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Glossary: n

new A term for a coin that never has been in circulation.

New Orleans The branch Mint established in 1838 in New Orleans, Louisiana. It struck coins for the United States until its seizure in 1861 by the Confederacy. (Some 1861-O half dollars were struck after the seizure.) It reopened in 1879 and struck coins until 1909 (actually closed in 1910). Now this facility is a museum.

NGC Short for Numismatic Guaranty Corporation.

nickel Popular term for a five-cent piece struck in cupro-nickel alloy (actually 75% copper, 25% nickel).

No “CENTS” nickel Those Liberty Head or “V” nickels struck in 1883 without a denomination. This was very confusing to the public and led to the “racketeer” nickel scandal. See also Racketeer nickel.

No Arrows Term applied to coins without arrows by their dates during years when other coins had arrows by the date. (Example: the 1853 No Arrows half dime and 1853 Arrows half dime.)

No Motto Coins struck without the motto, “IN GOD WE TRUST.” This motto was mandated by an act of Congress and appeared on nearly every United States coin since the 1860s. (Teddy Roosevelt felt this was sacrilegious and had it removed from the newly redesigned 1907 eagles and double eagles. Citizen protests soon were overwhelming and it was restored in 1908.) This also refers to coins struck before the motto was added in the 1860s.

No Stars Term applying to the Christian Gobrecht designed Liberty Seated coins without stars.

no-grade Term applied to a coin returned from a third-party grading service that was not encapsulated because of varying reasons. (This could be for cleaning, damage, questionable authenticity, etc.)

numerical grading Specifically, the Sheldon 1-70 scale employed by PCGS and others.

Numismatic Guaranty Corporation Third-party grading service based in Parsipany, New Jersey.

Numismatic News Weekly numismatic periodical established in 1952.

numismatics The science of money; coins, paper money, tokens, inscribed bars, and all related items are included.

numismatist One who studies or collects money or substitutes thereof.

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