GlossaryAtoZ

Bag

Definition: A generic term for the cloth sacks used to transport and store coins. These came into use in the mid-nineteenth century and replaced wooden kegs. Also refers to the quantity of coins of a particular denomination found in a bag (such as 5000 cents or 1000 silver dollars).

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Bag marks

Definition: Abrasions which occur on coins that were shipped in mint bags. Most often this term applies to silver dollars, although virtually any coin can have bag marks. Bag marks in no way mean that a coin is not mint state. In fact, even a coin graded Mint State-67 or…

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Bag toning

Definition: Coloring acquired from the bag while a coin was stored. Cloth coin bags contained sulfur and other metal-reactive chemicals. When stored in bags for extended periods, coins in close proximity to the cloth often acquire beautiful red, yellow, blue and other vibrant colors. Sometimes the weave of the cloth…

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Basining

Definition: The process of polishing a die to create a mirrored surface or to remove clash marks or other damage from a die.

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Bid

Definition: The highest price offered to buy a particular coin issue and grade either on a trading network, pricing newsletter, or other medium. Also see: Ask

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Blank

Definition: A flat disk of unstruck metal destined to be made into a coin. Also see: Planchet

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Body bag

Definition: Slang term for a coin returned from a grading service in a plastic sleeve within a flip. The coin referred to is deemed a “no-grade” and is not graded or encapsulated. Coins are no-grades for a number of reasons, including questionable authenticity, polishing, cleaning, and/or repair.

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Bourse

Definition: The Paris stock exchange. This term has come to be synonymous with coin show.

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