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BU Coins

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hockingzig's Avatar
United States
1450 Posts
 Posted 08/16/2008  6:09 pm Show Profile   Bookmark this topic Add hockingzig to your friends list Get a Link to this Message Number of Subscribers
I know it means brilliant uncirculated but where does it fall in relation to AU and MS grades? Is it a catch-all term before actually grading a coin or what does it really signify? Am I opening another huge can of worms here?
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tights24's Avatar
United States
2254 Posts
 Posted 08/16/2008  6:15 pm  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
I can't remember the exact order, but I think it goes something like:

BU = MS60-63
Gem BU = MS64-65
Superb Gem BU = MS66+

Or something of that nature. I believe they used this term for bulk submissions of coins at one point, and I think you will see NGC using this method. I don't know that's it's currently still being practiced though.
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vermontensium's Avatar
United States
16681 Posts
 Posted 08/16/2008  6:29 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
BU generally means MS63.
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Archraz's Avatar
United States
3499 Posts
 Posted 08/16/2008  9:21 pm  Show Profile   Bookmark this reply Add Archraz to your friends list Get a Link to this Reply
I have always considered BU to mean a nice uncirculated coin with a nice luster. If a coin is uncirculated but has lost luster, I just consider it "UNC."
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Jaobler's Avatar
United States
6398 Posts
 Posted 08/16/2008  9:41 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
When you buy a "BU" coin from many dealers, including big advertisers in the national magazines, you are lucky if you get a no-problem MS-60. More frequently you will receive an AU-50 to AU-55 "slider" with cleaning or other problems.

Some reputable dealers call a coin BU if it grades MS-60 to MS-62. Choice unc will be MS-63 to MS-64, and gem is MS-65.

I've purchased raw coins from Stacks auction house. A quarter that they graded Choice BU was slabbed at MS-65 at PCGS. A Morgan dollar called Gem BU also got an MS-65 from PCGS. A $10 Indian gold piece they called BU (no Choice, no Gem) graded AU-58 at ICG.
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