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 Replies: 8 / Views: 2,120 |
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Pillar of the Community
United States
1326 Posts |
I noticed that someone had a 1978 50-cent graded as MS-66 NBU by ICCS. Out of curiosity I looked up auction prices for this coin on Coins and Canada. Why are the NBU coins worth so much less than the MS-66 coins without this designation?
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Pillar of the Community
Canada
1622 Posts |
ICCS changed their grading terminology from Proof-like (PL) to NBU beginning in 1977.
NBU coins, even though having the MS designation, are basically PL, therefore higher grades are quite common; hence why they are considerably less expensive than business strike coins with equivalent grades.
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Pillar of the Community
 United States
1326 Posts |
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Pillar of the Community
Canada
1051 Posts |
A genuinely harebrained terminology by ICCS. CCCS will call the same post-1976 coin "UNC", just to make things inconsistent :P
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Pillar of the Community
United States
3660 Posts |
One of my longtime customers refers to them as "Special Kind of UNC" coins, or SKUNC for short.  |
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Pillar of the Community
Canada
1463 Posts |
It was a more polished out finish post 76 lacking any cameo, like finish on the brilliant unc silver dollars. I have all the sets in the envelope and that's what I notice. Not very nice to look at compared to a matte finish or the pre 77 type pl envelope sets.
Edited by Alan
11/02/2019 8:04 pm
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Pillar of the Community
United States
1326 Posts |
Quote:
CCCS will call the same post-1976 coin "UNC" This is confusing. Does this mean CCCS makes no attempt to distinguish a business strike coin from a post 1976 specimen coin? Edited by otto
11/02/2019 11:37 pm
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Pillar of the Community
 Canada
5590 Posts |
Supposedly, they had special handling and many were packaged separately by the mint ....some in cello and some in sets. Since many of them never saw the light of day(stored in albums or sets or in drawers), let alone in someone's pocket, there are huge numbers from the mid MS60's out there. Those that got plunked down on a bar to buy a beer only once since leaving the bank , are the TRUE MS.
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Pillar of the Community
Canada
1051 Posts |
Quote:
This is confusing. Does this mean CCCS makes no attempt to distinguish a business strike coin from a post 1976 specimen coin? Sure, they call them mint state, aka "MS" as do all the major services. Calling PL's "UNC" actually makes sense as the mint has historically referred to PL sets as "uncirculated" sets. Everyone seems to be in agreement that pre-1977 sets are in fact "proof-like" sets, even though true proofs did not exist in Canada until 1981. Crystal clear right? LOL |
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Replies: 8 / Views: 2,120 |
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Posted 11/02/2019 4:09 pm
