Ultra Cameo
A term that means Deep Cameo, used by the third party grading service NGC. Applied typically to a Proof coin, or a prooflike coin with deeply frosted central devices and lettering in high contrast with the mirror like fields. Sometimes these are called "black and white" cameos.
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Ultra High Relief
Alternate term for Extremely High Relief.
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Ultra Rare
A numismatic item that is represented by only a few examples.
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Unc
An abbreviation for Uncirculated.
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Uncirculated
A coin or numismatic item in new condition, which has seen no wear and has not been circulated, but may show marks from bag storage.
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Underbidder
One that executes the bid preceding the winning bid.
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Undergraded
A coin bearing a grading designation lower than it should.
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Unique
A numismatic item of which only one specimen is known to exist.
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Unsold
An item that did not sell through auction because it did not receive bids equal to or greater than the reserve.
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Used
A term that describes a coin that has light to heavy wear or circulation.
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