Keeping up with the Terms, Abbreviations and Jargon can be sometimes frightening.

We hope that the following Coin Collecting Glossary on the most frequently used terms, acronyms, and definitions will be beneficial to you.

Coin Term Glossary

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

P

Mintmark used by the Philadelphia mint, Pennsylvania.

P-Mint

A term applied to the coins struck at the main Mint in Philadelphia, Pennsylvania.

Pan-Pac

Short for the Panama-Pacific Exhibition.

Pan-Pac slug

Jargon for either of the 1915-dated Panama-Pacific fifty-dollar commemorative coins, the octagonal or the round.

Paper money

A term used among collectors for notes of the entire field of currency, no matter what medium on which they may be printed.

Partial Edge Lettering

Have at least one complete letter or star missing. Note: This variety will not be recognized if part of the edge design was caused by damage.

Patina

Synonym for Toning, describe lighter shades of toning.

Pattern

A test striking of a coin produced to demonstrate a proposed design, size, or composition. Patterns often are made in metals other than the one proposed; examples of this include aluminium and copper patterns of the silver Trade dollar. Off-metal strikes such as this also are referred to as die trials of a pattern.

PCGS

Professional Coin Grading Service

PCGS Population Report

A quarterly publication by PCGS listing the number of coins graded and their grade. Totals are for coins graded by PCGS since its inception in 1986. Available on the PCGS website at www.pcgs.com/popreport.

Pd

 Palladium

Peace dollar

A common name for the silver dollar struck from 1921 to 1935. Designed by Anthony Francisci to commemorate the peace following World War I, the first year featured another coin designated High Relief. In 1922, the relief was lowered resulting in the Regular Relief type that continued until 1935.

Pedigree

A listing of a coin’s current owner, as well as previous owners.

Peripheral Toning

Light, medium, or dark colouring around the edge of a coin.

Philadelphia Mint

Located in Philadelphia, Pennsylvania., This mint currently uses the letter “P” mintmark. Coins prior to 1980 don’t have a mintmark.

Pick off

Coin bought at a bargain price.

Picked off

Describe the dealer who sells a pick off

Pickle

To soak in a liquid for some a period of time. 

Piedfort or Piefort

Means double thick, it usually refers to thick French coins that were made in double thickness to signify double value.

Pioneer Gold

Those privately-issued gold coins struck prior to 1861. These include coins struck in Georgia and North Carolina although no “pioneers” were responsible for the gold mined in those states.

PL

Prooflike

Plain edge

A flat, smooth edge seen mainly on a small-denomination coinage

Planchet

 

The clean, blank disk of metal just before it is struck by a coining press.

Type I planchets are flat.

Type II planchets have upset rims from the milling machine, these to facilitate easier striking in close collars.

Planchet defects

Any of the various abnormalities found on coin blanks. These include drift marks, laminations, clips, and so forth.

Planchet flaw

An irregular hole in a coin blank, sometimes the result of a lamination that has broken away.

Planchet Striations

Fine, incuse lines found on some Proof coins, though rarely on business strikes, usually the result of polishing blanks to impart mirrorlike surfaces prior to striking.

Plated

 

A term used to describe a coin to which a thin layer of metal has been an applied-for example, gold-plated copper strikings of certain U.S. pattern coins.

Platinum

Precious metal sometimes used for coinage. These coins are very expensive.

Plugged

A term used to describe a coin that has had a hole filled, often so expertly that it can only be discerned only under magnification.

PNG

Professional Numismatists Guild

PNG certificate

Before third-party certification was started by PCGS in 1986, these certificates were the best available protection for the coin buyer. Each PNG dealer could issue a certificate, one copy given to the buyer and one copy sent to the PNG main office. This provided not only a guarantee of authenticity but also provided a space for a description that could be useful in cases of stolen collections.

PO-1

 

This is for Poor(the grade) and 1(the numerical designation that means Poor). A coin of this grade is basically uncollectable due to its terrible condition, could be rare, making them popular.

