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The Coin
Collecting Dictionary
Welcome to the Coin Collecting Dictionary. Here you will find the
terms, definitions, etc. that are unique to our
beloved hobby. Simply click on the letter
below to bring you to all the terms and
definitions for that letter.
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S
Sheldon Scale
A
system of grading coins which was originally
introduced by the late Dr. William H. Sheldon,
for the purpose of grading large cents. The
system was adapted to all coins in the early
1970's. The scale uses a 70 point rating
system with 1 being the lowest grade and 70
being the perfect coin.
Sherman
Silver Purchase Act
Authored by Senator John Sherman, the Act
replaced the Bland-Allison Act with a new set of
rules for government silver purchases. The
new Act mandated the US Government purchase 4.5
million ounces of silver per month. The hitch
was that these purchases were to be paid with
Treasury bonds redeemable in either gold or
silver. Since gold was seen as the more valued
metal, most bond holders redeemed them for gold
which depleted the Treasury’s gold supply which
then caused a financial panic through the whole
country in 1893. This led to the repeal of the
Sherman Silver Purchase Act.
Series
In
coin collecting, a series refers to a collection
of a specific denomination that has all the
dates and mints within the collection. For
example, the Roosevelt Series would contain all
the dimes produced from each mint from 1946 to
present.
A
series is also referred to as a "set".
Set
See
Series
Slabbed Coin
A
coin that has been encapsulated in a protective
contain usually made out of clear hard plastic.
The coin will have been authenticated and graded
using the 70-point
Sheldon Scale.
ANA Coin Collecting News
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