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The Franklin Mint: Glossary

Entries for letter: f
Fair
  1. A very heavily worn coin. Date may only be partially visible. One of the lowest grades of a coin, F-2.
Field
  1. The background portion of a coin’s surface not used for a design or inscription.
Fineness
  1. The purity of gold, silver or any other precious metal, expressed in terms of 1,000 parts. A coin of 90% pure silver is expressed as .900 Fine.
First Strike
  1. The first coin, or one of the earliest coins, struck from a pair of dies. These are usually Proof like, well struck and nearly perfect.
Frosted Proof
  1. A proof coin that has a mirror like surface in the background with a frosted (raised) surface details on the design. Proof coins are the highest level of the minter's art form and usually command a premiim price in the marketplace.