Hall of Knowledge
World Mints
Coin and Precious Metals Terminology
- What is an "Assay"?
- What is bullion?
- What is “spot price”?
- What are “premiums”?
- What is numismatics?
- What are “certified” coins?
- What are different coin grades?
- What are “FS” and “ER”?
- What is a "proof" coin?
- What are the “obverse” and “reverse” of a coin?
- What does "random year" imply?
- What is mintage?
- What does the “purity” of a precious metal product mean?
- What is "FV" or "face value"?
- What is “junk silver”?
- What is a monster box?
- What is dollar cost averaging?
- What is silver stacking?
- What is the gold/silver ratio?
- What are NGC and PCGS?
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Precious Metals Beginners Overview
- What is a Precious Metal?
- What is a precious metals refinery?
- What are common methods used to mine ores?
- How are gold and silver coins made?
- Why do some coins have reeded edges?
- How are gold and silver bars made?
- What is the density of silver and gold?
- What is COMEX?
- What is LBMA?
- How is a coin graded?
- What is the density of silver and gold?
- Industrial Uses of Precious Metals
- How much gold and silver are in a cell phone or computer?
- How do I know what bullion is IRA approved?
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What does the “purity” of a precious metal product mean?
Purity is the percentage of a pure metal comprised in a bar or coin. For example, the Canadian Gold Maple Leaf has a purity of .9999. Therefore, it is comprised of 99.99% pure gold.
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