Coin label question

[baylorhall]

I am not a coin collector (yet), but was going through my dad's collection. I noticed on a few holders he had "Fido" written on it. I KNOW he was not talking about a dog, but I have no idea what that might mean. Also, what is the difference between AU and BU in the grading of a coin? He had all sorts of things written on the holders! Thanks!

 

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[Mackaydon]

Some call a FIDO a coin with a mint error.

AU stands for "Almost Uncirculated." It represents numeric grades 50-59 (70 being perfect in every way), or just below uncirculated.

BU stands for "Brilliant Uncirculated." In general this description is discouraged in light of numeric grading, as BU is really in the eyes of the beholder. Some feel that BU should be reserved for MS-65 or better, while others will include all the mint-state grades (60-69) under the term.

In General
AU (About Uncirculated) is the grade between XF (Extra Fine) and UNC (Uncirculated). AU graded coins will have just the lightest touch of wear on only the high points of the coin's design.

BU (Brilliant Uncirculated) coins, for the most part, are called that to avoid assigning a specific numeric grade -- to let the buyer determine their own grade. In general, you will find these coins to grade in the MS-60 to MS-63 range.

Don...

Source: http://74.125.47.132/search?q=cache..._coin+AU+BU&hl=en&ct=clnk&cd=2&gl=us&ie=UTF-8

 

[baylorhall]

Fantastic response! Thanks so much for your help. I couldn't find Fido in my red book and was confused with the AU and BU.

 

[Mackaydon]

Baylor:
Post pics of the FIDOs if you wish.
Many here on TN are able to describe the FIDO and its current value.
Also the same with the BUs and AUs, if you want.
Don.....