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A Glossary of Specialized Coin Terms




displays ten commemorative
coins in two horizontal rows

Coin Terms

Reference Notes


abrasion :
a mark on a coin where another object has displaced some of its constituent metal.

accolated :
conjoined portraits; portraits that overlap and face in the same direction, as on a coin, medal, or escutcheon. [ety: embrace]

adjustment marks :
file marks on coins where excess metal was removed from oversized or overweight blanks (planchets).

advice :
the smallest coin of the realm (by Ambrose Gwinnett Bierce).

AGW :
Actual Gold Weight, being the amount of gold in a coin, not including any other metals.

albata :
German silver.

album friction :
rubbing on the high points of a coin that occurs when pages slide against each other in a coin storage album.

album slide marks :
scrape lines, usually parallel, created by moving a coin across the plastic slide of a coin storage album.

allowance :
a permissible deviation in the fineness and weight of coin, owing to the difficulty of securing exact conformity to the standard prescribed by law; coining tolerance.

alloy :
a coin composed of a mixture of two or more metals.

alms :
anything given to the poor or needy as charity, such as donated food or clothing, money or shelter; as derived from pity or compassion (v: eleemosynary).

alteration :
a coin that's been changed in some manner to simulate a more valuable issue.

aluminum / aluminium :
a lightweight, malleable, and ductile metallic element (Al) that's non-magnetic, corrosion-resistant, and of a bluish-white color, which is found only in combination, and is widely used in alloys. [cf: alumina, corundum; v: titanium]

American Eagle Bullion Coin :
coins produced in platinum, silver, and gold by the United States Mint since October 1986; available in proof-quality issues.

American Numismatic Association (ANA) :
a non-profit educational organization that encourages the study of money throughout the world.

ancients :
coins struck during the era: circa 600BC to AD450.

anepigraphic / anepigraphous :
a coin, artifact, or the like without a legend; lacking an inscription.

annealing :
heating blanks (planchets) in a furnace so as to soften the metal before striking in a coin press, which relieves molecular stress and helps prevent cracking.

anvil die :
the lower die in the coin press, which is usually the reverse coin face.

apothecaries' weight :
a system of weights (eg: grain, dram, ounce, etc) used chiefly in compounding and dispensing drugs.

artificial toning :
coloring added to the surface of a coin by the use of chemicals or heat.

assay :
an analysis that determines the composition and purity of metal.

attributes :
the elements, like luster and strike, that contribute to the evaluation of a coin's grade rating.

attribution :
a classification for a coin, based upon its distinguishing features, such as date, design, or metal.

authentication :
the determination of an item's genuineness.

av :
abbreviation for 'avoirdupois weight'.

avdp :
abbreviation for 'avoirdupois weight'.

avoir :
abbreviation for 'avoirdupois weight'.

avoirdupois weight :
the system of weights that's based on the 16 ounce pound, which is used in the United States and Great Britain for goods other than gems, precious metals, and drugs; abbreviated 'av', 'avdp', or 'avoir'.

bad paper :
informal reference to forged or counterfeit currency; sometimes called fake or phony, bogus or spurious, "queer note", "shinplaster" or "wallpaper".

bad penny :
someone or something that's undesirable, especially when recurrent.

bag :
the cloth sacks in which coin are stored and transported.

bag mark :
a mark on a coin transferred from contact with other coins, especially when collected in a pocket or pouch.

bag toning :
discoloration acquired from the storage bag for coins.

bank-wrapped rolls :
rolls of coins wrapped in paper cylinders at a Federal Reserve Bank from original Mint bags.

base metal :
the core metal that's overlaid by another metal; the principal metal underlying a coating by another metal. Also, the principal metal of an alloy. Also, any common or ignoble metal, which will readily oxidize or go into solution, such as copper and tin, zinc and lead.

basining :
the process of removing marks from a die, which is then polished to a mirrored surface.

bas-relief :
relief sculpture wherein the figures project slightly from the background; as derived from Italian [basso rilievo] for "low relief".

bell-metal :
an alloy of copper, zinc, and tin that's used to manufacture bells and other cast metal objects.

billet :
a comparatively narrow, generally square, bar of steel, especially one rolled or forged from an ingot; a narrow bloom.

billon :
an alloy used in coinage, consisting of gold or silver with a larger amount of base metal. Also, an alloy of silver with copper or the like, that's used for coins of small denomination. Also, any coin struck from such an alloy.

bi-metallic :
a coin composed of two different metals, each bonded to the other.

bit :
informal reference to an amount equivalent to 12.5 cents, which is only used in even multiples; as derived from a former small silver coin of Spain and Spanish America that was worth one-eighth of a real. [nb: Spanish real is equal to one-eighth of a peso]

blank :
the common term for the smooth unmarked piece of metal upon which a coin design is stamped; a flat disk of metal before it is struck by the dies and made into a coin; properly known as a 'planchet'.

blended :
an element of a design that's been worn into another element on a coin's surface.

bloom :
a powdery deposit or coating occurring on the surface of minted coins, which adversely affects their appearance. Also, a clouded or dull area appearing on a polished or shiny surface; such dampening is sometimes called "chill". Also, any of certain minerals occurring as powdery coatings on rocks or other minerals. Also, to make an ingot into a bloom; a piece of steel, square or slightly oblong in section, reduced from an ingot to dimensions suitable for further rolling. Also, a large lump of iron and slag, of pasty consistency when hot, produced in a puddling furnace or bloomery, and hammered into wrought iron.

bourse :
a coin show.

bourse floor :
the area where a coin show occurs.

bracteate / bracteose :
a thin coin, struck only on one face, the pattern of which design shows through on the reverse face.

branch mint :
a subsidiary mint affiliated with the main mint of a country; in the United States, any government mint other than the Philadelphia Mint.

brass :
any of various non-ferrous metal alloys consisting mainly of copper and zinc, in colors varying from amber to lemon, metallic yellow to reddish yellow.

brassage :
a charge to cover the costs of coining money; as derived from 'brew', stirring melted metals prior to casting.

brilliant :
designation for a condition exhibiting full luster, which may contain extremely light toning.

brilliant uncirculated :
general reference to the excellent condition of any coin that's not been in circulation; abbreviated 'bu'.

Britannia / Britannia metal :
an alloy of tin, copper, antimony, often with zinc and bismuth admixed; as derived from the Roman name for Great Britain.

brockage :
a mint error wherein a sharp incused image is left on the next blank (planchet) fed into the chamber of the coin press; a defect or fault imposed on a coin during its minting, as derived from 'fragment'.

bronze :
any of various non-ferrous metal alloys consisting mainly of copper and tin (not exceeding 11%) in a brownish metallic color. Also, any of various other alloys having a large copper content.

brown :
characterization of a copper coin that no longer shows the red color of copper.

bu :
abbreviation for 'brilliant uncirculated'.

buck :
a dollar, or money, as derived from 'buckskin' by shortening. Also, a coin or token used as a marker.

buckled die :
a warped die that produces coins that're slightly bent.

bulged die :
a die containing a small indentation that produces coins with a bulged area.

bullion :
platinum, gold, or silver in the form of bars or other storage shapes, including coins and ingots, that trade near their intrinsic metal value.

bullion coin :
a precious metal coin that's traded at current bullion prices; a legal tender coin that trades near its melt value.

bullion value :
the value of the metal(s) comprising a coin; the current market value of the precious metal(s) contained in a coin; also known as 'intrinsic value'.

burnish / burnishing :
polishing or rubbing a metallic surface to make it shiny or lusterous, which care inhibits tarnishing but also wears away its sharp detail.

burnished strike :
coins produced from blanks (planchets) that were polished at the mint before being struck.

burnishing lines :
minute polishing lines that mar the pristine surface.

burnt :
any dull coin that has lost its luster from over-dipping.

business strike :
a regular coin produced for general circulation, as distinguished from a proof or uncirculated coin that's specially made for collectors; also called 'commercial strike', 'circulation strike', and 'regular strike'.

bust :
a portrait of a person on a coin, often in profile, and usually depicting their head and shoulders.

c :
the mint mark of the United States Mint at Charlotte, North Carolina (1838-1861) for specie. Also, abbreviation for 'carat'.

cabinet friction :
the slight wear exhibited on a coin that's been stored in a wooden cabinet.

cameo :
coins exhibiting frosted devices and lettering that contrast highly with the fields.

capital :
the wealth, whether in money or property, owned or employed in business by an individual, firm, corporation, or the like, that's used, or is capable of being used, in the production of more wealth. Also, an accumulated stock of such wealth. Also, any source of profit, advantage, power, or the like; an asset. Also, the ownership interest in a business; assets remaining after the deduction of liabilities, being the net worth of a business. [v: capital stock]

capped die :
a production error where a blank is jammed in the coin press during successive strikes, eventually forming a "cap" or "crown" that prevents further impression.

carat :
a unit of weight [200 milligrams (about 3.33 grains of troy or avoirdupois weight)] in gemstones; abbreviated 'c' or 'ct', and derived from the weight of four grains [qirat (Arabic)], as used by alchemists.

carbon spot :
a mark of carbon oxidation on the surface of a coin.

