Allocated gold
Refers to physical bullion that is stored in a professional vault for safekeeping whose outright ownership belongs to the investor of the stored gold.
Slabbed coins
These are coins encapsulated in plastic to ensure that they are protected against any natural wear and tear. In normal course, slabbed coins are graded by one of the two major grading services.
Ounce or troy ounce
It is a measurement unit used to measure weight. An ounce is a troy ounce that equals 31.1035 grams.
Mint mark
Refers to a letter or symbol, which is stamped on a coin in order to recognise its minting facility.
Metric ton
It is a measurement tool, which translates to 1,000 kilograms or 32,151 troy ounces.
Bullion coin
It is a coin, which possesses a symbolic face value and trades at a price with respect to its intrinsic value.
Fiat money
Refers to paper money that was made a legal tender as per law, but is not backed by metals such as gold/silver.
Field
Refers to the open area or background present on a coin.
Fineness
It is the purity of a precious metal that is measured in 1,000 parts of an alloy. For example, gold bar with fineness of 0.995 means that it has 995 parts of gold and 5 parts of another metal.
Intrinsic value
It is the actual value of the metal content in a coin.