If you are new to collecting coins, there are several terms or types of coins that can be a bit confusing. In this article, we will discuss several common terms that can be applied (but not limited to) to US mints of the United States of America, such as the silver eagle, the platinum eagle, the golden eagle and the gold coins of Buffalo.
Mint or coin state: if a coin is described as a “mint” or “coin state”, it means that the coin was made as an ordinary coin for distribution, but it also means that it just appeared from the mint and does not have spread or damaged. The US Mint sells these coins from normal production.
Evidence. If the coin is marked or has a “proof” in the description, it means that the coin was specially manufactured using high pressure, which gives the coin a brilliant mirror finish. Images on it also have more information. These coins are not intended to be “spent” or distributed. They are collected.
If the coin is described as a year with W added to it (example: 2006-W), it means that it has a mint mark used by the West Point Mint in New York.
this term means that the coin has never been used or used – it is in excellent condition, as if fresh from the Mint.
If a coin is described as PCGS, which means “Professional Coin Grading Service”, this means that it has been evaluated by this service.
If the coin is described as NGC, which means “Numismatic Guarantee Corporation”, this means that it has been evaluated by this service.
Note. The abovementioned valuation services cost money, which must be completed. If the coin is designated as such, it means that these services guarantee authenticity and quality, and the coin should be higher in value.
There are literally hundreds of conditions for collecting coins, but the above can help you understand the basics, especially if you are viewing collectible
American coins for sale and may be interested in buying them. In many cases, these conditions are included in the title pages of coins for sale.