Coin and Precious Metals Terminology

    

 

 

What does “random year” mean for coins?

“Random year” means the coin you purchase will be from a year of our choice.

What is a “Mint”?

A “mint” is where bullion is produced. Government mints produce the country’s currency. Private mints produce bullion rounds, bars, bullets, and medallions.

What is the “Mintage”?

The “mintage” refers to the amount of coins produced in a given year and/or from a particular series

What is the “FV” Face Value?

The “FV” is the legal currency value of the coin as assigned by the mint.

What are “Certified Coins”?

“Certified” coins have been graded and authenticated by the PCGS (Professional Coin Grading Service) or the NGC (Numismatic Guaranty Corporation). These coins are given serial numbers for verification and placed in plastic slabs. Certified coins are graded on a scale of 1-70, 70 being a coin in perfect condition

What does “FS” mean for coins?

“FS” stands for “First Strike.” First Strike is the designation the Professional Coin Grading Service (PCGS) gives to coins they or a PCGS-approved depository receive within the first thirty (30) days of the coin’s release date.

What does “ER” stand for coins?

“ER” stands for “Early Release.” Early Release is the designation the Numismatic Guaranty Corporation (NGC) gives to coins they or an NGC-approved depository receive within the first thirty (30) days of the coin’s release date.

What is a “Proof”?

A “proof” is a coin that has a mirror-like finish as a result of a special minting procedure. These coins are typically considered collectibles.