This abbreviation for "mint in package" has basically the same meaning as MIB (mint in box) and MOC (mint on card). It is not commonly used since it is fairly vague as to what kind of package it is referring to; it can be applied to either boxed toys or carded figures. As with the other terms, the collector needs to be careful not to understand the "mint" part of the term as applying to the whole of the package. Often it means only that the toy inside of the box is mint.
Description: Ron Salvatore