Ron,
As with most things it a matter of degrees of good. Dick is right that roughed out blanks or wood sawn into board and coated keep the best.
I think second place is long logs with cut edges coated with Achorseal. Off the ground is best. I might be influenced to think that way because I own a 2 acre lot on which to store long logs. Its out of the way so no one can see and I can't offend a sole back there with my mess.
Third place is bowl blanks slabbed out and thoughly coated with Anchorseal. Even if I intend to rough out within hours they get coated. Roughed out blanks will keep if cut wisely. If the wood is questionable either rough it to find out or don't counted it surviving.
Tied for fourth place are fresh halves, short logs, chunks, coated then the next group is same fresh shapes uncoated
Next is old halves, short logs, chunks. This group is further lowered in value by the presence of bugs.
Last place comes pieces from an outdoor firewood pile, but hey if that is what you have to turn, turn it.
It comes down to resources of space and time. I am still guilty of hauling home lots of mistakes but I am getting better at realizing my wrong and either cutting the poor choices into a useful form or putting it on the firewood pile.
My last piece of advice on wood storage is share. If you have been blessed with a big find share, sell, trade, or give it away. It's just wood, it grows on trees! (OK, after you get a couple hundred blanks stashed away, then share. I add this in case someone who has visited my shop reads this.)