Informative Section

 

GLOSSORY

 

The glossary will help you understand terms and acronyms commonly used in the field of coin collecting, or numismatics.

  • Abrasions – Light rubbing or scuffing from friction, not to be confused with hairlines or bag marks.

  • Adjustment marks – Small striations or file marks found on early United States coins. Made during planchet preparation (before striking) by drawing a file across the planchet to remove excess metal, resulting in a series of parallel grooves.This was done to reduce the planchet to its proper weight.

  • Alloy – A combination of two or more metals.

  • Annealing – The heating and cooling process by which planchets are softened to allow the metal to flow more smoothly during the strike.

  • Bag mark – A surface mark, usually in the form of a nick, acquired by a coin when it came into contact with others in a mint bag. Bag marks are most common on large and heavy silver and gold coins.

  • Blemishes – Minor nicks, marks, flaws, or spots of discoloration that mar the surface of a coin.

  • Bronze – An alloy of copper, zinc, and tin.

  • Bullion – Uncoined gold or silver in the form of ingots or plate.

  • Business strike – A coin intended for circulation in the channels of commerce (in contrast to a proof coin specifically struck for collectors).

  • Choice – An adjective used to describe an especially select specimen of a given grade. For example, Choice AU-55 represents an especially select About Uncirculated coin (typical About Uncirculated being AU-50).

  • Cleaning – Refers to removing dirt or otherwise altering the appearance of a coin through the use of abrasive materials that mar or scratch the surface in a detectable fashion.

  • Commemorative – A coin issued to mark a special event or to honor an outstanding person.

  • Counter stamp – A design, group of letters, or other mark stamped on a coin for special identification or advertising purposes. Counterstamped coins are graded the way regular (uncounterstamped) coins are, but the nature and condition of the counterstamp must also be described.

  • DDO or D.D.O. – Doubled Die Obverse, an obverse die which exhibits doubled images in one or more places.

  • DDR or D.D.R. – Doubled Die Reverse, a reverse die which exhibits doubled images in one or more places.

  • Denticles or dentils – The tooth like raised design around the rims of some coins. They are part of the die design.

  • Designer – The artist who creates a coin’s principal devices.

  • Details – Small features and fine lines in a coin design. Particularly those seen in hair, leaves, wreaths and feathers.

  • Die – A metal object used to impress a design into a planchet. Dies are usually engraved incuse, so that the devices and inscriptions they produce will be in relief.

  • Dipping – The act of removing tarnish, surface dirt, or changing the coloration of a coin by applying chemicals, or otherwise artificially treating it with liquids.

  • Disme – The early spelling of the word “dime,” one tenth of a dollar.

  • Double eagle – A United States twenty dollar gold coin.

  • Eagle – A United States ten dollar gold coin.

  • Edge – The area which borders a coin’s surface. Also referred to as coin’s “third side.” Edges of United States coins may be Reeded, lettered or plain.

  • Electrotype – A counterfeit coin made by the electroplating process.

  • Engraver – A person who cuts a design into a coinage die.

  • Field – The portion of a coin’s surface not used for a design or inscription.

  • Fineness – Purity of gold or silver, normally expressed in the terms of one thousand parts.

  • Grade – The condition or amount of wear that a coin has received. Generally, the less wear a given coin has received, the more valuable it is. Coins are graded on the A.N.A. numerical system from About Good-3 to Perfect Uncirculated-70.

  • Hairlines – A series of minute lines or scratches, usually visible in the field of a coin, sometimes caused by cleaning or polishing.

  • Half eagle – A United States five dollar gold coin.

  • Hub or hob – A metal object with the intended coin design in relief on one end as it would appear on the finished coin. It is used to produce dies.

  • Incuse – The design of a coin which has been impressed below the coin’s surface. When the design is raised above the coin’s surface, it is said to be in relief.

  • Key date – Slang usually indicating the rarest (and therefore most expensive)date-and-mint of a particular coin series.

  • Legend – The principal inscription on a coin.

  • lg. – Abbreviation for the word “large,”generally referring to a date or mintmark.

