BULLION TERMINOLOGY - C

*Sourced from Kitco.com*

Canadian Maple Leaf (Gold or Silver)

See Gold Canadian Maple Leaf, Silver Canadian Maple Leaf, Platinum Canadian Maple Leaf and Palladium Canadian Maple Leaf.
 

Capsule

A small round clear plastic casing used to protect coins or rounds.
 

Cashier’s check

A type of bank check certified by the bank.
 

Certified Coins

Coins that are submitted for encapsulation by an independent grading service to verify the quality, authenticity or state of preservation.
 

Chinese Lunar Calendar

Each year, mints around the world produce Gold and Silver products inspired by the animals of the ancient Chinese lunar calendar. Starting with the Rat (followed by the Ox, Tiger, Rabbit, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog and Pig), each animal comes around once every 12 years. According to Chinese tradition, the animal corresponding with your birth year represents how others perceive you or how you present yourself.
 

Chinese Lunar Coin

Series of coins celebrating the 12 signs of the Chinese Zodiac. Lunar coins are produced in gold, silver, and platinum and their weights vary. Various Mints have produced their own Lunar series, including the Perth Mint, the mint of the People's Republic of China, and the Royal Canadian Mint.
 

Chinese Panda (Gold or Silver)

Coin struck by the official mints of the People's Republic of China, the Chinese Panda coin features on its obverse the Hall of Prayer for Good Harvests of the Temple of Heaven in Beijing. The reverse side bears an annually changing motif of the panda, the lovable animal that has become an icon of wildlife conservation.
 

Circulated (condition)

Precious metal bullion products that have been owned by individuals in the past. Circulated items sold by Kitco have passed quality standards for resale at full bullion value.
 

Coin

Typically circular in shape, coins are used as a means to purchase goods or services and are forms of legal tender by their issuing government mints.
 

COMEX

Chicago Mercantile Exchange - primary exchange for precious metals (gold, silver, platinum and palladium).
 

Completed (status of a transaction)

Status of a transaction once payment has been received and cleared, and the associated metals have been shipped or allotted to their owner's account.
 

Condition

The state (quality, appearance) of an item.
 

Cryptocurrency

A digital or virtual currency that uses encryption technology to generate and regulate units of currency. The encryption techniques allow for verification of the transfer of funds, and transfers and balances operate independently of a central bank, making it theoretically immune to government interference or manipulation.


 

Cull (coin)

A cull coin is a coin with flaws. Scratches, dents, milk spots and impurities may appear on the coin. Cull coins are perfect for those investors who are not looking for the prettiest looking coin but rather looking to obtain pure silver at an affordable price.

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