An uncirculated coin is a coin that has never been used in everyday transactions as money. This means it hasn’t been handled by the general public or subjected to the wear and tear of circulation within the economy.
Here are the key characteristics of an uncirculated coin:
- Pristine condition: It shows virtually no signs of wear on its surface.
- Original mint luster: It retains the shine and brilliance that result from the minting process.
- Sharp design details: All the design elements are crisp and well-defined.
- Potential for minor imperfections: While free from circulation wear, uncirculated coins may have very slight imperfections (such as small scratches or nicks) that result from the manufacturing and transportation process at the mint.
- Cartwheel effect: When tilted under a single light source, the light should appear to “dance” or create rotating patterns across the coin’s surface.
- No wear on high points: The highest points of the coin’s design should show no signs of flattening or diminished luster.
- Original packaging or tube: If a coin is in its original mint packaging or tube, it’s very likely to be uncirculated.
Uncirculated coins are generally more valuable than their circulated counterparts because of their pristine condition and higher collector appeal. They are graded on a scale from MS-60 to MS-70 (Mint State), with MS-70 being a perfect coin with no imperfections. The higher the grade, the greater the value.
In essence, uncirculated coins are prized by collectors and investors for their beauty, historical significance, and potential for value appreciation.
What is special about uncirculated coins?
Circulated coins may be cheaper, but they are likely not in mint condition and have lost some value over time. Uncirculated coins are more valuable since they retain their original condition. While they cost more, their condition means they will likely retain or increase in value.
What do I do with uncirculated coins?
Good point! These coins have never been in circulation and are struck with a pristine finish making them perfect for display or gifts.