The vocabulary of a buy-side quote.

Melt value

What the metal in a piece is worth on its own, calculated from its precious-metal content, its weight and the current spot price. On a generic bullion coin melt is nearly the whole value; on a certified rarity it is the floor beneath the value. On copper, nickel, tokens and paper currency melt is effectively zero and the entire line is premium.

Numismatic premium

Everything a piece is worth above its melt value: scarcity, condition, series demand, eye appeal. It is the part of a coin’s price that has nothing to do with metal, and the part that requires evidence rather than arithmetic.

Collector premium

A plain-language name for value above applicable precious-metal melt. The customer copy presents your chosen offer and direct-sale explanation; dealer reference values and blend arithmetic stay on dealer screens.

Implied premium (aspirational)

What sellers are asking on retail listings, shown beside the sold comps for context. Your offer band is built on completed sales.

Realistic premium

Premium derived from reviewed sold evidence after applicable metal normalization. Your selected controls, eligible reference anchors and fallback behavior shape the suggestion.

Sold comparable sale (comp)

A completed transaction used as evidence for a comparable piece. Review identity, grade and match details and include or exclude evidence; a dealer-requested refresh differs from retained demo samples.

Normalized comp

A comparable sale adjusted back to the spot price on the day it closed, so its metal component and its premium component can be separated. Without normalization, a $2,400 sale in March and a $2,400 sale in August look identical while representing very different premiums.

Outlier fencing

Excluding comparable sales that sit statistically far from the rest of the set, rather than discarding them by eye. It keeps one unusual auction result, such as a bidding war or a mispriced listing, from dragging a whole valuation with it.

Spot price

Recorded market context per troy ounce for gold, silver, platinum or palladium. CounterMint gets spot from a market data provider, refreshes it every minute and time-stamps it on every quote.

Buy band

Dealer-configured payout rules applied to eligible metal, comparable or reference evidence. Review the series, grade, applicable controls and availability before relying on a suggested range.

Premium share

The share of the calculated numismatic premium a dealer pays out. A shop might pay 100% of melt plus 10% of premium on ordinary material, 20% on prestige series, and no premium at all on generics. It is how a dealer’s margin is expressed as a rule instead of a mood.

Itemized purchase offer

An offer with a chosen amount and total for each item or reviewed group. Customer material does not need a labeled wholesale value or detailed dealer blend calculation.

Photo-assisted intake

Proposed item separation and visible-detail extraction from a photo, followed by dealer review and correction.

Dead band

A movement threshold below which a re-pricing quote ignores the market. It stops ordinary minute-to-minute noise from changing a number in front of a customer.

Upward cap

The limit on how far a live quote may move in the customer’s favour before a person has to approve it. Movement past the cap goes to a review queue rather than straight into the offer.

Locked line

A single line both sides have agreed. It stops re-pricing at the moment of agreement and carries its own deadline from that instant.

Honor window

How long an agreed line is honoured after it locks: a fixed number of hours, or end of business day in the shop’s timezone. Stamped at the moment of agreement; reopening the quote link never restarts it.

Counter-offer band

Configured bounds for automatic acceptance, decline and manual review, together with count limits. A counter visit window is distinct from the issued quote expiry and agreed-line honor deadline.

Quote ID and PIN

The two values printed on a paper offer that let a customer reopen the live version of it in a browser. Both are required, and the retrieval portal will not confirm whether a Quote ID exists, so a mislaid sheet cannot be used to go fishing.

Karat and fineness

Two ways of stating how much precious metal is actually present. Karat is the jewellery convention, in twenty-fourths: 14k is 14 parts gold in 24, or .5833 fine. Fineness is the decimal form used on bullion and coinage. Fineness multiplied by weight gives metal content, which is what melt value is calculated from, so on scrap the karat stamp is the single most important thing on the piece.

Scrap

Material bought for its metal content rather than its collectable identity: broken chain, dental gold, sterling flatware, mixed-karat parcels. Priced from karat, weight and payout percentage rather than from comparable sales.

Raw versus certified

Raw material needs dealer judgment. A readable certified holder label can supply a transcription to review; the app does not authenticate the holder or independently grade the coin.

Pricing controls

Metal only requires premium off, valid metal inputs and no applicable wholesale reference or override. Comps-only and guide-only prefer the chosen anchor but can fall back to the available eligible anchor. Blend weights the guide anchor and comps band; one eligible anchor can be used alone.

Manual wholesale reference

A dealer-entered value tied to the line’s matched grade, source label and publication date. Review staleness and recheck after identity or grade changes. An eligible reference is a dealer input, not a public customer value.

Connected key and lookup cache

A connected guide key stays encrypted until disconnected or replaced. Cached lookup values have separate bounded retention; their expiry does not mean the credential expires. Access requires the dealer’s authorized subscription.

Technical indicators

Moving averages, RSI, MACD, gauge/ribbon and ranges describe provider-delayed or sampled history. They are not predictions, Buy/Sell instructions or offer-changing controls. An optional daily quote note carries its date.

Active counter profile

The staff identity currently selected on a shared device. Lock screen and Switch profile use individual four-digit quick PINs and attribution follows that profile. Quick switching is not a separate security boundary.

Partial acceptance

A quote where some eligible lines are accepted and others remain. Quote history preserves a per-line tally for reviewing accepted amounts and the remaining offer.

Counter visit window

The configured period for bringing agreed items to the counter after counter-offer handling. It is separate from quote expiry; reopening the link does not create a fresh deadline.

Customer acceptance automation

An optional control, off by default, for honoring the issued price within a configured dollar or percentage tolerance. Beyond it, price rises and falls have separate review/automatic choices. Active Premium Protection takes priority and always requires review.

Every one of these is a switch you set, not a number we choose.