  • Luster – The glossy appearance of the surface of a coin. Although normally brilliant, with time luster may become dull, frosty, spotted or discolored.

  • Milled edge – A raised rim around the outer surface of a coin. Not to be confused with the Reeded or serrated narrow edge of the coin.

  • Mintmark – A symbol, usually a small letter, used to indicate at which mint a particular coin was struck.

  • Modification – A minor alteration in the basic design of a coin.

  • Motto – A word or phrase on a coin.

  • Mule – A coin struck from obverse and reverse dies not originally intended to be used together.

  • NGC or N.G.C. – Numismatic Guaranty Corporation of America, a third-party grading service.

  • Nick – A small mark on a coin caused by another coin bumping against it or by contact with a rough or sharp object.

  • Numismatics – Area of study relating to coins, medals, or similar items.

  • Numismatist – A student or collector of coins, medals, or similar items.

  • Obverse – The front or fact side of a coin, usually the side with the date or the principal design. Opposite of the reverse side.

  • Overdate – The date made by superimposing one or more different numbers on a previously dated die.

  • Oxidation – The formulation of oxides or tarnish on the surface of a coin from exposure to air, dampness, industrial fumes, or other elements.

  • Pattern – A prototype of a proposed coin design.

  • Patina – A green or brown surface film found on ancient copper and bronze coins caused by oxidation over a long period of time.

  • PCGS or P.C.G.S. – Professional Coin Grading Service, a third party grading service founded in 1986 by David Hall. PCGS was the first third party grading service to sonically seal each coin in a plastic container with its grade and registration number. These plastic containers became popularly referred to “slabs.”

  • Planchet – Disk on which a design is impressed to make a coin, metal or token.

  • Proof – Coins struck for collectors and using specially polished or otherwise prepared dies.

  • Proof like – Used to describe any uncirculated coin with a mirror like reflective surface but lacking the full characteristics of a proof.

  • Quarter eagle – A United States two and one half dollar gold coin.

  • Reeded edge – The edge of a coin with grooved lines that run vertically around its perimeter. This type of edge is found on all current United States coins above the five cent denomination.

  • Relief – Any part of a coin’s design that is raised above the coin’s surface. When the design has been impressed below the coin’s surface, it is said to be incuse.

  • Restrike -A coin struck from genuine dies at a date later than its original issue.

  • Reverse – The side of a coin carrying the design of lesser importance. Opposite of the obverse side.

  • Rim – The raised portion of a coin encircling the obverse and reverse which protects the designs of the coin from wear.

  • Scratch – A deep line or groove in a coin caused by contact with a sharp or rough object.

  • Series – One coin of each year issued from each mint of a specific design and denomination, e.g., Standing Liberty Quarters 1916-1930.

  • Slab – Slang term for a coin that has been graded, registered and encapsulated (sonically sealed) in a plastic container by a third party grading service.

  • Sm. – Abbreviation for the word “small,” generally referring to a date or mintmark.

  • Striations – Thin, light raised lines on the surface of a coin, caused by excessive polishing of the die.

  • Striking – Refers to the process by which a coin is minted. Also refers to the sharpness of design details. A sharp strike or strong strike is one with all of the details struck very sharply; a weak strike has the details lightly impressed at the time of coining.

  • Toning – Natural patination or discoloration of a coin’s surface caused by the atmosphere over a long period of time. Toning is often very attractive, and many collectors prefer coins with this feature.

  • Truncation – The sharply cut off bottom edge of a portrait.

  • Type – A coin’s basic distinguishing design.

  • Unique – An item of which only one specimen is known to exist.

  • Variety – A minor change from the basic type design of a coin.

  • Weak strike – A coin with certain areas of its details (in the areas of high relief) not fully formed because of the hardness of alloy, insufficient striking pressure or improper die spacing.

  • Wear – The abrasion of metal from a coin’s surface caused by normal handling or circulation.

  • Whizzing – The artificial treatment of a coin by wire brushing, acid dipping, or otherwise removing metal from the coin’s surface to give it the artificial appearance of being in a higher grade. Whizzing is an alteration, not a grade or condition.