Carson City Mint :
established in 1870 at Carson City, Nevada as a result of the regional gold and silver strikes, its operations were discontinued in 1893; this facility used the 'CC' mint mark on coins struck there; it was also called the "CC-Mint".

cartwheel :
the visual effect of spinning luster when a shiny coin is rotated like a turning wheel. Also, slang for any large sized coin, especially the American silver dollar.

cash :
money in the form of coins or banknotes, especially that currency issued by a government. Also, any equivalent of money, as a check, money order, and the like. Also, any of several low-denomination coins of China, India, and the East Indies; as derived from the weight of precious metal. [v: cash in, cash out]

cast blanks :
smooth unmarked disks of metal (planchets) created in molds.

cast counterfeit :
replication of a coin created by molding casts of the obverse and reverse of its surfaces, then casting base metal in those molds.

CC :
the mint mark of the United States Mint at Carson City, Nevada (1870-1893) for specie.

census :
a compilation of the known specimens of all coins that are particularly collectible.

cent :
a monetary unit of exchange that's valued at one-hundredth of a dollar, which denomination has been issued by the United States since 1792; the one-cent coin is informally referred to as a 'penny'. [nb: 2¢ coins minted from 1864]

ch :
abbreviation for 'choice' condition.

challenge coin :
some organizations, including both military units and fraternal societies, began selling specially produced and serial numbered coins to unofficially raise funds for unit activities and recreation; which coins could be called forth (ie: "coining") for comparison to settle wagers and challenges, or contested to raise even more money. It is believed that the first genuine 'challenge coins' were produced by the (then) 77th Special Forces Group (Airborne) at Fort Bragg around 1957, and their popularity quickly spread to cover many other units, operations, and special events.

change :
coins of low denomination. Also, a balance of money that is returned when the sum tendered in payment is larger than the amount due. Also, money given in exchange for an equivalent of higher denomination. Also, the substitution of one currency for another of equivalent value, especially foreign exchange conversion.

Charlotte Mint :
established in 1838 at Charlotte, North Carolina to accommodate the regional Gold Rush, operations were discontinued in 1861 due to the Civil War; this facility used the 'C' mint mark on coins struck there; it was also called the "C-Mint".

chasing :
the act or art of embossing, incising, indenting, etching, or engraving on metals; a method used by forgers to alter the surface details of a coin by heating and manipulation.

choice :
designation for an especially attractive example of a particular grade of coin.

chop mark :
a notch or other mark made in a coin that indicates verification of its authenticity, especially by a banker or merchant in the Far East during the 18th or 19th centuries.

circulated :
a coin that shows wear consistent with use in commerce.

circulating medium :
any coin or note passing, without endorsement, as a medium of exchange.

circulation :
the distribution of coins to the general public for commerce.

circulation strike :
any coin struck by normal methods on ordinary blanks (planchets); also called 'business strike', 'commercial strike', and 'regular strike'.

circumscription :
a circular inscription on a coin, seal, medal, and the like; that which surrounds, encloses, or circumscribes an area (circumscribed state) delimited by a boundary.

clad :
a coin composed of metallic layers, typically copper and nickel; also called 'sandwich' or 'sandwiched'.

clad coinage :
a coin that has its core and outer layer made of different metals; all of the American circulating dimes, quarters, half dollars, and dollar coins have been clad since 1965.

clashed dies :
dies damaged by striking each other without a blank (planchet) inserted between them, which usually creates a partial obverse image on the reverse die, and vice versa.

clash marks :
portions of both obverse and reverse images appearing on both faces of a coin; coins exhibiting blended obverse and reverse images on their surfaces as a result of clashed dies.

classic era :
the period of United States coinage from 1792 until 1964.

cleaned :
a coin whose original surface has been removed.

clink :
a small crack in a steel ingot resulting from uneven expansion or contraction.

clip :
a coin struck from an uneven or irregular blank (clipped planchet). Also, to pare the edge of a coin.

clipped :
an unevenly or irregularly cut blank (planchet).

clogged die :
a die that has some contaminant lodged in the recessed areas creating coins with diminished detail.

close collar :
the edge device, also known as a 'collar die', that surrounds the lower (anvil) die so as to restrain the expansion of the metallic blank (planchet) while being struck.

coin :
a flat piece of metal issued by the government as money. Also, metal formed into standard shapes with various surface designs for use as medals or tokens.

coinage :
the metallic money of a country, its type and amount. Also, the act or process of making coins; coins collectively.

coin friction :
a rubbed area on the surface of a coin where small amounts of metal have been displaced by contact; a mark or spot resulting from coins being in contact.

coining :
the challenge of matching unit or operational coins as a gesture of fellowship or as a means of raising funds, often at a bar or other social event, using somewhat elaborate or esoteric rules. Also, the presentation of a unit, operational, or special event coin as a token of comradeship or recognition; such coins are usually not serial numbered or otherwise personalized.

coin of the realm :
see legal tender.

coin show :
a place where coins are displayed, especially someplace where dealers sell and trade coins; also called a 'bourse'.

coin silver :
silver metal having the standard fineness established (usually 90% silver and 10% copper) for purposes of coinage.

collar :
a surrounding piece of metal that restrains the expansion of the metallic blank (planchet) while being struck during manufacture.

collar die :
the edge device, also known as a 'close collar', that surrounds the lower (anvil) die so as to restrains the expansion of the metallic blank (planchet) while being struck.

commemorative :
a special coin or medal issued to honor an outstanding person, a significant place, or a noteworthy event. [v: commemorative postage stamp, commemorative monument]

commercial strike :
any coin struck by normal methods on ordinary blanks (planchets); also called 'business strike', 'regular strike', and 'circulation strike'.

commodity :
an article of trade or commerce, especially a product or quantity of goods, as distinguished from a service; something of use or of value, such as unprocessed or partially processed foodstuffs and precious metals.

common :
any issue that is readily available.

common date :
the date of an issued coin that is readily available.

complete set :
all possible coins within a series.

condition :
the physical state of a coin, represented by a grade rating or evaluation; the state of preservation of a particular coin.

condition rarity :
a common coin that's rarely found in a high grade condition.

contact marks :
small marks on a coin, generally minor, that're incurred through contact with another coin or a foreign object.

Continental :
an Americanism that was first applied to the representative assembly (Continental Congress) that met in 1774 to establish a separate union, then to the army raised under its aegis, and then to the currency issued under its auspices; the disrepute into which this fiat money fell by being unsecured or without backing was widely expressed by the comparison: "Not worth a continental!" ... being equivalent to "Not worth a plugged nickel!"

copper :
a malleable and ductile metallic element (Cu) that has a characteristic reddish brown color, which is used extensively in conducting electricity, and in plating and alloying (eg: brass, bronze, etc).

copper spot :
a mark of discoloration, usually on gold coinage, which indicates an area of copper concentration that has oxidized.

copper-nickel :
an alloy composed of copper and nickel.

copy :
a reproduction of a coin or medal.

corrosion :
damage resulting from the reaction of elements and substances upon the metal used in coins.

counter :
an imitation coin or token. Also, a coin; money.

counterfeit :
any item of currency made in imitation of the genuine article so as to deceive the public, such as a forged note or faked coin; money that's not genuine.

countermark :
a sign or device stamped on a coin after its minting; also known as 'counterstamp'. [ety: contremarque]

counterstamp :
an additional impression placed on the surface of a coin after it was initially struck at its original mint.

counting machine mark :
a dense patch of residual lines caused by the rubber wheel of a counting machine.

crooked :
a polygonal coin; as derived from askew, awry, bent, curved ... not straight. Also, dishonest; not straightforward.

crosshatch / crosshatching :
to mark or shade with a pattern of two or more intersecting series of parallel lines.

cryptocurrency / crypto-currency :
an independent digital currency (eg: bitcoin) in which encryption techniques are used to regulate the generation of units of currency, which convertability as a medium of exchange is negotiable, and to varify the transfer of funds beyond restriction or confuscation, and operating apart from a central bank or government backing. [v: crypto-security]

ct :
abbreviation for 'carat'.

cud :
an area of a coin struck by a die that has a complete break across part of its surface.

cull :
a coin of such poor condition that it's not collectible.

cupronickel / cupro-nickel :
any alloy of copper containing up to forty parts nickel.

currency :
any kind of money, from coins to paper notes, specie to scrip, that's used as a medium of exchange. Also, the circulation of money that's generally or widely accepted; the prevalent form of exchange.

currency principle :
a monetary policy that banks should only be permitted to issue notes against bullion or coin; also called 'currency doctrine'.

D :
the mint mark of the United States Mint at Dahlonega, Georgia (1838-1861) for gold coins, and later at Denver, Colorado (since 1906) for specie.

Dahlonega Mint :
opened in 1838 at Dahlonega, Georgia to accommodate the regional Gold Rush, operations at this facility were discontinued in 1861 due to the Civil War; gold coins struck at this mint used the 'D' mint mark.

date :
the numerals on a coin representing the year in which it was struck, typically situated in the exergue. Also, an inscription on a writing, coin, and so forth, that shows the time, or time and place, of writing, casting, delivery, or the like.

dealer :
someone who buys, sells, or trades collectible coins.

decry :
to condemn or depreciate by proclamation, as obsolete or foreign coins. [v: derogate]

deep cameo :
coins having deeply frosted devices and lettering so as to contrast with the fields.

deep mirror proof :
a coin having deeply reflective mirror-like fields.

denomination :
the face value assigned by a government to a specific type of coin; the different values of money, with American coins being issued as cent, nickel, dime, quarter, half dollar, and dollar.

denticles :
tooth-like devices around the rim that're exhibited on many coins.

dentils :
short form of 'denticles'.

