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:
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.
Short for certified, meaning rated by a third-party grading service.
Certificate of Authenticity.
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.
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.
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.
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.
Acronym for Numismatic Guaranty Corporation, one of two major coin grading services in the United States.
The New York Mercantile Exchange, a futures exchange where Platinum and Palladium are traded.
Original government packaging. Includes all packaging and certificates as issued from the mint.
An acronym for Produits Artistiques Métaux Précieux, an independent refiner of Precious Metals, located in Switzerland.
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.
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.
An attribute on coins certified by Numismatic Guaranty Corporation (NGC) indicating that the coin has an Ultra Cameo appearance.
Mintmark of the West Point Mint.