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Information

Our aim is to provide customers with information and resources related to the art of coin collecting and numismatics. The information below includes a compilation of common numismatic terms used within our website and throughout the industry, and, links to coin related resources and forums.

Numismatic Links

Reserve Bank of Australia - Responsible for the production and issue, reissue and cancellation of Australian polymer banknotes.

World Mint News Blog - News and commentary on World Mint Coins.

Silver Stackers Forum - Independent forum for those that love to stack Ag and Au.

Numismatic Terms

Bullion - Precious metals (platinum, gold and silver) in the form of bars, ingots or plate, or where quantity is considered as a valuation. Also refers to coins whose market value is determined by metallic content rather than scarcity.

Bullion Coin - Coin made from precious metals and generally used for investment purposes. Usually made from silver, gold or platinum.

Circulated - A term applied to a coin that has wear, ranging from slight rubbing to heavy wear.

Currency - Money in any form when in actual use as a medium of exchange, especially circulating paper money.

Gem - Coin of exceptionally high condition, such as Gem Uncirculated or Gem Proof.

Grade - The condition of a coin or amount of wear that a coin has received. Common grade terms used, from worst to best, are Good (G), Very Good (VG), Fine (F), Very Fine (VF), Extra / Extremely Fine (EF), Almost Uncirculated (AU), Uncirculated (UNC), and Brilliant Uncirculated (BU). Grading criteria may also include color, strength of strike, and "eye appeal".

High Relief - Part of a coin's design that is raised higher than usual above the field.

Legal Tender - A form of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation.

Mintmark - Refers to a mark on the original die indicating the location where that coin was struck.

Mint Set - Set of uncirculated coins packaged and sold by the mint.

Numismatics - The study or collection of currency, including coins, tokens, paper money, and related objects.

Obverse - Front or heads side of a coin. Opposite of 'Reverse'.

Privy Mark - Small mark, on a coin, generally a letter or symbol to commemorate a special release or event, or to indicate the mintmaster.

Proof Coin - Coin specially struck for collectors using polished dies and planchets. The resulting coins usually have a mirror field and raised areas may be frosted or coloured in appearance.

Proof Set - Set of proof coins packaged and sold by the mint.

Reverse - Back or tails side of the coin. Opposite of 'Obverse'.

Type Set - One of each coin of a particular design, series or period combined into a set.

Uncirculated - Coin that has never been used, thus retaining all or most of its original luster.

Year Set - Set of coins for any specific year containing one of each denomination of that year. Generally provided in Uncirculated and Proof formats.

 
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