CPM Forum

General => Banknote Grading Standards and TPG => Topic started by: BWJM on August 26, 2008, 04:58:24 pm

Title: "BU" or "Brillian Uncirculated" for banknotes?
Post by: BWJM on August 26, 2008, 04:58:24 pm

Dear Banknote Expert...

In the past few days, I've noticed this term appearing at least twice... "BU" or "brilliant uncirculated"

I am at a loss as to how this would apply to banknotes. Where does BU fit with UNC, C.UNC and G.UNC?  Are we moving to a scheme of UNC, A.UNC, B.UNC, C.UNC, D.UNC, E.UNC, F.UNC, G.UNC, etc?

Can you shine some light on this subject please?

-- Confused in Canada

Title: Re: "BU" or "Brillian Uncirculated" for banknotes?
Post by: JB-2007 on August 26, 2008, 05:18:02 pm

I thought that BU was used in grading uncircualted coins.
In grading banknotes, the term UNC, Ch-UNC and GEM UNC should only be used as it would make our lives much easier.

Title: Re: "BU" or "Brillian Uncirculated" for banknotes?
Post by: Oli1001 on August 27, 2008, 12:10:26 am

Quote from: BWJM on August 26, 2008, 04:58:24 pm

-- Confused in Canada

Sounds like one of those old time anonymous advise columns in the paper...from the 1950's!

From my understanding;

BU is a term used from grading coins. It is essential a description used to classify a broader range Unc (ie, Unc 60 all the way up to Unc 70 - or in paper terms Unc/Choice/Gem)

I guess the basic idea is if you open up a roll of new coins, all of them are BUs. Or on the paper side of it, any note pulled from a brick would classify as a BU even though could be an Unc/Choice/Gem.

Title: Re: "BU" or "Brillian Uncirculated" for banknotes?
Post by: friedsquid on August 27, 2008, 08:16:59 am

Quote

Or on the paper side of it, any note pulled from a brick would classify as a BU

I will now classify my notes for sale as BU  Brick Uncirculated
Will I sell more that way ;D

Title: Re: "BU" or "Brillian Uncirculated" for banknotes?
Post by: Bernie on August 28, 2008, 07:31:24 pm

BU should NOT be used for grading currency!!!!!!!!!!!!! PERIOD!!!!!

I just saw an auction that described the note as GOOD, VERY GOOD, AND UNCIRCULATED all within the same sentence or two.

Education is what is required. I find it strange that coin dealers who sell a lot of currency don't take a little bit of time to educated themselves.