // error cases
+        assert_eq!(
+            Coin::from_str("123").unwrap_err(),
+            CoinFromStrError::MissingDenom
+        );
+        assert_eq!(
+            Coin::from_str("ucosm").unwrap_err(), // no amount
+            CoinFromStrError::MissingAmount
+        );
+        assert_eq!(
+            Coin::from_str("-123ucosm").unwrap_err(), // negative amount
+            CoinFromStrError::MissingAmount
+        );
+        assert_eq!(
+            Coin::from_str("").unwrap_err(), // empty input
+            CoinFromStrError::MissingDenom
+        );
+        assert_eq!(
+            Coin::from_str(" 1ucosm").unwrap_err(), // unsupported whitespace
+            CoinFromStrError::MissingAmount
+        );
+        assert_eq!(
+            Coin::from_str("�1ucosm").unwrap_err(), // other broken data
+            CoinFromStrError::MissingAmount
+        );
+        assert_eq!(
+            Coin::from_str("340282366920938463463374607431768211456ucosm")
+                .unwrap_err()
+                .to_string(),
+            "Invalid amount: number too large to fit in target type"
+        );
+    }
 }
diff --git a/packages/std/src/errors/mod.rs b/packages/std/src/errors/mod.rs
index 705382b732..5535479bdf 100644
--- a/packages/std/src/errors/mod.rs
+++ b/packages/std/src/errors/mod.rs
@@ -6,7 +6,7 @@ mod verification_error;
 pub use recover_pubkey_error::RecoverPubkeyError;
 pub use std_error::{
     CheckedFromRatioError, CheckedMultiplyFractionError, CheckedMultiplyRatioError,
-    ConversionOverflowError, DivideByZeroError, OverflowError, OverflowOperation,
+    CoinFromStrError, ConversionOverflowError, DivideByZeroError, OverflowError, OverflowOperation,
     RoundUpOverflowError, StdError, StdResult,
 };
 pub use system_error::SystemError;
diff --git a/packages/std/src/errors/std_error.rs b/packages/std/src/errors/std_error.rs
index 79b6a82f27..d90171c74c 100644
--- a/packages/std/src/errors/std_error.rs
+++ b/packages/std/src/errors/std_error.rs
@@ -590,6 +590,28 @@ pub enum CheckedFromRatioError {
 #[error("Round up operation failed because of overflow")]
 pub struct RoundUpOverflowError;
 
+#[derive(Error, Debug, PartialEq, Eq)]
+pub enum CoinFromStrError {
+    #[error("Missing denominator")]
+    MissingDenom,
+    #[error("Missing amount or non-digit characters in amount")]
+    MissingAmount,
+    #[error("Invalid amount: {0}")]
+    InvalidAmount(std::num::ParseIntError),
+}
+
+impl From<std::num::ParseIntError> for CoinFromStrError {
+    fn from(value: std::num::ParseIntError) -> Self {
+        Self::InvalidAmount(value)
+    }
+}
+
+impl From<CoinFromStrError> for StdError {
+    fn from(value: CoinFromStrError) -> Self {
+        Self::generic_err(format!("Parsing Coin: {}", value))
+    }
+}
+
 #[cfg(test)]
 mod tests {
     use super::*;