National Bank
A term used to describe a commercial bank that is incorporated under the laws of the federal government. These banks are given a federal charter number, pursuant to the National Banking Act of 1863 and amendments and were regulated by the Comptroller of the Currency, an officer of the Treasury Department.
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National Bank Note
A note which bears the imprint of a specific National Bank and its location, plus the signature of bank officers, in addition to federal signatures and information.
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NCLT
An abbreviation for a non-circulating legal tender coin issued for collectors at a premium, and with a stated face value, but not used in circulation. Term devised by Krause Publications.
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New
A term for a coin that has never been in circulation.
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New Orleans Mint
A branch of the United States Mint, located in New Orleans, Louisiana that struck coins from 1838 until its seizure in 1861 by the Confederacy (however some 1861-O half dollars were struck after the seizure). The mint reopened in 1879 and continued until 1909. This mint uses the “O” mintmark.
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New York Close
The last price of a given day's trading for gold on the New York gold COMEX.
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NGC
An abbreviation for the Numismatic Guaranty Corporation.
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NGC Black Holder
A first generation NGC holder where the inside of the slab was black and not white. The label was on the reverse side. Considered to be highly collectible and sought after.
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NGC Census Report
A quarterly reference published by NGC listing the number of coins graded and their grades.
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NGC Fatties
Slang term for old holders where the slab is thicker than what is currently in use by NGC. There are several different varieties and label styles.
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Nick
A small mark on a coin caused by another coin bumping against it or by contact with a rough or sharp object.
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Nickel
A common term for a 5-cent piece struck in cupro-nickel alloy (actually 75% copper, 25% nickel).
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No "CENTS" Nickel
A Liberty Head or "V" nickel struck in 1883 without a denomination. This caused much confusion and led to the "racketeer" nickel scandal.
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No Arrows
A term applied to coins that do not have arrows by their dates during years when arrows were used on other coins.
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No Motto
A term applied to coins struck without the motto, "IN GOD WE TRUST".
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No Stars
A term applied to Liberty Seated coins that do not have stars.
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No-Grade
A coin that has been returned by a third party grading service that was not encapsulated due to cleaning, damage, questionable authenticity, or many other reasons.
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Non-Circulating Legal Tender Coin
A coin issued for collectors at a premium, and with a stated face value, but not used in circulation. Term devised by Krause Publications.
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Note
Piece of paper money of $1 face value or higher.
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Novodel
A coin struck from dies made later than the date on them and for which there was no original issue. The 1804-dated dollars are novodels as they were first minted in 1834.
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Numerical Grading
The Sheldon 1-70 scale used by PCGS, NGC and other third-party grading services.
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Numismatic Guaranty Corporation
A third-party grading service based in Sarasota, Florida.
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Numismatic News
A weekly numismatic periodical, started in 1952.
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Numismatics
The science of money; coins, paper money, tokens, inscribed bars, and all related items.
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Numismatist
A student or collector of coins, tokens, medals, paper money, or related items.
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