Coin Term Glossary Part 2

Coin Term Glossary Part 2
Posted on August 11, 2023 by BOLD Precious Metals

1. Collar:

A specialized metallic component that confines and controls the outward expansion of a coin blank as it is being stamped by a die during the minting process. This crucial tool ensures the precise shaping and detailing of the coin's design by preventing excessive metal spreading.

2. Commemorative:

A commemorative refers to a unique coin or medal crafted to pay tribute to a remarkable individual, significant location, or noteworthy happening. It's a way of showing respect and recognition through a specially designed piece with symbolic value.

3. Condition:

The particular form a coin takes in terms of its appearance, texture, and overall condition, often reflecting the extent of wear, damage, or preservation it has undergone over time. It's like the story of the coin told by its appearance.

4. Counterfeit:

Counterfeit refers to a fabricated imitation of a coin or any form of money, deliberately crafted to appear authentic to deceive individuals into believing it is legitimate. In simpler terms, a counterfeit is a phony or fake currency intentionally created to trick people into thinking it's real.

5. Currency:

Currency refers to any form of money, encompassing both physical coins and paper money, which is utilized to facilitate transactions and trade among individuals and entities. In essence, it serves as an intermediary tool that enables the exchange of goods and services between people.

6. Denomination:

Denomination refers to the various numerical categories that money is divided into, representing its distinct values. In simpler terms, it's the way money is organized into different groups based on its worth, making it easier to identify and use different amounts.

4. Die:

A specially crafted stamp employed to press intricate designs (including images, denominations, and slogans or phrases) onto a plain sheet of metal piece. This process transforms the metal into a coin with a specific appearance and value.

7. Designer:

The artist responsible for conceiving and crafting the visual appearance of a coin's design (although not necessarily involved in physically inscribing the design onto a coin-making tool called a coinage die).

8. Edge:

The perimeter that encircles a coin, often referred to as its "third side" (distinct from the "rim"). In simpler terms, the edge of a coin is the outer boundary that goes all the way around it, similar to how a fence surrounds a yard. It's important to note that the edge is not the same as the rim, which is the raised part on the front and back of the coin.

9. Engraver:

A skilled artisan who meticulously crafts a clay representation of a coin's intricate design by sculpting it in bas-relief, which involves bringing out the design's elements in a three-dimensional form that slightly rises from the surface. This process requires careful attention to detail and a keen understanding of the coin's intended visual composition.

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