GLOSSARY

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.