Denver Mint :
established in 1906 at Denver, Colorado to assume production from the deactivated Carson City Mint, this facility uses the 'D' mint mark on coins struck there; it's also called the "D-Mint".

design :
a particular motif arranged and scaled for display on the surface of a coin.

designer :
the individual responsible for creating or developing the motif used on a coin; the artist who creates a coin's design; however this artist doesn't necessarily engrave that design into a coinage die.

design type :
a specific motif that may be used for several denominations or series.

device :
any particular element of a design; any specific aspect of a motif.

dibs :
money in small amounts.

die :
an engraved stamp that's used to impress a design (value, images, and mottoes) upon a blank piece of metal (planchet) in order to make a coin; an engraved stamp used for impressing a design upon some softer material, as in coining money. Also, any of various devices used for cutting or forming material in a stamping or forging machine (press).

die alignment :
the relative position of each side to the other; the proper arrangement of the obverse and reverse dies.

die break :
an uncommon defect on a coin resulting from a strike by a broken die.

die crack :
an irregular raised line on a coin resulting from a hairline break in the die.

die line :
the raised lines on a coin resulting from the polish hairlines on the die.

die rust :
an accumulation of corrosive oxidation on an improperly stored die, often rendering it unusable.

die state :
the condition of a coinage die relative to its functional lifespan.

die striations :
raised lines on a coin that was struck with polished (basining) dies.

die trial :
the test strike of a coinage die.

die variety :
a representative coin that can be linked to a given set of dies with known or established characteristics.

die wear :
die deterioration caused by extended or excessive use, resulting in less detail than desired on coins.

dime :
the cupronickel clad ten-cent coin; a monetary unit of exchange that's valued at one-tenth of a dollar, which denomination has been issued by the United States since 1796. [nb: each dime has 118 ridges around the outside edge]

dimple-texture :
an orange-peel field surface.

ding :
any small sized mark on a coin.

dip / dipped :
a mild acid wash that's intended to remove the toning from a coin; a coin that has been treated with a mild acid wash so as to remove all or most of its discoloration.

dipping solution :
a mild acid-based solution that's used to remove toning discoloration from coins.

disme :
a former coin of the United States that was initially issued in 1792, being the original spelling (archaism) of 'dime', as derived from "tenth part" (decima). [v: decimal, tithe]

doctored :
any coin that has been enhanced by some means.

dollar :
a monetary unit of exchange in the form of silver or cupronickel coinage and paper currency that consists of one hundred cents, symbolized as $, which denomination has been issued by the United States since 1792. [nb: the American monetary system of decimalization was developed by Gouverneur Morris] [nb: there are 293 ways to make change for a dollar] Also, any of the monetary units of various other nations, as Australia, the Bahamas, Barbados, Belize, Bermuda, Canada, Fiji, Guyana, Hong Kong, Jamaica, Liberia, New Zealand, Singapore, the Solomon Islands, Trinidad and Tobago, and Zimbabwe, which are equal to one hundred cents. [v: ringgit, thaler, Levant dollar / Levant thaler, peso, yuan; cf: crown / five-shilling piece]

dore / doré :
containing gold; golden or gilded.

double(d) die :
a coin that exhibits a doubling of design elements as a result of the die having been struck more than once.

double-eagle / double eagle :
a gold coin, equal to two eagles or twenty dollars, that was issued by the United States from 1849 to 1933.

double edge lettering - inverted :
a coin processed through the edge lettering device twice, such that one set of lettering is upside down.

double edge lettering - overlapped :
a coin processed through the edge lettering device twice, so that both sets of lettering are in the same direction.

double-struck :
a coin that is inadvertently struck twice when the coining press fails to eject it from the dies.

drachm / dram :
a unit of troy or apothecaries' weight equal to 60 grains, 3.89 grams, or one-eighth of an ounce. Also, one-sixteenth of an ounce in avoirdupois weight, equal to 27.34 grains or 1.77 grams; abbreviated 'dr' and 'dr avdp'.

dribs and drabs :
a colloquialism for small sums and irregular amounts; usually piecemeal, as a trickle, drop by drop, drip by drip, little by little, bit by bit, or step by step.

drift mark :
the discoloration of a coin that results from impurities in the die being transferred.

dull :
a coin that lacks luster.

Dutch gold :
a yellow-colored alloy of copper and zinc, which tarnishes easily unless lacquered; also known as German gold or Dutch metal.

dwt :
abbreviation for 'pennyweight'.

eagle :
a former gold coin of the United States, issued until 1933, that was equal to ten dollars, showing an eagle on its reverse side. Also, a gold American coin, traded for investment since 1986, that's been available in various denominations containing relative amounts of gold, showing an eagle on its reverse side. Also, a standard, seal, emblem, medallion, or the like bearing such a figure, which representation is so-called after the bird of prey.

early strike :
any one of the first coins struck from a new set of dies.

edge :
the outer border of a coin, which is considered to be the "third side" of a coin, and may feature lettering, reeding, or other ornamentation along this surface; not to be confused with the 'rim'.

edge device :
a group of letters or emblems on the surrounding outer edge of a coin.

electroless plating :
a technique of plating metal by chemical rather than electrical means, wherein the piece to be plated is immersed in a reducing agent that, when catalyzed by certain materials, changes metal ions to metal that forms a deposit on the piece.

electroplate :
to plate or coat with a metal by electrolysis (ie: the passage of an electric current through an electrolyte with subsequent migration of positively and negatively charged ions to the negative and positive electrodes). Also, items, articles, or ware that have been electroplated.

electrum :
a natural pale-yellow alloy of gold and silver. [nb: composition of the oldest extant coin, issued in Lydia, dating from before 700BC]

elements :
the particular devices that comprise a design; the various specific aspects that compose a motif.

emboss :
to raise a design on a blank (planchet) with dies of similar pattern, one the negative of the other; to decorate a surface in relief with raised or protuberant ornament.

emit :
to formally issue something, such as paper money or coinage.

engrail :
to make dots or curves, beads or scallops on the curved cylindrical edge of a coin, medal, medallion, token or the like, so as to form a decorative pattern. Also, to ornament the edge of something with curved indentations.

engraver :
an artist who sculpts the clay model of a coin's design so that the figures and lettering slightly project from the background (bas-relief) of its surface.

envelope toning :
discoloration resulting from storage in envelopes, the paper of which contains caustic, corrosive, or other reactive chemicals.

environmental damage :
erosive and corrosive damage caused by exposure to environmental elements.

error :
a specimen evincing mistakes in manufacture; a coin that was improperly produced, which defect was overlooked, allowing it to be released into circulation; an unintentional variant.

Euro :
European Currency Unit (ECU) introduced in 1979 to the Common Market, or European Economic Community. [v: European Union (1992)]

exergue :
the space below the device on a coin or medal, sometimes separated from the field by a line; the lower section of a coin or medal, usually offset, and often containing the date, mint mark, or engraver's initials.

extremely fine :
designation for a condition exhibiting nearly full detail with only the high points worn on the coin's surface.

extremely high relief :
sculptured relief that's raised to an extreme projection above the background; also called "ultra high relief".

eye appeal :
that aspect of a coin's condition that attracts the viewer's attention; the overall appealing appearance of a coin.

face value :
the sum for which a coin can be exchanged or redeemed, as opposed to its collector or precious metal value; the value of a coin as stated by its government of issue.

fair :
designation for a condition exhibiting heavy wear, with devices only partly visible.

fake :
a counterfeit or altered coin.

false :
a spurious imitation of bogus coins or forged paper money that's usually made with an intent to deceive; that which is not genuine, not properly or accurately made, which tendency misrepresents or misleads by its artificiality.

fiat money :
currency declared to be legal tender by an authoritative decree or sanction of the government, but not based on gold or silver reserves, nor convertible into specie or bullion.

field :
the portion of a coin's surface not used for design or inscription; the background to the foreground design; the blank area of a coin, other than that of the exergue.

filled gold / gold-filled :
a composition consisting of gold-plating welded to and rolled with a backing of brass or other base metal, at least one-twentieth (1/20th) of the total weight being that of the gold; to gild or coat a base metal by electroplating, the composition consisting of a layer of gold backed with a base metal; also called 'rolled gold'. [v: -leaf, -foil, -plate, -fill]

fine :
designation for a condition exhibiting worn detail that's not sharp.

finest known :
the best quality of coin available in the census.

flan :
a piece of metal shaped ready to form a coin, but not yet stamped by the die; the metal of which a coin is made, as distinct from its design; as derived from "flat cake".

flat luster :
a weak or poor luster resulting from worn dies.

flip :
a plastic sleeve in which coins are stored.

flip rub :
discoloration on the highest points of a coin design resulting from contact with a plastic sleeve ('flip').

florentine :
a background pattern of small parallel crosshatching lines.

flow lines :
the lines resulting from the outward movement of metal from the center of the blank (planchet) as it's struck by the die; also called 'metal stress lines'.

focal area :
the area of a coin that immediately attracts the viewer's attention when initially encountered.

forge :
a hearth or furnace wherein metal is heated before shaping; the workshop or smithy of a metalsmith. Also, to form metal by beating and hammering, as to pound into shape; to fashion by concentrated effort. Also, to imitate something fraudulently; to make a forgery of something.

forgery :
the production of a spurious work that's claimed to be genuine, as a coin, a painting, or the like.

foundry :
a place established to produce castings in molten metal; the process of founding (casting) metal objects.

fractional currency :
an Americanism for coins or paper money of a smaller denomination than the basic monetary unit.

freak :
an imperfect coin that was undetected at the mint and put into circulation; as derived from any abnormal product or unusual object, any deviated anomaly or aberration.

friction :
slight wear to a coin's high points or across the fields.

frost :
the intense appearance of coins struck with sandblasted dies.

frosted devices :
the raised elements on coins that have a sandblasted treatment in their recessed areas.

frosty luster :
the crystalline appearance of coins that have a sandblasted treatment in their recessed areas.

full strike :
a coin that displays all the details intended by the designer.

funny money :
aside from its primary definition of 'counterfeit currency', this is slang for Military Payment Certificate (MPC), a form of color-coded scrip [paper; not "script"] that's also called "play money" or "shinplaster", which was used as legal tender by military personnel stationed overseas during the period from World War II through the Vietnam War, in an effort to control inflation in foreign countries.

galvanism :
produced or affected by the chemical action of an electric current, as when electroplating.

gem :
slang for a superb coin.

