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Ingots, coins, or other issues that trade for their intrinsic metal value.

Only precious metals (silver, gold, platinum, and palladium) are included as bullion.

It is a non-profit organization, chartered by an Act of Congress in 1912. 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).

Bag marks in no way mean that a coin is not mint state.

In fact, even a coin graded Mint State-67 or higher could have Coloring acquired from the bag while a coin was stored.

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.

When stored in bags for extended periods, coins in close proximity to the cloth often acquire beautiful red, yellow, blue and other vibrant colors.

As a rule, adjustment marks do not reduce the value of a coin nearly as much as a series of equally visible scratches, which were not "mint-applied". This is in contrast with ordering from a catalog, price list, or advertisement at an advertised price.

The world's largest organization of coin collectors and dealers. A generic term for the cloth sacks used to transport and store coins.

Eventually a "cap" is formed on either the upper or lower die.

These are sometimes spectacular, with the cap often many times taller than a normal coin. It is possible that this discoloration is caused by a planchet imperfection prior to striking, or it may be caused by improper storage of the coin.

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