It seamed by little "Why everyone needs to buy silver" post here was quite popular, so I figured it was a good opportunity to keep that momentum and interest and do a little daily series about some different introduction content to stacking.
So what better place to start then with a bit of a glossary, if you read a few posts around here, there may be a few words that trip you up or get you confused.
In no particular order;
LSC- Local Coin Shop (When I was new and seen this online, you'd never believe how long I looked online to find the LCS so I could get all the sweet deals everyone else was getting)
Coin - A coin always has a marked face value and usually issued by a government. (this can get confusing when some mints make 'coins' with various non-standard shapes. (like the one below)
Round - This is the term used to described a silver or gold 'coin' this is not issued by a government without a face value. (ie the steem silver round)
Medal - This is a 'coin' that is also privately minted but doesn't always contain precious metals, could also be used to describe a tradition military medal.
Token - A 'coin' that is struck and issued privately, and often given a value in trade or service, can often be used as an advertisement. (like a free beer, or car wash, bus ride, etc).
Obverse- This is the fancy term for the head's side of a coin, it usually continues someone head. In a round or token it is usually the generic side that may be used on multiple pieces and has the standard markings indicating the silver contest and weight.
Reverse- The tails side or a coin or round.
Coin-Turn - This one used to get my confused, but US coinage you flip-end over end or up and down and both sides will be facing upright when you look at them. It is in reference to the orientation of the obverse and reverse dies when they are minted.
Medal-Turn - This is like Canadian Coins and most minted bullion, you flip the coin side to side or left and right to keep both sides upright. (this was from when a solider would wear a 'medal' on parade, if the wind or something flipped it you wouldn't be seeing the queen or king upside down.
Bullion - This is a standard term for gold of silver that is valued by weight and metal content and not a face value.
Numismatics - This is the fancy term for coin collecting or the study of money. It is often used when describing a coin or round as a 'numismatic piece' which means has more value than just the silver content since it also contains and collector value or premium.
Semi-numismatic - Used to describe a coin or round, that has a small collector value in addition to the the 'bullion value'
Junk Silver - This is used to describe silver that is less then 0.999 in purity, often in jewelry, silverware or old coins.
Constitutional Silver - Sometimes used to describe 'junk' silver coins as above, since some people don't like the term 'junk'
Finish - The surface texture and quality of a coin
Proof Finish - A high luster and reflective coin finish.
Antique Finish - A coin finish when a special chemical process is applied to give it a blackened and antique look.
Brilliant Uncirculated (BU) - A standard coin finish
Toning - This is a discoloration of a coin surface. It can be naturally occurring from environmental circumstance or artificially created through chemical processes. Can be multiple colors and shades.
Hope it helps and feel free to check out #steemsilvergold to learn more or see more now that you understand all the lingo
Feel free to ask any other questions in the comments.
Footer by @bearone
Concise and informative. Quality content that is to the point. Love your work @phelimint. I like your coin designs as as well, the one with the antique finish looks awesome.
Thanks man, it did just want to make a it a quick primer without getting too involved.
Nice one, I would also add
Ballin' - When you turn steem into silver
Yeah, sounds about right...lol.
This ☝🏻.... amazeballs. 😄🤣😂
My native language is not English so, when I started trying to be a stacker I couldn't understand what this LCS meant. I deduced that it was an specific place where most of the bloggers went to buy silver or gold, but they never told where (in what city or street) it was located. Your glossary is a must to the begginers.
Yeah, English is my first language and it really messed me up too...lol.
Geeze that Liberty is SEXY! Gotta find me a hot lady like that! Ohh and nice Glossary @phelimint, had no idea about why some coins were made the medal-turn way, learn something new every day ☺
Yeah, I still find the US coins so confusing when I get my hands on one. Can't get used to flippig it the other way.
This is great I just bought my very first 2 oz coin today the red dragon of wells. Made a short post about it. Coin looks very nice.
Nice the queens beast is an awesome series.
They sure are cant wait for 2018 steemit rounds.
Great read! I'm totally in on this stacking series! Love the idea for this glossary bc it's always good to have a solid foundation before you build out something as involved as PM collecting and numismatics. I think you hit the mark 100% !! Ready for the next one.
Thanks man, I think it's a good place to start and build on.
An recent ASE with dramatic toning like that???
Was it chemically treated?
Yeah, It's definitely artificially done. Wish I remembered where I found it, this always happens the one time I forget to Add {source}
Great article! It was informative and full of great silver! I love your company logo on the rounds. The succubus round is my favorite one in the community box. I don’t think that Star ship enterprise is poured like my Falcon...I mean your falcon👍🏼🍺🥓
The falcon is way better, the strike that "coin" never seen it in person, but I think the RCM is going too far these days.
Great info for any experience level stacker!
I used to collect old coins when I was a kid. The hobby did not stick though. Thanks for the post, it was quite informative.
No prob, I think most people collected a few coins as kids, it's pretty interesting.
Enlightening, a great deal to learn, can't imagine having to find this all on my own. Thanks for providing the help to understand these terms.
@phelimint This is well done to help those that may want to get involved in stacking. I don't want to be a chief critic but the last sentence of this post confused me a little. "Can me multiple colors and shades."
Fixed, thanks man. I'm gonna need to get a spelling and grammar extension for my browser maybe.
Nice! I was going to make up a post like this. I did this a couple years back for my friends on FB so they understood what I was talking about. 1 more you should add to your glossary is Assayered Bullion. It commands a higher premium because it's verified and individually serial numbered. Excellent read for anyone interested in PM investing.
That's a good addition too man, thx
great info pheli....lol but i must say that your proof finish of the coin, look really nice..thats now expert level 100
This was a very nice post for those of us who don't know too much about stacking silver, @phelimint! I definitely learned a few new things from reading this :)
Yeah, we seam to be getting alot of attention for the hobby here in steemit, may as well use it teach everyone.
Very good post. I was going to do a similar post today to help the guy Mike out. It waspsst midnight when i answered him. I’m glad that people are asking, it will make our community stronger and stronger. Thanks for the good read my friend.
Yeah, it's funny he made that post around the same time, I made this one and decided to try to post some of this intro content.
The toning one reminds me of oil patches in the street on the first days of rain.
By the way, the LCS thing, I can relate to that, it happened to me countless times in the Internet.
Numismatics and Bullion are my favorite ones.
Yeah, the toning can look exactly like that, if I actually knew the chemistry I would speculate it's probably something similar.
nice summary ... I love that pic of the toning :):):)
great post bud! spellcheck, on obverse you wrote continues someones head instead of contains. and for (BU) you wrote brilliant circulated and missed the Un, apart from that it was great :)
Fixed , thanks man. I need to get an extension or something.
Great informative post. Your like the best teacher I’ve ever had. Should have taught this stuff at school. So if u don’t mind I like to ask a question. What’s the meaning of a proof coin?
Proof is a coin, with higher luster, they are stuck for non-circulation and special releases only.
Wow likes your post .. happy reading it .. really amazing ... thanks for sharing on a good day.
I like to read every post you .. I also learn a lot about steemit from every post you. Whether it's writing or photos. Thank you steemians ..
It's an honor for me if you visit my blog..
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