German silver :
a white alloy of copper, nickel, and zinc that's used instead of sterling, and as a base for plating; abbreviated 'Gs', and also known as albata or nickel-silver.

gild / gilded / gilt / gilding :
thinly plated, coated, layered, covered, edged, or highlighted with Gold, gold leaf, or a substance golden in color. Also, a specious ostentation, bright aspect, or pleasing appearance which conceals something inferior or worthless. [v: gild the lily]

gilt-edge / gilt-edged :
of the best rating or highest quality, as when the edge or edges are gilded (eg: gilt-edged security), or when government backed or guaranteed (eg: gilt-edged bond).

gold :
a precious metallic element (Au) that's bright yellow in color, dense and shiny, highly malleable and ductile, and is not subject to oxidation or corrosion. Also, a monetary standard based on this metal (ie: gold standard), which is representative of wealth and riches. Also, something likened to this metal in brightness, preciousness, superiority, and so forth. [v: gold medal, gold cup, gold star, gold certificate, gold bond, gold note, golden age, golden rule, golden mean, golden section, golden anniversary, golden fleece, golden calf, golden goose, golden handshake, golden handcuffs, golden parachute]

gold bullion standard :
a gold standard in which gold is not coined but may be purchased at a fixed price for foreign exchange.

golden calf :
money or material goods as an object of worship or pursuit, as based upon a golden idol set up by Aaron and worshiped by the Israelites [Ex. 32], and either of the two similar idols set up by Jeroboam [I Kings 12:28, 29]. [v: mammon, golden fleece, golden goose]

gold-exchange standard :
a monetary system in one country in which currency is maintained at a par with that of another country that is on the gold standard.

gold-filled / filled gold :
a composition consisting of gold-plating welded to and rolled with a backing of brass or other base metal, at least one-twentieth (1/20th) of the total weight being that of the gold; to gild or coat a base metal by electroplating, the composition consisting of a layer of gold backed with a base metal; also called 'rolled gold'. [v: -leaf, -foil, -plate, -fill]

gold reserve :
the stock of gold held by a central bank or sovereign government to back its promissory notes or currency, or to settle its international debts.

gold standard :
a monetary system with gold of specified weight and fineness established as the official unit of value for exchange.

good :
designation for a condition exhibiting little detail but outlines the major devices.

grade :
a rating that indicates how much a particular coin has been worn by circulation. The American Numismatic Association (ANA) scale grades coins in measurements from "About Good - 3" to "Perfect Uncirculated - 70". Uncirculated coins may vary to some degree because of blemishes, toning, or slight imperfections.

grading :
the process of rating or evaluating the condition of a particular coin.

grain :
the smallest unit of weight in avoirdupois, equal to 0.0648 gram or 0.002285 ounce in the United States and British system. Also, a unit of weight equal to 50 milligrams or one-quarter carat, as used for genstones. Also, any of the individual crystalline particles forming a metal.

gram :
a metric unit of mass or weight equal to 15.432 grains or 0.001 kilogram; abbreviated 'g' or 'gr'.

Gs :
abbreviation for German silver.

hairline / hairlines :
tiny lines or fine scratches on coin surfaces, which are usually caused by cleaning or polishing.

half-cent / half cent :
a U.S. bronze coin equal to one-half cent, that was issued at various periods between 1793 and 1857.

half-dime / half dime :
a U.S. silver coin equal to five cents, issued 1794 through 1805 and 1829 through 1873.

half-dollar / half dollar :
informal reference to the fifty-cent silver or cupronickel coin, a U.S. monetary unit of exchange that's valued at one-half of a dollar.

half-eagle / half eagle :
a gold coin of the U.S., discontinued in 1929, equal to five dollars.

half roll :
any roll containing half the usual number of coins

hammer die :
the upper die in the coin press, which is usually the obverse coin face.

hard cash :
actual money, as distinguished from checks or credit. [v: hard-asset; cf: fiat money]

hard currency :
money that is backed by gold reserves and is readily convertible into foreign currencies. [v: hard-asset; cf: fiat money]

hard times token :
any of a series of U.S. copper tokens, issued 1834-41, bearing a political inscription or advertising message, and serving as currency during coin shortages.

haze :
a cloudy film on a coin, whether original or added.

head / heads :
the obverse of a coin, as bearing a major depiction, primary figurehead, or other principal representation ... as opposed to tail / tails. Also, the front of a coin or medallion positioned face upwards. [v: front / back, top / bottom, obverse / reverse]

high end :
any coin rated at the upper end of a particular grade.

high relief :
sculptured relief that's sufficiently raised so as to strongly project the mass of the image from the background.

holder toning :
discoloration of a coin acquired as a result of storage in any type of holder.

hub :
the steel device from which a die is produced; a design of hardened steel in relief that's used as a punch in making a coin die. Also, a die forced into a metal blank, as to stamp a metal blank with a die; perhaps derived as a variant of 'hob'.

impaired proof :
a formerly proof-quality coin that is no longer in 'proof' condition (eg: circulated proof).

incomplete strike :
a coin that's missing design detail due to a striking process problem.

incuse :
the part of a coin's design that's depressed into the surface of the field; any design motif that's indented below the plane of the background, from which the relief motifs project; to indent by hammering or stamping, as an impressed figure or design in a coin.

Indian Head cent :
a one-cent coin featuring an Indian head motif that was issued by the United States from 1859 until 1909.

ingot :
a mass of metal cast in a convenient form for shaping, remelting, or refining; as derived from "pour or flow into a mold".

inscription :
the lettering in the field of a coin, medal, medallion, token, or the like; words stamped on a coin or medal; also called 'legend'.

intrinsic value :
the value of the metal(s) comprising a coin; the current market value of the precious metal(s) contained in a coin; also known as 'bullion value'.

investable / investible :
an object that's suitable as an investment, such as a rare coin or precious metal.

iridium :
a precious metallic element (Ir) resembling platinum, as used in platinum alloys and for the points of gold pens; derived from "rainbow" (iris), so named from its iridescence when dissolved in hydrochloric acid.

issue :
to mint, print, or publish for sale or distribution; to deliver for sale or use, as to put into circulation.

jingle :
slang for a mix of coins, from the clinking or tinkling sounds made when making contact; coins collectively, regardless of their denomination.

jugate :
the overlapping of two or more portraits on the face of a coin, medal, medallion, token, or escutcheon.

k :
abbreviation for 'karat'.

karat :
a unit of measure used for designating the fineness of gold, with pure gold being 24 karats fine; abbreviated 'k' or 'kt', and derived as a spelling variant of 'carat'.

key coin :
the most important coin in a particular series.

key date :
a scarce coin date that's required to complete a collection; a date that's typically more difficult for the collector to find and afford.

klippe :
a square- or lozenge-shaped coin; as derived from 'cut'.

kt :
abbreviation for 'karat'.

lamination :
a piece of metal that has nearly become detached from a coin.

legal tender :
currency that may be lawfully presented as payment of a debt, such as paper money, Federal Reserve notes, or coins; coins, bills or banknotes, and other currency that's been issued by a government as official money for the payment of debts and the exchange of commerce.

legend :
the principal lettering on a coin, medal, medallion, token, escutcheon, and the like; also known as 'inscription'.

lettered edge :
a coin edge that displays an inscription, legend or motto; a design element along the edge of a coin, other than reeded or plain.

Liberty :
a symbolic female figure who personifies freedom from despotism, as used in many coin designs.

Liberty Head silver dollar :
informal reference to the one-dollar coin featuring the personification of Liberty that was issued by the United States from 1878 until 1904, and again in 1921; also called the 'Morgan dollar'.

light line :
the band of light appearing on photographs of coins.

Lincoln cent :
a one-cent coin featuring a bust of Abraham Lincoln, designed by Victor D. Brenner, that was first struck by the United States in 1909.

