Privy mark

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Privy mark (left) of drs. Chr. van Draanen and mint mark on a Dutch coin. Muntteken muntmeesterteken.png
Privy mark (left) of drs. Chr. van Draanen and mint mark on a Dutch coin.

A privy mark was originally a small mark or differentiation in the design of a coin for the purpose of identifying the mint, moneyer, some other aspect of the coin's origin, or to prevent counterfeiting. 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 (soldier) to mint farthings, halfpence and three-farthings. [1]

In modern times, the privy mark is used as a design and marketing feature to commemorate a special event or signify that the coin is part of a set. It is still sometimes used to signify the location or origin of where the coin was minted, but is then usually referred to as a mint mark. [2] [ unreliable source? ] Some privy marked coins – such as the Canadian Silver Privy Marked Maple Leaf – may sell at a premium.

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References

  1. "ANS Digital Library: Mark Newby's St. Patrick coinage". numismatics.org.
  2. "Privy Marks & Mint Marks: Knowing the Difference | Bullion Exchanges". bullionexchanges.com.