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Numismatic terms, slang and acronyms used at Marc One. |
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| Ag | the periodic table #47 symbol for silver, Ag. |
| ASE | American Silver Eagle $1 Face Value and .999 Fine Silver |
| AGW | The actual pure .999 gold weight of the item |
| Ask | The selling price of a coin. The antithesis of bid. |
| ASW | The actual pure .999 silver weight of the item |
| APtW | The actual pure .999 platinum weight of the item |
| Au | The periodic table #79 symbol for gold, Au. |
| AU | The about uncirculated grade – AU50-55 |
| Bars | Rectangularly shaped bullion as opposed to round shaped bullion coins. Usually in .999 fine ounce form but some gold bars come in grams or multiples thereof. |
| BU | The brilliant uncirculated grade – MS60-63 |
| Bid | Marc One’s purchase or buy price. Bid and Buy price are synonymous. |
| Bullion | Precious Metals like gold, silver, platinum and palladium without numismatic value. Generally bought and sold in .999 fine bar or round shapes. |
| Buy | Marc One’s purchase or bid price. Buy and Bid are synonymous. |
| Cartwheel luster | The circular rotating light effect seen on gem BU silver coins under light. Especially noticeable in the Morgan dollar series. |
| CAC | Certified Acceptance Corporation. The industry recognized expert blessing and highest accolade for coins in PCGS or NGC holders. PQ Coins. |
| Cull | A coin which is damaged, LP or not acceptable for the grade due to issues like rim bump, cleaning. |
| Counterfeit | Not made in or at the Mint of purported origin. |
| COA | Certificate of authenticity |
| Damaged | the cull, LP or damaged quality coin or condition/grade |
| FV | Face Value |
| Hole | |
| LP | The low premium (LP) or cull grade. Sometimes AG03 but can be high grade, like XF45, only damaged. |
| N | NGC, Numismatic Guarantee Corporation |
| NGC | Numismatic Guarantee Corporation |
| Moose | A mega grade coin that also has something special about it. An Example is an 1881-s M$1 PCGS MS68+ CAC with crazy color. |
| OGP | Original Government Packaging + COA |
| P | PCGS, Professional Coin Grading Service |
| PCGS | Professional Coin Grading Service |
| Pd | The periodic table #46 symbol for palladium, Pd. |
| PQ | Premium Quality for the grade. The coin is not a lock to upgrade but it is super high end and beautiful. Examples are CAC coins. |
| Pt | The periodic table #78 symbol for platinum, Pt. |
| P/N | PCGS/NGC |
| Rounds | Refers to and is used to describe the generic circular .999 fine gold and silver bullion coins (rounds) which trade closest to their respective spot value. |
| Sell | Marc One’s sell price |
| Slider | The AU58+ grade of a coin. |
| Snowy | Adj. Used to describe the powder white fresh snow look on silver coins. A regular site for 1884-o Morgan dollars. |
| Spot(s) | Usually by the ounce, the cash now price relating to the London Fixes as opposed to a futures price for commodities like gold. Based on supply and demand. |
| Spread | Describes the price difference between the bid/buy of a coin and the ask/sell price of a coin. |
| VG | the very good grade – VG08 to 10 |
| Whopper | Adj. Used to describe quality and latent rarity together. A vibrant and fully toned 1913-P Barber 50c in PCGS MS67+ |
| XF | the extra fine grade – XF45-45 |
| Negative Terms, negative slang or acronyms: Not used by Marc One | |
| Blazer | A telemarketer in Minneapolis made the word popular describing Saint Gaudens. However, the purpose was to make the coin sound better than it is. |
| Bozo | Describes someone, with direct reference to the clown, but with the with further dig implying they do not know what they are doing but, in their mind, think they do. |
| Re-nig | Terrible word. For the record I hate it. Any person who backs off a trade or breaks their word. |
| Stroke | A potential customer or potential buyer who “takes” a lot of time but never buys anything. |
| Tire-Kicker | Sadly, a universal meaning. To some coin dealers, this person (the tire-kicker) took away time from the dealer but not as badly as the “stroke” did. |