Lincoln Head penny :
informal reference to the Lincoln cent.

lint mark :
a repeating depression on a coin that was caused by a thread adhering to a die during striking.

loupe :
a small magnifying glass used to examine coins.

low relief :
see bas-relief.

luster :
the flow lines of a coin reflecting the glossy brilliance of light.

lustrous :
shining or brilliant; coins that retain their original mint bloom.

mammon :
riches or material wealth; as derived from a personification of riches in the form of an evil spirit or heathen deity. [v: Matthew 6:24; Luke 16:9, 11, 13]

mammonism :
the greedy pursuit of riches.

marks :
imperfections acquired after striking the coin.

master die :
the principal production die of the master hub, from which many working hubs are created.

master hub :
the original hub created by the portrait lathe, which is then used to create master dies.

maundy / maundy money :
money distributed as alms, especially as part of the ceremonial observance of Maundy Thursday during Holy Week; as derived from Jesus' mandate to His disciples after washing their feet and sharing the Last Supper.

medal :
a metal object resembling a coin, but with no stated value, and that's not intended to circulate as money, which has been issued to recognize an event or place, a person or group. [nb: it's illegal to deface, disfigure, or deform U.S. currency; furthermore, the size and weight of commemorative medallions or commercial tokens must be other than that of U.S. coinage]

medallion :
a large medal. Also, an ornament resembling a medal; a metallic token resembling a 'coin' but intended to be used in non-monetary applications or non-commercial exchanges. [nb: it's illegal to deface, disfigure, or deform U.S. currency; furthermore, the size and weight of commemorative medallions or commercial tokens must be other than that of U.S. coinage]

medium of exchange :
anything that people agree has a certain value; something generally accepted as representing a standard of value and able to be traded for goods and services.

melt :
informal reference to the intrinsic value of the metal(s) comprising a particular numismatic item; the reduced or rendered worth of a coin, regardless of its artistic or historic value.

Mercury dime :
informal reference to the ten-cent coin featuring the personification of Winged Liberty that was issued by the United States from 1916 until 1945.

metal :
any of a class of elementary substances, all of which are crystalline when solid, and many of which are characterized by opacity, ductility, conductivity, and a unique luster when freshly fractured; usually pure or admixed (alloy).

metal stress lines :
radial lines that result from the metal flowing outward from the center of the blank (planchet) during the minting process; also called 'flow lines'.

mill :
a factory established for certain kinds of manufacture, especially one equipped with machinery for grinding, pulverizing, crushing, or rolling raw materials. Also, any of the various apparatuses used for shaping materials or performing other mechanical operations. Also, any of various machines that modify the shape or size of a workpiece by mechanical rotation; to grind, cut, work, treat, or shape with a mill / milling machine. Also, a blank that's been struck by a mill or press, and finished with either a raised edge (eg: penny, nickel) or transverse ribs and grooves (eg: dime, quarter). Also, a unit of monetary value equal to 0.001 of a U.S. dollar, being one-tenth of a cent, as used at various times and places in the United States as a money of account, especially in certain tax rates; derived from Latin for a thousandth part.

milling :
the process of making a raised edge on a coin or the like; or the process of making narrow, radial grooves on the raised edge of a coin or the like. Also, any number of edge grooves so made.

milling mark :
a mark resulting from the reeded edge of one coin contacting the surface of another.

minor coin :
a coin made of base metal.

mint :
a place where coins, paper currency, special medals, and the like are manufactured or fabricated under government authority; the place where various metals are transformed by stamping into the coins of a country under government authority, wherein each facility thereof distinctively marks its products. Also, any commercial coin production facility. Also, unused condition, or appearing to be newly made and never used. Also, a vast amount, especially of money. [ety: Roman money coined at the Temple of Juno]

mintage :
the quantity of coins produced (coinage) by a mint; the number of coins of a particular date struck at a given mint. Also, a stamp or character impressed. Also, the charge for or cost of minting or coining.

mint luster :
the dull, frosty, or satiny shine found on uncirculated coins.

mint mark / mintmark :
a small symbol or letter (ie: P, S, D, W, C, CC, O) on a coin (often situated in the exergue) that identifies which of the United States Mint facilities struck any particular coin.

mint set :
a complete set of uncirculated coins of each denomination produced by a particular mint in any given year.

mint state :
a business strike coin in uncirculated condition.

mishandled proof :
a proof coin that has had its pristine condition reduced by polishing, cleaning, circulation, or any other mistreatment.

missing edge lettering :
a coin that doesn't display any of the intended design on its surrounding edge.

misstrike / mis-struck :
a coin having the design stamped off-center; any error coin that features irregularities from striking.

mite :
any very small sum of money; as derived from an ancient copper coin [myte] of very little value. Also, a coin of very little value. Also, a contribution that is small but is all that a person can afford. Also, any very small object.

monetize :
to give the character of money; to legalize as money. Also, to coin into money, as when converting gold metal into money as a medium of exchange. Also, to convert a debt, especially the national debt, into currency, as by issuing government securities or notes. [v: monetization]

money :
any circulating medium of exchange, including coins, paper money, and demand deposits; gold, silver, or other metal in pieces of convenient form stamped by public authority, and issued as a medium of exchange and measure of value; a particular form or denomination of cash or currency. Also, any article or substance used as a medium of exchange, measure of wealth, or means of payment; capital funds to be borrowed, loaned, or invested. Also, pecuniary value, sum, or profit, including property; monies, wealth, affluence, assets, or riches.

moneychanger / money-changer / money changer :
a person whose business is the exchange of currency, usually from different countries, at a fixed or official rate. Also, a portable device consisting of conjoined vertical tubes used for temporarily housing coins of different sizes, with a mechanism for dispensing change, usually having a clip for attachment to a person's belt.

money of account :
(forthcoming)

moneyer :
archaic term for a person employed in the authorized coining of money; a coiner or minter. Also, obsolete term for a moneylender or banker.

moneylender :
a person or organization whose business it is to lend money at interest. [cf: usury / usurer]

money of account :
a monetary denomination used in reckoning, especially one not issued as a coin, such as the U.S. mill.

money tree :
a fanciful tree that sheds coins or money when shaken; an artificial tree-like structure that's emplaced at a public gathering so paper money may be attached to its branches as a charitable donation to a worthy cause. Also, by analogy, any good source of funds or revenue. [v: pot of gold, gold mine]

Morgan dollar :
informal reference to the one-dollar coin featuring the personification of Liberty that was issued by the United States from 1878 until 1904, and again in 1921; also called the 'Liberty Head silver dollar'.

mottled toning :
uneven discoloration of a coin.

motto :
a guiding word or phrase inscribed on a coin that expresses a widespread principle, such as the national maxim 'E Pluribus Unum' ("out of many, one") inscribed on all U.S. circulating coins.

MPC :
Military Payment Certificate, a form of color-coded scrip [paper; not "script"] that's also called "play money" or "shinplaster", which was used as legal tender by military personnel stationed overseas during the period from World War II through the Vietnam War, in an effort to control inflation in foreign countries.

mule / mule error :
a matching mistake wherein the obverse die is of one coin design and the reverse die is of a different coin design; a hybrid coin having the obverse of one issue and the reverse of the succeeding issue, or vice versa.

Muntz metal :
an alloy of copper (55%-61%) with zinc (39%-45%); also called "alpha-beta brass", and named after its inventor, G.F. Muntz, a 19th century English metallurgist and manufacturer.

mutilated :
a coin that's been so baddly damaged that it can no longer be graded for valuation.

Mylar™ :
the trademarked brand name of a strong thin polyester film that's used for storing coins because it's protective and non-reactive with the metals.

negligible :
so small, unimportant, or insignificant as to be safely overlooked, disregarded, or ignored, such as small change.

new :
a coin that's never been in circulation.

new-mint / newly minted :
to mint or coin an issue afresh.

New Orleans Mint :
opened in 1838 at New Orleans, Louisiana to accommodate the regional Gold Rush, operations at this facility were discontinued in 1861 due to the Civil War, then re-opened in 1879 until finally closed in 1909; this facility uses the 'O' mint mark on coins struck there; it was also called the "O-Mint".

nickel :
informal reference to the five-cent coin struck in a cupronickel alloy; a monetary unit of exchange that's valued at one-twentieth of a dollar, which denomination has been issued by the United States since 1866. Also, a hard, silvery white, ductile and malleable metallic element (Ni) that's allied to iron and cobalt but is not readily oxidized; as derived from 'copper demon' [Swiss: kopparnickel; German kupfernickel] because it yielded none despite looking like copper.

nickel-silver :
German silver.

noble metal :
any of a number of metals that resist oxidation when heated in air, and solution by inorganic acids, such as gold or platinum.

not worth a plugged nickel :
a colloquialism for worthless or valueless, bootless or unavailing, futile or pointless, ineffectual or meretricious; also represented as "not worth a straw", "of no account", and "good-for-nothing".

numismatics :
the study and collecting of objects that are used as money, including coins, tokens, medals, and paper bills.

numismatist :
someone who studies or collects the objects that are used as money.

nummary :
of or pertaining to coins or money; dealing in coins or money.

nummular :
pertaining to coins or money. Also, having the shape of a coin, being flat and circular (round, disk-like) or oval in form; as derived from "petty cash" or "small change".

