Letter G

Gem

An adjective which is typically used by numismatists for any coin which they grade MS65 or Proof 65.

Globex market

An electronic trading platform used for derivative, futures and commodity contracts.

Gold

The native metal, commonly alloyed with silver and, to a lesser extent, with copper, in natural occurrences.

Gold Buffalo

Gold coins issued beginning in 2006. .9999 fine. The obverse and reverse designs are a duplicate of James Earle Fraser’s 1913 design which was used on U.S. five cent coins.

Gold Bullion

Gold coins which closely follow spot prices and have little or no numismatic value. These are most often shaped as bars, ingots and coins.

Gold Color

Various alloys that are used with gold create different colors of the metal, including yellow, red and green. Most common alloys are silver, copper, nickel and zinc.

Gold Dust

Fine particles of gold.

Gold Electroplate

A thin coating of karat gold is applied to a base metal by electrical current; it must be at least seven millionths of an inch thick.

Gold Eagle

See American Eagle

Gold Electroplate

A thin coating of karat gold is applied to a base metal by electrical current; it must be at least seven millionths of an inch thick.

Gold-Filled (GF)

A product that has a layer of at least 10-karat gold, mechanically bonded by heat and pressure to a base metal.

Gold Flashed

Also, gold washed. A thin film of gold applied to a base metal, as in electroplating, but with less than seven millionths of an inch thickness of karat gold.

Gold Nugget

A water worn piece of native gold, usually implying some size, not in minute particles.

Gold Plate

See Gold Overlay

Gold-Silver Ratio:

The ratio of gold vs. silver in metals composition. This is a ratio often used in reference to gold vs. silver spot prices. For instance, the number of ounces of silver needed in order to buy one ounce of gold at the current spot price.

Gold Standard

The term to designate the monetary standard of a country when all the paper money it issues is based by a gold reserve. The United States abandoned the gold standard in 1934.

Good

Coins which are quite worn but have a discernible date. Design, legends and date are clear, but not sharp.

Good Delivery

The requirement that a precious metals bar must meet in order be accepted for delivery at a particular exchange.

Good Delivery Bar

A bar of silver or gold that is approved for delivery against an existing metals contract.

Grade

The condition or state of preservation of a coin. One of the main determining factors of value.

Grading Service

An independent company that grades numismatic or bullion coins. Coins are generally slabbed in a protective plastic container and graded for condition, purity and authenticity. NGC and PCGS are two well-known grading services.

Grain

A very early unit of measurement, a grain is equal to 0.0648 grams troy. There are 480 grains in a troy oz.

Gram

A unit of weight measurement equivalent to .0322 Troy ounces.

Grey Sheet

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