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 Replies: 12 / Views: 6,817 |
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New Member
Canada
10 Posts |
Hello,
I recently acquired a coin that was graded by ICCS MS-66 and under comments the paper says 'Numismatic BU'.
I was wondering what exactly that means and does it detract from the value of an MS-66 coin.
Other MS-66 coins I have seen of this variety do not have that.
Thanks! Edited by 1977MS66
04/14/2011 12:31 am
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Valued Member
Canada
287 Posts |
Quote:
Other MS-66 coins I have seen of this variety do not have that. Which coin is it? |
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New Member
 Canada
10 Posts |
Oh, 1977 MS-66 10 cent (I named myself after it)
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Pillar of the Community
 Canada
9866 Posts |
 "Numismatic BU" means it was once part of a collector set,it is not a circulation strike. Edited by DBM
04/14/2011 01:05 am
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Valued Member
United States
108 Posts |
ICCS uses the term "Numismatic BU" to indicate that the coin was removed from an uncirculated mint set. This is as opposed to a coin that was removed from circulation that obtained an identical high grade. I would personally consider a high grade CLT (Circulating Legal Tender) coin to have a greater value than an NCLT (Non-Circulating Legal Tender) coin because the NCLT was specifically minted with different specifications to ensure a higher quality (like with Proof and Specimen).
It is much like in the U.S. when a Special Mint Set (SMS) coin grades at the same grade as a business strike (or CLT) coin. In most instances, the high grade business strike coin will have a greater value for collectors as extra precautions and special care was not given to their minting and distribution to the public.
It's kind of like coal and diamonds. There's nothing special about finding a diamond inside a bag of diamonds...but to grab one out of a pile of coal is truly a find. ;)
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New Member
Canada
10 Posts |
Thanks!
Would you be able to give me a value for the coin.
I think I may have gotten duped, just didn't know the terminology.
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Valued Member
Canada
51 Posts |
CCN Trends has 1977 10 cents MS-66 Numismatic BU priced at $10.
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New Member
Canada
10 Posts |
Thanks, I paid $15 but it was a good lesson I guess. And it looks nice.
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Valued Member
Canada
51 Posts |
Yeah I've had my own share of "lessons" too - and I learned something new from your experience also. To be honest, I don't think it makes much sense that where the coin came from should affect the value so much.
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Valued Member
Canada
307 Posts |
I am going to jump in here with my Two Cents no pun intended....even if you paid $15.00 for that coin as long as you are happy and have a coin for your collection, you did not get ripped off  ......mind you if you had the knowledge then, that you do now maybe you could have negotiated a better price  stll congrats on your coin  |
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Pillar of the Community
Canada
1051 Posts |
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To be honest, I don't think it makes much sense that where the coin came from should affect the value so much. It makes perfect sense. 1 in 300 or 500 business strike coins might make MS-66, but 1 in 2 coins from a set will make NBU-66. ICCS has allowed so many people to be burned because of their idiotic terminology, it makes my head spin. |
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Pillar of the Community
Canada
1923 Posts |
1977MS66,watch when buying coins in CCCS graded packages they use the term UNC for NBU and MS for business strikes
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Pillar of the Community
Canada
1733 Posts |
I've pulled apart new boxes of dimes in the 70's and did not find an MS66. Sometimes only 1 in 3 boxes. You get hopeful and start thinking the 65's are going to be a 66 as your mind plays trick on you but then you find a super gem and realize you were fooling yourself.
Further, they look different, they photo differently, they scan differently, they have a different finish - thus they are different and people don't value a mere 66 in something that was meant to aim for that. Now if you get a NBU 67 or NBU 68, prices go up.
This years UNC sets however... I can't tell the difference. I'm going to submit a set for grading to each company here in Canada after I cut them out and see if the graders can either.
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Replies: 12 / Views: 6,817 |
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Posted 04/14/2011 12:49 am