O :
the mint mark of the United States Mint at New Orleans, Louisiana (1838-1861, 1879-1909) for specie.

obsidional coin / siege piece :
a piece of gold or silver stamped as provisional legal tender in a besieged area.

obsolete :
a coin design or type that is no longer produced.

obverse :
the front side or surface of a medal, medallion, token, flag, and the like, that bears the object's principal design and is turned toward the observer, which is struck by the lower die, and is opposed to 'reverse'. Also, the front (or "heads") side of a coin, which usually features the date, mint mark, and main design.

ocher :
any of a class of natural earths, being mixtures of hydrated oxide of iron with various earthy materials, ranging in color from pale yellow to orange and red, and used as pigments. Also, obsolete term for a gold coin serving as money.

off-center :
a coin struck on a blank (planchet) that was not properly centered over the anvil; a coin that received a misaligned strike from the coin press, such that portions of its design are missing.

opposite :
the other side of two related or corresponding faces; being either complementary side of a coin.

orange-peel surfaces :
the dimple-textured fields displayed on many gold proof coins.

ore :
a metal-bearing mineral or rock, or a native metal, that can be mined at a profit; as derived from "unreduced metal". Also, a mineral or natural product serving as a source of some nonmetallic substance, such as sulfur.

original :
a coin struck from dies in the year it's dated, and has never been dipped or cleaned.

original roll :
coins of certain denominations in fixed quantities that were wrapped in paper and stored at the time of their issuance.

original toning :
natural age-related discoloration; synonymous with 'patina'.

ormolu :
any of various alloys of copper, tin, and zinc that resemble the appearance of gold, as used in jewelry and decoration; also known as mosaic gold, doré, and gilt metal. Also, anything apparently genuine but actually derivative or inferior.

osmium :
a hard, heavy, metallic element (Os) having the greatest density of the known elements, and forming octavalent compounds, used chiefly as a catalyst, in alloys, and in the manufacture of electric-light filaments; derived from 'smell', named from the penetrating odor of one of its oxides.

ounce :
a unit of weight equal to 437.5 grains, 28.349 grams, or one-sixteenth of a pound avoirdupois; abbreviated 'oz'. Also, a unit of weight equal to 480 grains, 31.103 grams, or one-twelfth of a pound troy or apothecaries' weight.

overdate :
a different date that's been punched directly over the original year on the die struck image of a coin; a coin stamped from a die altered to show a year subsequent to that for which it was cut.

over-dipped :
a coin that has become dull from too many washes in an acidic cleaning solution.

over-mintmark :
a coin with the die struck mint mark that's been altered by engraving another mint mark over it.

overstrike :
to stamp a new device, value, or inscription on a coin. Also, a coin that has been overstruck without complete obliteration of the original design; a new coin that's been produced from a previously struck coin, instead of using a blank (planchet).

P :
the mint mark of the United States Mint at Philadelphia, Pennsylvania (since 1980) for specie.

palladium :
a rare metallic element (Pd) of the platinum group, silver-white, ductile and malleable, harder and fusing more readily than platinum, used chiefly as a catalyst and in dental and other alloys; named after the asteroid Pallas, then (1803) newly discovered. [v: Palladion, a statue of Athena / Pallas Athena]

partial edge lettering :
a coin that has at least one complete letter or element missing on its surrounding edge.

passable :
capable of being legally circulated, or having a valid currency, as a coin.

patina :
a film or coating of color on the surface of exposed metal, as caused by oxidation, and often highly esteemed as being of aesthetic value; synonymous with 'original toning'.

pattern :
a coin, either the redesign of an existing piece or the model for a new one, submitted for authorization as a regular issue; an experimental or trial piece, generally of a new design or different metal.

pedigree :
a coin's provenance; citing of a coin's history and ownership.

pence :
a plural of penny, which Briticism is used to refer to a sum of money, rather than to the coins themselves.

penny :
informal reference to the one-cent bronze coin; a monetary unit of exchange that's valued at one-hundredth of a dollar, which denomination has been issued by the United States since 1792. Also, a sum of money, such as a "pretty penny" or "honest penny". [v: penny stock; cf: bad penny] [nb: 2¢ coins minted from 1864]

a penny for your thoughts :
a colloquialism inviting a companion to share a confidence; an invitation to speak one's innermost considerations, as addressed to a pensive or bemused person; a request for someone in a "brown study" to reveal their private concerns. This phrase is humorously represented in John Heywood's Proverbs (1546) where one's most engrossing thoughts are ironically worth the least amount of money.

pennyweight :
a unit of 24 grains or 1/20 of an ounce in troy weight; abbreviated 'dwt' or 'pwt'.

peripheral toning :
discoloration around the margin or edge of a coin.

peso :
a former silver coin of Spain and Spanish America, equal to eight reals; as derived from 'weigh', the weight of something. [v: piece of eight, piaster, dollar] [nb: due to British currency restrictions, Spanish money was used in colonial America before the United States established its first mint]

pewter :
originally composed of tin and lead, this dull gray malleable alloy is composed of tin and antimony.

Philadelphia Mint :
opened in 1792 at Philadelphia, Pennsylvania for the production of United States specie, as authorized by the Constitution in 1787; coins struck at this facility were unmarked until 1980, when it began using the 'P' mint mark; it's also called the "P-Mint".

picayune :
in the southern-most early American territories (eg: Louisiana, Florida, etc), a coin equal to half of a Spanish real; derived by reference to the striking of small copper coins (picaioun). Also, any small coin, such as a five-cent piece. Also, anything of little value, of trifling account, or of small amount. Also, an insignificant person or thing. Also, petty, carping, narrow-minded, or prejudiced.

piece :
a coin, such as a five-cent or ten-cent piece.

piedfort / piefort :
a coin, medallion, token, or pattern struck on a blank (planchet) thicker than that used for regular issue; designating 'double thick'; as literally derived from 'foot' + 'strong'.

pile :
the lower (reverse) of two facing dies for coining by hand. Also, a large accumulation of money.

pinchbeck :
an alloy of copper and zinc that's used in imitation of gold. Also, any sham, fraud, or imitation.

pine tree shilling :
a silver coin minted in Massachusetts in the mid- to late-17th century that's named for the pine tree within a circle motif that's shown on the obverse side of the coin.

plain edge :
a flat, smooth surrounding edge on a coin; unmarked and undecorated.

planchet :
the blank piece of metal (generally disk-shaped) onto which a coin design is stamped; a coin blank.

planchet defects :
various abnormalities found on coin blanks (planchets), including drift marks, laminations, cracks, clips, and so forth.

planchet flaw :
an irregular hole in a coin blank (planchet).

planchet striations :
fine incuse lines that're found on coins, usually as a result of polishing blanks (planchets) so as to impart mirror-like surfaces before the design is struck.

plate :
obsolete term for a silver coin.

plated / plating :
the application of a thin layer of metal to a core or base in order to inexpensively create an attractive coin or medallion.

platina :
a native alloy of platinum with palladium, iridium, osmium, and other white metals; as derived from "silver-like element".

platinum :
a heavy, highly malleable and ductile metallic element (Pt) that's resistant to most chemicals, practically unoxidizable, fusible only at extremely high temperatures, and colored a grayish white with a very slight bluish tinge when compared to silver; a precious or noble metal that's used for making chemical and scientific apparatus, and in jewelry. [ety: by alteration of earlier platina]

plug / plugged :
a core or interior segment taken from a larger matrix; to remove a core or small plug-shaped piece, as when a hole in a coin has been filled with a base metal to replace a more valuable metal. [eg: plugged nickel]

polished die :
a die that's been polished (basining) to remove clash marks or other defects.

poor :
designation for a condition exhibiting readable date and mint marks on a coin, but little more.

porous :
a rough or granular surface; a coin with an eroded face(s).

pot metal :
an admixture of scrap metals used as a base for plating; term derives from the crucible used to blend the constituent ingredients.

pound :
a unit of weight and of mass, varying in different periods and countries; as literally derived from "by weight". Also, an avoirdupois unit of weight (lb / #) equal to 7000 grains, divided into sixteen ounces, as used for ordinary commerce. Also, a troy unit of weight equal to 5760 grains, divided into twelve ounces, as used in the U.S. (and formerly in Great Britain) for gold, silver, and other precious metals. Also, an apothecaries' unit of weight equal to 5760 grains, divided into twelve ounces. Also, any of the monetary units of various countries, as Cyprus, Egypt, Ireland, Lebanon, Sudan, Syria, United Kingdom, and of certain Commonwealth of Nations countries; and a former monetary unit of Israel, Libya, Nigeria, and Turkey.

pr :
abbreviation for 'proof'.

precious metal :
a metal of the gold, silver, or platinum group.

premium quality :
coins deemed to be the best specimens within a particular grade.

presentation strike / presentation striking :
a coin that's been specially struck for bestowal to a dignitary or other honored person.

press :
any of the various machines used to produce coins.

pretty penny :
a considerable sum of money.

pristine :
flawless coins in original condition; a prime specimen.

proof :
one of a limited number of coins of a new issue that have been struck from polished dies on a blank having a polished or matte surface; a specially produced coin that's made from highly polished (basining) dies and blanks (planchets), which are often struck more than once in specially adapted coining presses to accent the design. Proof coins receive the highest quality strike possible and can be distinguished by their mirror-like background and frosted foreground, bringing forth the most minute details with remarkably sharp clarity.

proof dies :
dies that're specially prepared by sandblasting or acid-picking for use in striking proof coins.

proof-like :
any coin that has mirror-like surfaces.

proof-only issue :
a coin designed for proof production only, without any business strike coins produced in the same design.

proof set :
a complete set of proof-quality coins of each denomination that're made during a particular production year.

put-together roll :
a roll of selected coins; a roll of coins assembled from picked-over specimens in imitation of an original roll from the mint.

PVC damage :
a film residue left on a coin after being stored in a plastic holder (flip) that contains polyvinyl chloride (PVC).

