BU Peace Dollars Look Cleaned & Polished?

Discussion in 'Coin Chat' started by Mkm5, Mar 8, 2024.

  1. Mkm5

    Mkm5 Well-Known Member

    I picked up some "BU" Peace Dollars from one of the online retailers.

    Here's what I got: IMG_20240308_124738572~2.jpg IMG_20240308_124801083~2.jpg

    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?
     
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  3. Mkm5

    Mkm5 Well-Known Member

    Here's what the on-line lot looks like:

    IMG_20240308_130852454~2.jpg
     
  4. Coins4Eli

    Coins4Eli Collector of Early American Copper

    They look fine to me, but many of them look like sliders.
     
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  5. Mkm5

    Mkm5 Well-Known Member

    What is a "slider?" I've heard the term before but not sure what it means?
     
  6. Coins4Eli

    Coins4Eli Collector of Early American Copper

    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.
     
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  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    They appear to be honest to me.
     
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  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    Looks good to me but I’d add that they could easily be sold at a higher grade than they really are.
     
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  9. Mkm5

    Mkm5 Well-Known Member

    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!
     
    Randy Abercrombie likes this.
  10. Mkm5

    Mkm5 Well-Known Member

    Thank you, that makes sense.

    So is BU supposed to categorize all the MS ratings, or am I off here?
     
    SensibleSal66 likes this.
  11. Mkm5

    Mkm5 Well-Known Member

    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!
     
    Collecting Nut likes this.
  12. LakeEffect

    LakeEffect Average Circulated

    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.
     
  13. Mkm5

    Mkm5 Well-Known Member

    That's how I remember it before MS ratings went mainstream!
     
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  14. Collecting Nut

    Collecting Nut Borderline Hoarder

    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.
     
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  15. -jeffB

    -jeffB Greshams LEO Supporter

    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.
     
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