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Glossary: u

Ultra High Relief Alternate name for the Extremely High Relief.

ultra rarity Term used for a coin or other numismatic item that is represented by only a few examples.

Uncirculated Term to indicate a coin or numismatic item that has never been in circulation, a coin without wear. See “Brilliant Uncirculated,” “Mint State,” and “new.” See also brilliant, Uncirculated, Mint State, new.

underbidder The individual or entity that executed the bid preceding the winning bid. Close, but no cigar.

Universal Rarity Scale A collectibles rarity information scale developed in 1998 by 21 major collectibles experts in order to both define rarity within their individual markets and allow collectors and dealers from different collectibles markets to more easily communicate with one another. The Universal Rarity Scale is a 10 point scale. The least rare collectible items are those where more than 10,000 examples are estimated to exist. These items are designated “UR1” and are described as “readily available.” The rarest items are those where only one example is known to exist. These rarities are designated “UR10” and are described as “unique.”

URS Short for Universal Rarity Scale.

Used term to describe a coin that has light to heavy wear or circulation.

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