I picked up some "BU" Peace Dollars from one of the online retailers. Here's what I got: On the left is a Peace Dollar I picked up from the LCS a few years back from the junk silver tray. I got around 30 of these @ $16 each. On the right is what I got online, it just doesn't look right. If the coins have been cleaned and polished, are they still considered BU? I wouldn't think so. What do you think?
A coin that is a slider is right on the edge of being mint state, usually with a slight rub or other form of light wear. A lot of the time dealers sell sliders as full UNC's or as BU.
Thank you Randy, good to hear! The only other big silver dollars I have as shiny as these new ones I got look frosty blast white with lots of cartwheel and luster, these looked off to me!
Thanks for the feedback! I'm not intending to sell anything or have anything graded, just want to be sure it was a good lot to stack!
Back in the old days, dealers often sold BU, Choice BU, and Gem BU coins, which sort of implied ~MS-60, ~MS-63, ~MS-65 but there were no hard and fast rules and AU coins were often sold as BU. Then, as now, it's whatever the seller wants to call them.
I didn’t take it as you were going to sell but that dealers teams yo do so. BU is Brilliant Uncirculated snd has nothing to do with MS grades. BU is a term used when a grade most likely can not be given.
MS Peace dollars as a whole have very different luster from Morgan dollars. I think @desertgem posted photomicrographs in an old thread showing how the flow lines were different.