Coins Context Definition

Bullion

Precious metals (such as gold, silver, or platinum) valued strictly by weight and purity rather than face value or numismatic rarity.

Related Numismatic Terms & Vocabulary

Numismatics

The formal study and collection of currency, including coins, tokens, paper money, and related medals.

Obverse

The front side of a coin, usually featuring the reigning monarch's head, portrait, or national emblem (commonly called 'heads').

Reverse

The back side of a coin, typically featuring the denomination, heraldic design, or commemorative artwork (commonly called 'tails').

Sovereign

A flagship British gold coin introduced in 1817 containing 7.32 grams of fine gold (22-carat), widely traded both as bullion and a collector key piece.

Hammered Coinage

Historic coins produced manually prior to 1662 by placing a blank metal disk between two dies and striking the top die with a hammer.

Milled Coinage

Coins manufactured using industrial machine presses driven by water, horse, steam, or electricity rather than manual hammering.