PVC flip :
a soft plastic coin holder (flip) that contains polyvinyl chloride (PVC).

pwt :
abbreviation for 'pennyweight'.

pyx / pix :
a box or chest at a mint into which specimen coins are deposited and reserved for trial by weight and assay; also called "pyx chest".

quarter :
informal reference to the twenty-five-cent coin ("two-bits"); a monetary unit of exchange that's valued at one-fourth of a dollar; as derived from a 'fourth part'.

quarter-eagle / quarter eagle :
a gold coin of the United States that's valued at one-fourth ($2.50) of an eagle, as issued from 1796 through 1929.

questionable toning :
color on a coin that may not be original.

radiate / radiating :
having rays extending from a central point or part, often symmetrically, as a coin showing a radiate head.

rainbow toning :
discoloration on a coin that's multi-hued.

rare / rarity :
coins that are scarce or uncommon in availability; a coin within a series that's very difficult to locate.

rays :
the lines in a coin design that represent sunbeams or sunrays.

real :
a former silver coin of Spain and Spanish America, being the eighth part of a peso; ostensibly derived from 'regal' or 'royal', but probably a simple affirmation of authenticity. Also, genuine or authentic; not counterfeit, artificial, or imitation. Also, money or income, funds or worth, as measured in actual purchasing power rather than in nominal value. [v: realia]

red :
characterization of a copper coin that retains 95% or more of its original color.

red-brown :
characterization of a copper coin that retains 5% to 95% of its original color.

reed :
to make narrow vertical grooves or parallel convex flutes on the edge of a coin, medal, medallion, token, or the like.

reeded edge :
a small convex molding of parallel vertical grooves set into the edge surrounding some coins (eg: dime, quarter, half dollar, dollar); often used as ornamentation or decoration on medals and medallions, but instituted on coinage to prevent theft by edge trimming or shaving.

reeding mark :
a mark on the surface of a coin from contact with the reeded edge of another coin.

regular issue :
coins struck for commerce; a business strike coin produced for general circulation.

regular strike :
any coin struck by normal methods on ordinary blanks (planchets); also called 'business strike', 'commercial strike', and 'circulation strike'.

relief :
the part of a coin's design that's raised above the surface of the field; any design motif that's elevated above the plane of the background, from which the incuse motifs descend. Also, the relative height of the devices of a design in relation to the background fields.

remedy :
a certain allowance or tolerance at the mint for deviation from the standard weight and fineness of coins.

render :
to melt down; to extract impurities by melting, especially for industrial use. Also, to pay as due; to present for payment. Also, to provide due reward.

replica :
the reproduction of a particular coin.

restrike :
a coin that's minted using the original dies but at a later date; a coin freshly minted from dies of an earlier issue.

retoned / re-toned :
a coin that's been dipped or cleaned, and then has re-acquired its tone.

reverse :
the back (or "tails") side of a coin, which usually features the secondary design, as opposed to 'obverse'; the back side or rear of a coin, medal, or the like, that does not bear the principal design, which is the side struck by the upper die.

riddler :
a machine that screens-out blanks (planchets) of the wrong size or shape for production consistency; the automatic winnowing or sifting of unsuitable blanks for pressing.

rim :
the raised edge on both sides of a coin that helps protect the coin's design from wear; also called a 'rolled edge', such a raised edge is created by the 'upsetting mill'.

rim nick :
a mark or ding on the raised rim of a coin.

ring :
an eminating sound; to test the authenticity of a coin or other metal object by the sound it produces when struck against something. [v: the ring of pure silver, the ring of solid gold]

roll :
coins of the same denomination that've been packaged by banks or mints, dealers or merchants, with the number of coins contained in each paper-wrapped roll varying by denomination: 50 cents, 40 nickels, 50 dimes, 40 quarters, 20 half dollars, and 25 dollars.

rolled edge :
a synonym for 'rim'.

rolled gold :
see filled gold / gold-filled.

roller marks :
the mostly parallel incuse lines exhibited on some coins after striking.

roll friction :
minor marks exhibited on coins that've been stored in rolls.

rouleau :
a stack or roll of coins that have been put up in cylindrical form in a paper wrapping.

royal :
any of various former coins, as the real or ryal, sovereign or stater, solidus / bezant or sceat / sceatta, representing coinage issued under sovereign authority.

rub :
the effect of slight wear to the surface of a coin.

S :
the mint mark of the United States Mint at San Francisco, California for specie.

sandblasted :
decorative stippling introduced by air- or steam-driven sand against a firm surface, resulting in a 'frosty' or 'frosted' effect.

sandblasting :
an irregular grainy or pebbly design left on metal and other hard surfaces (eg: glass, stone, etc) when a blast of sand laden air or steam is used to decorate, clean, grind, or cut such materials.

sandwich / sandwiched :
slang for a coin composed of metallic layers, with its core and outer layer made of different metals; also called 'clad' ... all of the American circulating dimes, quarters, half dollars, and dollar coins have been sandwiched since 1965.

sandwich coin :
a coin having a layer of one metal between outside layers of another metal, as a quarter with a layer of copper between layers of silver.

San Francisco Mint :
opened in 1854 at San Francisco, California to accommodate the 1849 Gold Rush, and operating until 1955, then re-opening in 1965; this facility uses the 'S' mint mark on coins struck there; it's also called the "S-Mint".

satin luster :
a fine luster, as exhibited by many business strike coins.

scissel :
scraps of waste metal clippings and strips that're produced during the manufacture of coins; the clipped remains of a strip from which coin blanks have been cut. [v: chisel]

scratch :
a line or mark that detracts from the appearance of a coin, and is more severe than a hairline.

second toning :
any discoloration of the surface after a coin has been dipped or cleaned.

seigniorage / seignorage :
a charge levied on bullion that has been brought to the mint to be coined; the difference between the cost of the bullion plus minting expenses and the monetary value of the pieces coined, constituting a source of government revenue. Also, that which is claimed by a sovereign or superior as a prerogative.

semi-common :
coins that are available somewhere between common and rare.

semi-proof :
a coin finish that mixes some mirror-like surface with some satin or frosty luster.

series :
a collection of coins that includes all of the date and mint marks of a specific coin design and denomination used over a particular period.

serrate / serrated :
a coin, medal, medallion, token, or the like having a notched or grooved edge; as derived from 'saw'.

set :
a collection of coins, as in a series, or of types, or from a particular mint.

shield :
the shield-shaped emblem used as a symbol on some coins.

shilling :
any of various coins and moneys of account that were used in various parts of the United States during the 18th and 19th centuries. Also, a former monetary unit of various nations, including Australia, Fiji, Ghana, Ireland, Jamaica, New Zealand, Nigeria, and the United Kingdom; a monetary unit of Kenya, Somalia, Tanzania, and Uganda.

shinplaster :
an Americanism for money of little value, as that issued on insufficient security. Also, any piece of paper money of a denomination lower than one dollar. Also, slang for Military Payment Certificate (MPC), which is also called "play money" because it's color-coded.

shortchange :
to cheat or defraud by giving less than the correct change; to return or remit less money than is due.

shotgun rolls :
rolls of coins that contain twice as many coins as are contained in regular paper-wrapped rolls, and are closed by machine-crimped folds, in a manner similar to the end of a shotgun shell.

shroff / sharoffe :
a native expert in the Far East, especially China, employed to test coins, separating the base from the genuine specimens. Also, a banker, moneylender, or moneychanger, especially in India, with this facility.

siege piece / obsidional coin :
a piece of gold or silver stamped as provisional legal tender in a besieged area.

silver :
a white, ductile, metallic element (Ag); a lustrous precious metal used as a commodity or a currency standard. Also, a monetary standard based on this metal (ie: silver standard), which is representative of wealth and riches. [v: silver star, silver medal, silver certificate, silver age, silver anniversary, silver spoon, silver-tongued]

silver-exchange standard :
a monetary system in one country in which currency is maintained at a par with that of another country that is on the silver standard.

silver standard :
a monetary system with silver of specified weight and fineness established as the official unit of value for exchange.

slab / slabbed :
a nickname for some of the protective coin encapsulation methods, especially those holders that're rectangular and permanently sealed.

slug :
a coin-like metal disk used as a token of limited exchange [eg: $50 gold California token (1849)]. Also, a counterfeit coin. Also, any piece of crude metal, especially a small piece that's ready for processing. [nb: it's illegal to deface, disfigure, or deform U.S. currency; furthermore, the size and weight of commemorative medallions or commercial tokens must be other than that of U.S. coinage]

small change :
coins of lesser denomination.

speaking type :
a device on a medal or coin that has a punning reference to a person or thing. [cf: canting, rebus]

specie :
coined money. Also, in the same kind; as specified in the identical size, shape, form, and so forth. [cf: fungible]

splash / splash minting :
a method of striking large, high-relief medallions wherein the metal in the chamber is not bound by a rim nor contained by a collar, thus allowing it to spread out naturally when struck more than once, with the excess metal trimmed away on a lathe; first used in ancient Greece to produce large Ptolemaic bronze coins, this method of deeply impressed blanks (planchet) still manufactures thick (4-6mm) oversized medals and medallions.

splotchy toning :
uneven surface color on a coin.

spot :
a discolored area on a coin.

