Coin Glossary

You can find most popular coin collecting phrases in this coin glossary.

Coin Glossary

L

laureate - coin design of  a head crowned with a laurel wreath.

luster  - a frosty and shiney appearance found on some uncirculated (mint state) coins.

legal tender - coins, paper money, or other currency issued by a government and used as money. The legal tender value of a coin is the value placed on it by the government. It may be different than the intrinsic value (bullion value) or collector value.

legend - the main lettering on a coin. For instance the phrase "United States of America"

lettered edge - The edge of a coin that has lettering on the outside of it. Usually it is raised, but sometimes incused. Most coins today have a plain edge or "reeded" edge. Having something inscribed or a design on the edge of a coin was prevalant when coins were made of precious metal. Supposedly it made it easier to detect when a coin that had some of its precious metal shaved off the edge. You'll find most all of the older gold and silver US coins will have either lettered or reeded edges. Bust Today's dime and quarter are examples of a reeded edge. See reeded edge. 

Liberty Head - term used to indicate a design on the face of coins similar to the Statue of Liberty. Many different US coins have a Liberty Head design

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Coin Collecting News
10/23/2017
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Joe Roets, Dragonchain founder and CEO, at the 2017 GeekWire Summit. (Photo by Dan DeLong for GeekWire) Blockchain is one of the hottest trends in tech right now, but it remains a mystery to many outside the industry. A startup based in the Seattle area is ... more info

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U.S. Mint unveils a pink-hued gold coin to benefit breast cancer cause
The U.S. Mint on Monday unveiled the designs for a pink-ribbon product unlike any this nation has ever seen: a $5 gold coin made with a pink-hued alloy. When the breast cancer awareness collectible currency set goes on sale next year, you can also buy a $1 ... more info

10/23/2017
Coin dealer who stole identities, evaded $400K in taxes sentenced to prison
TRENTON -- A coin dealer will spend 15 months in prison for cheating the government by not paying taxes on $400,000 in income. William Dominick, 69, formerly of Old Tappan, is also required to pay restitution on the income he failed to report between 2010 ... more info