Terms Related to Hot and Cold Gold Stamping The following are some terms that are related to hot and cold gold stamping:
Assay: An assay is a special test that is used to determine how fine a precious metal is.
Base metal: A base metal, or pot metal, is a blend of non-precious metals that is commonly used as a filler for gold plated or gold covered items. Vermeil is the proper term for when gold is layered over silver or another solid metal.
Die: A die is a metal tool that is pressed against metal in order to impart its engraving into the metal. Dies are used for stamping coins. They can also be used to fabricate many other items.
Field: A coin’s field is its background. This is the open area that is located behind the coin’s image or legend.
Fineness: Fineness refers to the purity of a precious metal. For example, a gold bar of .995 fineness is 99.5 percent pure. Gold bars with this particular level of fineness are referred to as gold bullion.
Intrinsic value: The intrinsic value of a coin is the price tag that would be attached to it based on the metal it is made from. Bullion coins, despite the fact that they typically possess a symbolic value, are typically priced according to their intrinsic value. Numismatic coins, on the other hand, are priced according to non-intrinsic factors, like condition and rarity.
Legend: The legend of a coin is the inscription it received during stamping.
Obverse: The obverse of a coin is its front, which usually has been stamped with a person’s likeness. The back of a coin is known as the reverse. This side typically has been stamped with a symbol that is significant to its country of origin.
Planchet: A planchet is a coin or similar piece of metal that is ready for stamping, punching, or another method of forming.
Proof: A proof is a high quality coin that is typically produced especially for collectors. Business strike coins are intended for circulation and are usually not up to the same standards.