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Glossary
Investing
in silver gets a little simpler once you understand some of the
terms used by those in the precious metals industry. This page is
dedicated to providing you with definitions of the more common terms
used. It will start out small but I will be adding to it regularly so
stop back again to see what else has been added.
AU
(Almost Uncirculated): a coin
showing a small amount of wear on the high area(s) of the
coin's design
avoirdupois
weight system: the
common weight system used in the U.S. based on a pound of
16 ounces and an ounce of 16 drams or 437.5 grains
bag marks: nicks or scratches appearing on a coin from having coming in contact with other coins in the Mint's original canvas bags
BU
(Brilliant Uncirculated): a coin
having a mint luster with no wear (but still may have bag marks on one
or more areas of the coin)
bullion
coin: a coin
whose value is based on the intrinsic value of the precious metal it
contains
commemorative
coin: a coin
produced to recognize/celebrate a person or event
hallmark:
the mark or
imprint on a precious metal bar (or ingot) signifying the purity and
maker of the piece
Morgan
Dollar: a U.S.
silver dollar designed by George Morgan and struck between 1878 and
1904 and again in 1921
PCGS:
Professional
Coin Grading Service, one of the premier companies which
grades and certifies coins
Peace
Dollar: a U.S.
silver dollar designed by Anthony de Francisci and struck between 1921
and 1935
planchet:
the blank
(or coin disk) on which the die imprints a coin's design
troy
weight
system: the system
used to weigh gold and silver based on 12 ounces to a pound
and 20 pennyweights or 480 grains to an ounce |
