These two abbreviations stand for, respectively, "mint in box" and "mint in mint box." MIB is frequently used by toy collectors and dealers to refer to items that include their original exterior packages. Often, MIB is applied to toys that also include their interior packaging elements, such as the cardboard inserts that commonly hold a toy in place. But this is not always the case; since the "mint" in this case refers to the toy itself and not necessarily the package, the abbreviation also encompasses mint toys that come inside poor-condition boxes. MIMB attempts to clear things up somewhat by designating the package as being "mint" as well, but collectors still must realize that, as these terms are commonly used, they refer, first and foremost, to an item's overall state of being boxed, and not necessarily to the condition of the box itself.
Description: Ron Salvatore