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Common Precious Metals Abbreviations

Just like most industries, Precious Metals have their own shorthand. Even after studying Precious Metals for years you may see a line of letters and think, “What was that again?”

In addition to the list of common coin grade abbreviations, We have compiled a convenient list of the most common abbreviations used among Precious Metal collectors and investors:

AUD:
Australian dollar.

AVOIRDUPOIS (AVDP):
The system of weights and measures most commonly used in the United States and Great Britain in which 16 AVDP ounces equals 1 pound. It is used for most solid objects, but not for Precious Metals and gems. One avoirdupois ounce equals 28.35 grams or 437.50 grains.

CAD:
Canadian Dollar.

CERT:
Short for certified, meaning rated by a third-party grading service.

COA:
Certificate of Authenticity.

COMEX:
One of the world's major commodities futures exchanges where Gold and Silver are traded. It is a division of the New York Mercantile Exchange (NYMEX). The COMEX is in New York City.

DCAM:
An attribute on coins certified by Professional Coin Grading Service (PCGS) indicating that the coin has a Deep Cameo appearance.

EFP (EXCHANGE FOR PHYSICAL):
An off-market trading mechanism that enables customers to swap futures and options exposure for an offsetting physical position.

ETF (EXCHANGE TRADED FUND):
A marketable security that tracks an index, a commodity, bonds or a basket of assets like an index fund.

EXCHANGE OF FUTURES FOR PHYSICALS (EFP):
A method by which both parties of a futures contract, that has underlying cash commodities, agree to close out their positions simultaneously.

GOLD-FILLED (GF):
Composed of a solid layer of Gold, which must be at least 5% of the item's total weight, mechanically bonded to sterling Silver or a base metal.

KT.:
Measurement of purity used in showing the fineness of Gold, scaled 1 to 24. One karat is 1/24 pure Gold. 24 karat is pure Gold.

NATIONAL FUTURES ASSOCIATION (NFA):
Futures industry trade association which promulgates rules of conduct and mediates disputes between customers and brokers.

NGC:
Acronym for Numismatic Guaranty Corporation, one of two major coin grading services in the United States.

NYMEX:
The New York Mercantile Exchange, a futures exchange where Platinum and Palladium are traded.

OGP:
Original government packaging. Includes all packaging and certificates as issued from the mint.

PAMP:
An acronym for Produits Artistiques Métaux Précieux, an independent refiner of Precious Metals, located in Switzerland.

PCGS:
Acronym for Professional Coin Grading Service, one of the two major coin grading services in the United States.

ROLLED GOLD PLATE (RGP):
Composed of a solid layer of Gold, which is less than 5% of the item's total weight, mechanically bonded to sterling Silver or a base metal.

SECURITIES AND EXCHANGE COMMISSION (SEC):
An independent governmental agency that administers federal securities laws and regulates the firms that buy and sell those securities.

TPG:
One of the largest private equity investment firms globally, focused on leveraged buyouts, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations.

UCAM:
An attribute on coins certified by Numismatic Guaranty Corporation (NGC) indicating that the coin has an Ultra Cameo appearance.

W:
Mintmark of the West Point Mint.

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