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Information about New Presidential Dollar coins:

~Unusual Edge Letters on Dollars

~US mint press release.

~Production Schedule of Dollars to be released

~Legislation Authorizing Presidential Dollars in 2007


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"A Glossary of Coin Collecting Words and Definitions"

Locate the meaning of coin dealer and numismatic words.


that start with the letter

" R "

- a coin or collectible that is very limited in availability.  Can also mean that there are few in existence, very limited availability, or that the item is very uncommon.  A rare does not necessarily mean a coin is very valuable.  The demand from collectors in addition to the degree of rarity combine to influence the market price for any item.  Usually, a "rare coin" means it is harder to find than a "scarce" coin.
- means the coin has not been certified, slabbed or encapsulated by a coin

grading service.
rabbit coins
- Minted in 1999.  First year of a series of animal coins minted in Australia.  1999 was the Chinese lunar "Year of the Rabbit".  Silver and gold rabbit coins were minted to celebrate this special year. A small number of other countries have minted coins with Rabbit designs.  Australia has minted coins with several other animal designs in this lunar series.
real or reales
- Spanish money used primarily prior to the 1800's. (Sometime pronounced          "ree-owl".) Spanish real silver coins were popular in the American colonial days and circulated in the USA for a number of years until the United States was able to make sufficient quantities of their own coins.  Usually is equivalent to about 1/8th of a dollar. Sometimes called "pieces of eight" or "bits".
Red Book
-The Official RED BOOK of US COINS. A price guide book on US coins and their values by R.S. Yeoman. Also called the Official Guide to United States Coins. Perhaps the most popular coin collecor's book for listing US coin retail values, grades, and mintages.   For a book on dealer "buy" prices see the "Blue Book".
- Lafavre Redfield.  Silver dollar collector/investor.  Click here to read an  interesting article about his great silver dollar hoard.
reeded edge
- The edge of a coin that has small reed like groove lines on it. Today's US dimes and quarters are examples of reeded edge coins. Today's pennies and nickels have a plain edge, not a reeded edge. See "lettered edge" and "incused edge".  The 2007 presidential dollar coins have a lettered edge.
- the part of the design that is raised from the surface of the coin field (background). Example: Washington's face on a Washington quarter.  (The opposite of "incused".)
- a coin or currency note that has been fixed to look like nothing has been wrong with it. The repair being done to fix damage, a hole or defects.  The seller's description should mention that the coin was repaired.  Often repaired coins will bring less than a coin (of equal grade) that has never had anything wrong with it, but sell for more than a fully damaged coin. The key point being, that the buyer needs to know about anything that was done to the coin in order to make a fair judgment when making a purchase decision.
- a coin copy or reproduction.  Sometimes called a copy of facsimile.  Resembles the original in design.  For a replica of a US coin or currency to be legally sold in most countries it must meet certain governmental criteria. One point being that it must have the word "copy", "replica", or "facsimile" plainly visible.  Another point being that it can not be presented as being an original.  US coins and currency replicas must also be of a certain (government required) degree larger or smaller than the original so that there is no confusion with the original.  Additional government laws must be met when dealing with government issued money, certificates, and copyrighted and trademarked items.  A replica coin is different than a counterfeit coin.
restrike (re-strike)
- a coin minted from original dies, however at a later date than originally intended.  Example, confederate (civil war) restrike tokens.
Sometimes used to mean a fake coin, as in "the gold coin in this ring is a jeweler's restrike".
- the back side of the coin. Sometimes called the "tails" side of the coin, because in many years there was an eagle design with it's tail feather's showing.  Opposite of obverse or heads side of the coin.
reverse proof
- proof coins normally have a mirror like background (field) and a frosty or regular raised design.  A reverse proof will have a mirror like raised design and a frosty or normal appearance to the coins background. Both regular proof coins and reverse proof coins are technically "proof" coins.  The difference is in the areas of the coin that are frosted and mirror-like. Click here for an example.
- a machine used in the minting process that sorts out wrong size/defective blanks (planchlets).
- the raised edge of a coin created by the upsetting mill. The idea being that if the edge on both sides of the coin is raised like the design it will help protect the coins design from wear.
- a group of coins in the same denomination in a paper wrapper package by banks, dealers, or the US Mint. Sometimes a coin rolls are put into a plastic coin tube. The number of coins in a roll depend on the denomination. For US Cents there are typically 50 coins in a roll, nickels- 40, dimes- 50, quarters- 40, halves- 20, dollars- 25.
- coin shaped silver pieces. Not official legal tender, however they may be accurate in bullion weight. Like silver bars only round shaped to look like a coin.
- rust is a oxidizing reaction causing the surface of a metal coin to corrode or decay.  US pennies (cents) minted during World War 2 (in 1943) were made of zinc plated steel. Once the zinc plating wore off, the coin surface became exposed to the air and often rusted. Other coins, such as copper and even silver are subject to similar oxidation when exposed to air, moisture, or environmental chemicals.
rust spot
- Reddish or rust color spots can appear on gold coins, as well as coins made of other metals. Spotting can be from something on the surface of the coin or actually from impurities in the coin's metal.  See this interesting article explaining how brown-rust spots can appear on gold coins or gold bars.  See brown spots.
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Where the investor goes to buy precious metals.

Buy gold online - quickly, safely and at low prices

Get a FREE gram of gold when you sign up!  For a limited time!

Trade online, in amounts as small as $20 at a time


New Presidential Dollar coins:

~Unusual Edge Letters on President coins

~US mint $ coin press release.

~Production Schedule for upcoming Dollars.

~Legislation Authorizing Presidential Dollar Coins in 2007.


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