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Difference Between Circulation And BU

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2Bits's Avatar
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 Posted 09/30/2013  11:28 pm Show Profile   Bookmark this topic Add 2Bits to your friends list Get a Link to this Message Number of Subscribers
I'm really curious as to how one can tell the difference between a Circulation Strike and a Prooflike/Numismatic BU on new coins. Looking at trends for say a 2010 quarter, they are listed as Circulation MS65 at 20$ and BU MS65 at 2$ but aside from having it in the mint set how do I tell the difference? Are they not all circulation strikes?
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qbvbsite's Avatar
Canada
849 Posts
 Posted 09/30/2013  11:35 pm  Show Profile   Bookmark this reply Add qbvbsite to your friends list Get a Link to this Reply
I believe its the type of finish..The BU coins come out of sets and such.

I know I have a 1985 Dollar both in ms-64 with one being BU... The BU coin has a mirror fields and the ms coin does not...
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2Bits's Avatar
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 Posted 09/30/2013  11:40 pm  Show Profile   Bookmark this reply Add 2Bits to your friends list Get a Link to this Reply
OK that makes sense. I was under the impression that the coins in the year sets were just "hand picked" circulation strikes.
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 Posted 09/30/2013  11:56 pm  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
Almost all Numismatic BU coins were struck in Ottawa. All circulation coins for about the last thirty years have been struck in Winnipeg.
"Dipping" is not considered cleaning...
-from PCGS website
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secoinedchance's Avatar
Canada
449 Posts
 Posted 10/01/2013  12:01 am  Show Profile   Bookmark this reply Add secoinedchance to your friends list Get a Link to this Reply
Here is another question along the same lines. What is the difference between Proof-like strike and specimen strike?
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sel_69l's Avatar
Australia
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 Posted 10/01/2013  01:35 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Specimen coins are made from dies that are first strikes from dies that are then used for business strikes.
The coins are individually extracted from the press, and individually packaged for the collector. They should not have any bag marks.
Business strike coins usually have bag marks that result from dropping onto a pile of other coins, after automatic ejection from the coining press. Less severe bag marks can result from business strike coins being packaged in bulk for distribution.

Proof-like coins are struck from either selected or polished blanks, and are struck using dies that have polished fields. The raised features on the coins are usually not cameo. Proof-like coins are sometimes double struck, but that more often applies to proof coins.
They are also individually extracted from the coining press and packaged individually.

Originally, many decades ago, proof coins were struck from selected blanks and were the first coins struck off a new die. The dies were not modified by polishing or cameo treated in any way. These sorts of proofs were retained by the Mint for quality control purposes. By their nature, they are very rare, and can command very large sums of money at auction. They don't look all that different from a modern 'specimen strike', in terms of quality.
Edited by sel_69l
10/01/2013 03:14 am
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glenzy1's Avatar
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 Posted 10/01/2013  03:38 am  Show Profile   Bookmark this reply Add glenzy1 to your friends list Get a Link to this Reply
2bits, the term Numismatic Brilliant Uncirculated is a recently adopted by Charlton Cat. and I.C.C.S. to describe N.C.L.T./prooflike coins.
When viewing 99% of Business strikes, there is always some contact marks found in the field of the coin, whereas, the N.B.U. coin is virtually flawless, has mirror like fields and usually grades MS-66/67/68 via I.C.C.S.

Glenn
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secoinedchance's Avatar
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 Posted 10/01/2013  07:28 am  Show Profile   Bookmark this reply Add secoinedchance to your friends list Get a Link to this Reply
Thank you sel!
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kuh_85's Avatar
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 Posted 10/01/2013  10:01 am  Show Profile   Bookmark this reply Add kuh_85 to your friends list Get a Link to this Reply
Keep in mind that for the last couple of years the coins in sets are circulation strikes and no longer BU.
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2Bits's Avatar
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 Posted 10/01/2013  10:41 am  Show Profile   Bookmark this reply Add 2Bits to your friends list Get a Link to this Reply
If for the last couple of years the sets are coming from circulation strikes(reason for the less then desirable looking sets compared to previous years), then which sets would the BU coins be found in?
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 Posted 10/01/2013  10:43 am  Show Profile   Check SPP-Ottawa's eBay Listings Bookmark this reply Add SPP-Ottawa to your friends list Get a Link to this Reply
None, past 2010.
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2Bits's Avatar
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 Posted 10/01/2013  10:52 am  Show Profile   Bookmark this reply Add 2Bits to your friends list Get a Link to this Reply
Then why would trends have different prices for circulation and BU, even on post 2010 coins?
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 Posted 10/01/2013  11:05 am  Show Profile   Bookmark this reply Add DBM to your friends list Get a Link to this Reply
You're right 2Bits, they are still listing prices for 2011 and 2012 NBU coins.Guess it takes years for news to travel from the front pages to the Trends editors.Just another example of how out of touch with the reality of the marketplace Trends is.
"Dipping" is not considered cleaning...
-from PCGS website
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rmc's Avatar
Canada
478 Posts
 Posted 10/01/2013  11:48 am  Show Profile   Bookmark this reply Add rmc to your friends list Get a Link to this Reply

Quote:
Keep in mind that for the last couple of years the coins in sets are circulation strikes and no longer BU.


Why could they not be called BU? They would still be MS right? Are they not just a better quality business strike?

To me...that BU IMO
Edited by rmc
10/01/2013 11:56 am
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