Glossary of Terms
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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.

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.

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.

New

A term for a coin that has never been in circulation.

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.

New York Close

The last price of a given day's trading for gold on the New York gold COMEX.

NGC

An abbreviation for the Numismatic Guaranty Corporation.

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.

NGC Census Report

A quarterly reference published by NGC listing the number of coins graded and their grades.

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.

Nick

A small mark on a coin caused by another coin bumping against it or by contact with a rough or sharp object.

Nickel

A common term for a 5-cent piece struck in cupro-nickel alloy (actually 75% copper, 25% nickel).

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.

No Arrows

A term applied to coins that do not have arrows by their dates during years when arrows were used on other coins.

No Motto

A term applied to coins struck without the motto, "IN GOD WE TRUST".

No Stars

A term applied to Liberty Seated coins that do not have stars.

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.

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.

Note

Piece of paper money of $1 face value or higher.

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.

Numerical Grading

The Sheldon 1-70 scale used by PCGS, NGC and other third-party grading services.

Numismatic Guaranty Corporation

A third-party grading service based in Sarasota, Florida.

Numismatic News

A weekly numismatic periodical, started in 1952.

Numismatics

The science of money; coins, paper money, tokens, inscribed bars, and all related items.

Numismatist

A student or collector of coins, tokens, medals, paper money, or related items.

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