A privy mark was originally a small mark or differentiation in the design of a

coin A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by ...

for the purpose of identifying the

mint Mint or The Mint may refer to: Plants * Lamiaceae, the mint family ** ''Mentha'', the genus of plants commonly known as "mint" Coins and collectibles * Mint (facility), a facility for manufacturing coins * Mint condition, a state of like-new ...

moneyer A moneyer is a private individual who is officially permitted to mint money. Usually the rights to coin money are bestowed as a concession by a state or government. Moneyers have a long tradition, dating back at least to ancient Greece. They bec ...

, some other aspect of the coin's origin, or to prevent

counterfeiting A counterfeit is a fake or unauthorized replica of a genuine product, such as money, documents, designer items, or other valuable goods. Counterfeiting generally involves creating an imitation of a genuine item that closely resembles the original ...

. One of the first instances of a privy mark used as a counterfeit measure was during the 17th century in a plan proposed by Sir Edward Ford to mint farthings, halfpence and three-farthings. The main distinction between a privy mark and a

mint mark A mint mark is a letter, symbol or an inscription on a coin indicating the mint where the coin was produced. It is distinct from a mintmaster mark, the mark of the mintmaster. History Mint marks were first developed to locate a problem. If a co ...

lies in their purposes. Unlike a mint mark, which indicates the coin's place or source of minting, a privy mark may also indicate where a coin was minted and serves as a design and marketing element to honor a significant occasion or denote its inclusion in a specific collection. Some privy marked coinssuch as the Canadian Silver Privy Marked Maple Leafmay sell at a premium.

References

Numismatic terminology Currency production {{Coin-stub

See also

References