Polished Die

 

A die that has been basined to remove clash marks or die injury. In a positive sense, Proof dies were basined to impart mirrorlike surfaces, resulting in coins with the reflective field.

Polyvinyl Chloride (PVC)

A chemical used in coin flips to make them elastic. This chemical will damage coins if it comes into contact for long periods. The plastic flips that are used to store coins for long periods, contains PVC and not recommended.

Poor

The grade PO-1. A coin with the readable date and mintmark (if present), but little more, barely identifiable as to type.

Pop Report

PCGS Population Report.

Pop Top

A coin that is on top of the Population Report and scores the maximum number of points on the PCGS Set Registry.

Portrait

 The most important part of the coin is the portrait or bust of an important person(King, Queen, President).

Porous

A description indicating a rough or granular surface.

PQ

Premium Quality

PR

Proof

Precious Metal

Gold, Silver & Platinum. As opposed to a base metal.

Pregnant Springbok

Refers to the South African, 1967 “Pregnant Springbok” one Rand (R1) coin. These coins are scarce.

Premium Quality(PQ)

A term applied to coins that are the best examples within a particular grade.

Presentation Striking

A coin, often a Proof or an exceptionally sharp business strike, specially struck and given to a dignitary or other person.

Press

Any of the various coining machines. Examples include the screw press and the steam-powered knuckle-action press.

Price

The asking quotation for a particular numismatic item.

Price guide

A publication, whether electronic or paper, listing estimated prices for numismatic items, whether wholesale or retail. These guides will give pricing per grade, show mintage, etc.

Pristine

A term applied to coins in an original, unimpaired condition. These coins typically are graded MS/PR-67 and higher.

Professional Coin Grading Service

One of the major third-party authentication and grading service based in Newport Beach, Southern California. Established in 1985, this was the first third-party grading service to grade, encapsulate, and guarantee the authenticity for numismatic material.

Professional Numismatists Guild

A dealer organization began in 1955. The membership is restricted by financial and longevity requirements.

Proof

 

Specially polished dies are used to strike the designs onto specially prepared polished blanks. Sometimes more pressure is applied when striking these coins and the presses operate at slower speeds. These coins get a lot more attention and extra care. Proofs generally show much more detail than coins produced for circulating. Any coins prior to 1817 are recognized by the PCGS as Specimen Strikes (SP) and after 817 as Proofs (PR). Proof coins are not meant for circulation; they are for collectors and investors.

Proof Set

A coin set containing Proof issues from a particular year. A few sets contain anomalies such as the 1804 dollar and eagle in 1834 presentation Proof sets.

Proof dies

 

Specially prepared dies, often sandblasted or acid-picked, that are used to strike Proof coins. Often, the fields are highly polished to a mirrorlike finish, while the recessed areas are left “rough”; on coins struck with such dies, the devices are frosted and contrast with highly reflective fields. Matte, Roman, and Satin Proof dies are not polished to a mirror-like finish.

Proof-only issue

A coin struck only in Proof, with no business-strike counterpart.

Prooflike

Used to describe gold ZAR coins issued from 1959. Any coins that meet these prooflike standards are graded by PCGS as PL – Prooflike. The difference between Proof and Prooflike is debatable.

Provenance

A term is synonymous with pedigree.

Punch

A steel rod with a device, lettering, date, star, or some other symbol on the end which was sunk into a working die by hammering on the opposite end of the rod.

Put-together roll

A term applied to a roll of coins that is not original, usually the best condition coins have been removed and replaced with lesser quality coins. (It is not unusual to find slightly circulated coins in such rolls.)

PVC

Polyvinyl Chloride

PVC Damage

A film, usually green, left on a coin after storage in flips that contain PVC. During the early stage, this film may be clear and sticky.

PVC flip

Any of the various soft coin flips that contain PVC

If we missed a word or phrase, please let us know. We would like to grow and expand this list with your help.

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