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Coin Collecting Glossary
Numismatists have adopted a long list of terms and slang words to effectively communicate with other coin enthusiasts. Upon entering a coin show or auction, a novice numismatist may become confused by the language frequently used in such environments. The following words and terms are some of the most important to learn when dealing in the coin-collecting world. Continue below.
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actual gold weight - the actual amount of gold in a coin
American Numismatic Association - commonly referred to as the ANA, a non-profit organization dedicated to the study of coins and money
ancient - a coin that was made before 500 A.D.
auction - an offering made to sell a specific artifact to the highest price bidder; can be online (eBay, etc) or live
authentic - an original coin, guaranteed to be authentic, not counterfeit, by an expert
billon - an alloy produced by combining silver and one other medal (less than 50% of which is comprised of the silver)
blue sheet - common name used to refer to the Certified Coin Dealer newsletter
brilliant uncirculated - used to refer to any coin that has not been circulated
business strike - a coin produced for regular circulation
c-mint - mint marking that indicates the coin was struck at the North Carolina mint, which produced gold coins from 1837 up until its seizure by the Confederate Army during the Civil War
cc-mint - mint marking that indicates the coin was struck at the Carson City, Nevada mint, which operated between 1870 and 1893
CCDN - Certified Coin Dealers Newsletter
CCE - Certified Coin Exchange
circulating commemorative - a coin that commemorates a person, place or event, but is still used as legal tender
circulated - a coin that has been sufficiently handled so it is no longer in mint state
commemorative - refers to a coin that is produced to honor a person, place or event
condition rarity - refers to a coin that is increasingly valuable depending on its condition, rather than its actual rarity
counterfeit - a fraudulent imitation of a coin or a coin that has been altered to deceive collectors
die - generally a cylindrical piece of steel bearing one side of the coin design at one end
face value - the given monetary value of a coin at the time of issue
grade - the numeric value, between 0 -70, assigned to indicate a coin’s condition
Indian penny - common reference to the Indian Head Cent
legal tender - any coin or currency that is issued by the federal government and accepted as payment
legend - any wording or phrase that typically appears on coinage and currency
mint - a facility were coins are made
mint error - refers to mistakes made during the coin striking process, including double strikes and misalignments
mint mark - very small letter or letter on a coin that indicates at which mint it was produced
NGC - short for the Numismatic Guaranty Corporation, an independent coin grading service
numismatics - the collection of coins and other related valuables
numismatist - someone who collects numismatic items
off center - a type of mint error in which the coin blank is not hit directly on center on the lower die
proof set - a set of proof coins, usually packaged and preserved for collecting
rarity scale - a system devised to identify the number of specimens known to exist
regular issue - refers to coins that are minted for everyday circulation purposes
rub - general wear on a coin, generally referring to the high spots
series - coins that bear the same design and denomination
want list - a collector's list of desired items
There are several websites dedicated to providing information and resources on coin collecting. Visit the American Numismatic Association at www.money.org for more information.
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