The “spot price” refers to the current market price for a troy ounce of raw gold, silver, platinum, or palladium. This price is “fluid”, changing throughout the day, and updated on our site every 45-60 seconds.
“Random year” means the coin you purchase will be from a year of our choice.
A “troy ounce” is the standard measurement used for precious metals. It consists of 31.1034768 grams. In the world of precious metals, the words “troy ounce” and “ounce” are interchangeable. Base metals, such as copper, are not measured in troy ounces; they’re measured in avoirdupois (“regular”) ounces. A regular ounce weighs approximately 28 grams.
An “assay” is a test that determines a metal’s composition, type, and purity. When an assay is included with a product, there will be an insert similar to cardstock confirming the metal composition, type, and purity, along with the assayers information.
The “FV” is the legal currency value of the coin as assigned by the mint.
The “mintage” refers to the amount of coins produced in a given year and/or from a particular series.
A “mint” is where bullion is produced. Government mints produce the country’s currency. Private mints produce bullion rounds, bars, bullets, and medallions.
This term refers to the front side of a coin. The “reverse” refers to the back side.
“Premiums” refer to the fixed dollar amount over spot price on a product.
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.
“Purity” refers to the percentage of metal within the bullion.
A precious metals “refinery” reduces, or “refines,” raw materials and/or scrap metals down to their purest state.
“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.
“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.