Morgans 1885(O), 1886, 1921 & 1922

85o VF,86 AU wear on hair.Some of the pics are not showing.

B12

Thanks Rick, I will try these again.

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Can you explain the difference from AU and BU, I have had a hard time finding this information. Do you know why these coins were marked BU?

Thanks again for all your help!

Jen

I've only found information on the AU but I hadn't been able to locate what the BU stood for. Thanks for your help, I really appreciate it.

quote:

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Originally posted by erratic1

Can you explain the difference from AU and BU, I have had a hard time finding this information. Do you know why these coins were marked BU?

Thanks again for all your help!

Jen

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Jen, AU is still a circulated coin even if it is "almost uncirculated" whereas BU is absolutely an uncirculated coin (as others have mentioned, "Brilliant Uncirculated" meaning Mint State as issued by the mint albeit with post-mint bag marks, the number and quality of which will determine the MS grade). Sellers mark such coins as "BU" simply to entice unaware buyers who believe as gospel what a seller has written on the 2x2 holder or in a coin's description. Just because it is written doesn't mean it's true. There are a LOT of unscrupulous sellers who will label almost any circulated coin as "BU" to trap the unwary. A fundamental purpose of this forum section is to teach the difference between circulated and uncirculated coins to prevent such entrapment. Unfortunately, many buyers will purchase such a mislabeled coin thinking they got a deal and will not be aware they have been defrauded until they try to sell it themselves or show it to a knowledgeable numismatist, often many years down the road. I've appraised collections in which the owner's father (or mother or grandmother or etc.) bought many years ago what they thought was a mint state investment coin and saved it as part of their estate only to have their children learn it was a very common circulated coin of little value. This information is often a heart-breaker among family members following the death of someone who thought s/he had invested for their children's future.

Put another way, if you want to see a LOT of circulated coins labeled "BU" by an unethical seller and a LOT of unsuspecting buyers who don't know any better, see the coins offered by estatedoctor:
estatedoctor's "BU" coins

Fred