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Pillar of the Community
snowman's Avatar
United States
1840 Posts
 Posted 02/14/2008  8:06 pm Show Profile   Bookmark this topic Add snowman to your friends list Get a Link to this Message Number of Subscribers
I'm just wondering what standards everybody uses to differentiate a BU coin from an UNC one. I've always stuck to the Krause standards which basically states a BU coin comes from a mint set (full luster no bag marks). Now I'm beginning to wonder if I'm undervaluing my collection...
New Member
wbryan09's Avatar
United States
32 Posts
 Posted 02/14/2008  8:34 pm  Show Profile   Bookmark this reply Add wbryan09 to your friends list Get a Link to this Reply
I know in the past Krause as well as others have differentiated coins from sealed sets (ie.; No handling issues due to bagging etc) from coins intended for eventual circulation (ie.; Especially in modern times bagged, even though they have no signs of actual 'use' or circulation). I think modern grading standards have evolved to some extent (for the better I'm not sure!) and that modern production and handling processes have definitely changed. It's just my opinion, but I think today there is not generally a distinction as you mentioned in your initial post. In 2007 I see lots of coins presented as BU that show bag marks, often more than I think are warranted by some of the high grades I see. I'm not encouraging anyone to use TPG's that do not believe there is any benefit in using them. But, I think that a judiciously graded coin given a numerical grade from MS60 up allows a way to distinguish between the true gem or choice coins from sets that are virtually perfect vs high grade UNC coins that may show noticeable bag marks and/or surface imperfections from modern mint and handling process without showing signs of true 'wear from circulation'. It'll be interesting to see what others add in this thread!
Edited by wbryan09
02/14/2008 8:36 pm
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