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Clarification of BU

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hey guys.

hopefully a quick one.
So i have a handle now on Proof and Bullion.

... ''BU'', which means 'Brilliant Uncirculated', is this a 'Bullion coin' that has not yet been unpackaged, and therefore in ''mint condition' ? So, they have been stamped/processed in the usual way and havent had any additional fettling like proof coins?


do i have that right? i have some sovereigns still in the Royal Mint vacuum form plastic, so would these be BU?


thanks. depending whether or not i am correct there may be another question to follow.

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