standard :
something considered by an authority or by general consent as a basis of judgment or comparison. Also, something that's regarded as the usual or most common size or form of its kind; the regular, normal, or average type, requirement, quality, quantity, level, grade, or the like, which may be further subdivided or graduated. Also, those habits, guidelines, or principles that are regarded by custom or authority as approved or acceptable; the exemplar of a unit of weight or measure. Also, a certain commodity by which a basic monetary unit is stated (cf: gold standard, silver standard, bimetallism, monometallism). Also, the legally established content of full-weight coins; the prescribed degree of fineness for gold or silver.

standard coin :
a coin having value in bullion at least equal to its face value.

standard dollar :
the basic monetary unit of the United States of America, having value in bullion at least equal to its face value; containing 25.8 grains of gold (0.900 fine) until 31 January 1934, thereafter containing 21 grains of gold (0.900 fine). [v: silver certificate, gold certificate, gold note, gold bond]

standard money :
money made of a metal that has utility and value apart from its use as a unit of monetary exchange, such as 'standard coin' or 'hard currency'. [nb: by definition, money has four basic characteristics: a medium of exchange, a unit of account, a store of value, and a standard of deferred payments] [v: silver standard, gold standard, gold bullion standard, gold-exchange standard, gold point, gold reserve, hard-asset; cf: fiat money, flash money]

steel cent :
common name for the 1943 U.S. one-cent piece.

stella :
a four-dollar pattern coin of the United States, issued 1879-80, that was designed to be used as an international coin, having a metal content based upon the metric system.

sterling / sterling silver :
a composition of 925 parts of pure silver with 75 parts of copper; as derived from the fineness 'star' mark used on some of these mintages. Also, British currency. Also, anything of superb excellence or anyone of outstanding worth; that which is first-rate. [nb: the standard of fineness for coins in the United Kingdom is 0.91666 for gold and 0.500 for silver]

stipple / stippling :
to engrave by means of dots or small marks; the decorative use of small dots or spots.

strike / struck :
the process of stamping or punching a coin blank (planchet) with a design; the minting of a coin. The strength of the imprint (full, average, or weak) affects the grade and value of rare coins. Also, a quantity of coins struck at one time.

strike thru / struck thru :
an error caused by the interference of a foreign object introduced between the dies and the blank (planchet).

strip :
the flat metal stock from which blanks (planchets) are cut.

stumer :
slang for something bogus or fraudulent, especially a counterfeit coin or bill. [v: rubber check]

subsidiary coin :
a coin, especially one made of silver or sandwich metal, having a value less than that of the monetary unit represented. [cf: minor coin, fiat money]

super note :
informal reference to counterfeit currency that's been forged so well that it's actually superior to the scrip quality normally produced by a (Third World) nation; specimens typically incorporate all anti-counterfeiting precautions, such as security threads and microprinting, infrared marking and tonal shifting inks.

surface preservation :
a determination of the condition of a coin's surfaces.

surfaces :
the faces of a coin; obverse and reverse.

sweat :
to remove small bits of metal from gold coins by shaking them against one another, as in a bag. [cf: clip]

sweating :
a procedure in which coins are placed in a bag that's then vigorously shaken so as to knock-off small pieces of metal, which scraps are then melted and reused; this procedure produces small nicks in the original coins.

tail / tails :
the reverse of a coin, as bearing a minor depiction, secondary figurehead, or other inferior representation ... as opposed to head / heads. Also, the back of a coin or medallion positioned face upwards. [v: front / back, top / bottom, obverse / reverse]

tarnish :
a metallic surface that's dulled or discolored by oxidation; a luster that's diminished or stained. Also, to sully or blemish the purity of something, especially character or reputation.

T-bill :
treasury bill, being a promissory note issued by the federal government that bears no interest and matures in one year or less.

tchotchke :
a cheap trinket or showy knickknack, such as a memento or other decorative item of little intrinsic value, including a token or medallion. [ety: tshatshke (Yiddish)]

token :
a stamped piece of metal that's been issued as a limited medium of exchange, as for bus fares or bridge tolls; a substitute for a coin. Also, a decorative piece of metal serving as a memento or souvenir. [nb: it's illegal to deface, disfigure, or deform U.S. currency; furthermore, the size and weight of commemorative medallions or commercial tokens must be other than that of U.S. coinage]

tolerance :
a permissible deviation in the fineness and weight of coins, owing to the difficulty of securing exact conformity with the standard prescribed by law; the permissible range of variation in some characteristic of an object, such as hardness, weight, dimension, or quantity; also called 'allowance'.

tombac :
a copper-zinc alloy used to imitate gold.

toning :
a discoloration on the surface of a coin that's caused by storage (transference) or aging (oxidation), which can occur in many hues.

tooling mark :
a line, usually small and fine, which results from a reworking of the die to remove unwanted elements.

trade dollar :
a silver coin of the United States, issued from 1873 to 1885, containing slightly more silver metal than the standard dollar, as used for trade with the Orient.

transfer die :
a die created from the sacrifice of an actual coin that's used as an impression model.

tressure :
an ornamental border enclosing the type on a coin or medal; as derived from braid or plait.

trime :
a former silver three-cent coin of the United States, issued from 1851 to 1873; perhaps derived as a third of a dime [tri(di)me].

troy weight :
a system of weights in use for measuring precious metals and gemstones, wherein a troy pound equals twelve troy ounces, and a troy ounce equals twenty pennyweights or 480 grains.

turn an honest penny :
to earn one's living by hard work or honest labor.

two-bit / two-bits :
twenty-five cents, especially the coin ('quarter') minted to represent this sum, being the fourth part of a dollar. Also, slang for inferior, unimportant, small-time, or of little value; as related to something worth, costing, or selling for twenty-five cents. Also, an archaism for anything embellished, made fancy or decorative; as from "penny plain, twopence coloured" for theatrical cardboard cutouts sold during and after the 18th century, and by extension, anything that can easily be enriched. Also, slang for a big or long word, being representative of a term that's polysyllabic and recondite, complex and abstruse, which word is used instead of a plain or simple expression (eg: "Never use a two-bit word when a nickel word will do.").

two cents / two-cents :
the 2¢ coin minted from 1864 to represent the sum of two pennies, as used for legal tender and alms. Also, something of little to no value; anything insignificant, trifling, or paltry. Also, an opinion, usually unsolicited and unwelcome; as "two cents worth".

type :
a specimen or example of a specific coin design in its size or content; the pattern or model from which something is made. Also, an image or figure produced by impressing or stamping, as the principal figure or device on either side of a coin or medal. Also, a distinctive or characteristic mark or sign.

type coin :
any coin of a particular design and denomination, usually one of the more common dates of any specific series.

type metal :
an alloy that consists chiefly of lead and antimony, sometimes with small quantities of tin and copper, that's used to make printing type and similar castings.

type set :
a collection of coins based upon denomination, including designs, dates, and mint marks.

ultra high relief :
sculptured relief that's raised to an extreme projection above the background; also called "extremely high relief".

ultra rarity :
a coin that exists as only a few representative examples.

unc :
abbreviation for 'uncirculated' condition.

uncirculated :
any coin that has not been used in everyday commerce, which typically indicates the qualitative grade of an unused coin's condition; abbreviated 'unc', a coin without wear. Also, a special coining process with qualitative enhancements (eg: slightly higher coining force, early strikes from dies, special cleaning after stamping, and special packaging) that're used to give a coin a brilliant finish during its manufacture.

uniface :
a coin or medal, medallion or token that has a blank reverse.

upsetting mill :
a machine that raises the rim on both sides of a coin blank (planchet) at the edge.

usurer :
a person who lends money at an exorbitant rate of interest, in excess of the legal limit; someone who demands a large amount of interest to be paid for the use of borrowed money. [v: usury]

utter :
to put coins or notes into circulation, especially counterfeit money or forged checks.

uttering :
the crime of knowingly tendering a forged instrument or counterfeit coin to another person, with an intent to defraud.

variety :
a minor change from the basic design type of a coin of the same denomination.

Very Fine :
a grading term that encompasses coins with nearly full detail down to coins with less than half detail.

vis-a-vis / vis-à-vis :
having two portraits facing each other, as depicted on a coin or medal; literally derived from "face to face".

W :
the mint mark for specie at the United States Mint in West Point, New York.

want list :
a list of desired items, such as coins, stamps, or books, that's circulated among dealers by a hobbyist, museum, or collector who's seeking to locate and purchase these specimens.

watery look :
a surface that portrays a wavy appearance, as exhibited by most close-collar proof coins.

weak edge lettering :
a coin with a portion of its inscription or design missing from its surrounding edge.

weak strike :
a coin that does not display the intended design detail due to improper striking pressure.

West Point Mint :
originally opened as a bullion depository in 1937, this facility at West Point, New York began minting in 1988 using the 'W' mint mark on coins struck there; it's also called the "W-Mint".

whizzing :
slang for the practice of mechanically moving a coin to simulate luster on its metallic surface.

Winged Liberty Head dime :
informal reference to the ten-cent coin featuring the Winged Liberty motif that was issued by the United States from 1916 until 1945; also called 'Mercury dime'.

wire edge :
a knife-like projection that's created on rims when metal flows between the collar and the dies.

working die :
a die used to strike coins.

working hub :
a steel device (hub) used to create the working dies.

worn die :
a die that's lost its detail from extended usage.

year set :
a collection of all coins issued by a country for any one year, which does not necessarily include every mint mark.



displays five overlapped
commemorative coins along a single horizontal row





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