Golden Glossary of Coin Terminology
Very heavily worn coin with portions of lettering, date and legends worn smooth; date may be barely readable on the coin.
A coin with traces of light wear on many of the high points. Design details are very sharp, with most mint luster still evident.
Scratches which appear mostly on pre-1807 silver and gold coinage. These scratches were file marks, made at the mint in order to reduce the weight of a coin so that its metal value wouldn’t exceed its face value. As such, adjustment marks do not reduce the value of a coin nearly as much as series of equally visible scratches which were not “mint caused.”
Chemical symbol for silver.
Metal made by combining two or more metals. Any silver or gold of less than .999 purity is an alloy.
The illegal practice of modifying a date or mint mark on a common coin to make it appear to be a rare coin. Also known as Mint Mark.
Abbreviation for the American Numismatic Association. The ANA is the world’s largest organization of coin collectors and dealers. It is a non-profit organization chartered by an Act of Congress in 1912.
The softening of planchets by heat followed by slow cooling. Annealing makes the planchets more easily struck.
A coin may appear to have more wear than it actually has, due to poorly made dies or the prolonged use of worn dies.
The simultaneous purchase of currency, securities or goods in one market and their sale in another market to take advantage of a price difference.
The price that a seller is willing to take in order to effect the sale of a coin.
A test to determine the metallic content.
Chemical symbol for gold.
See About Uncirculated.