To circulate a coin means to release it for use as currency in everyday transactions . These are the coins that are used for purchases, change, and general commerce. They are also known as circulation issues or business strikes.
- Function: Circulated coins are designed for use in daily transactions as opposed to being solely collector’s items or commemorative pieces.
- Wear and tear: Because of their constant handling and use, circulated coins naturally develop signs of wear and tear, such as scratches, dents, and flattened details.
- Value: While generally less valuable to collectors than uncirculated coins, [some circulated coins can be quite valuable] due to factors like rarity, historical significance, or error characteristics. For example, the 1969-S Lincoln Cent with a doubled die cast on the obverse can be worth around $24,000.
- Commonality: Circulated coins are the most common type of coins in existence and are encountered in everyday pocket change.
In contrast, uncirculated coins are those that have never been released into circulation and are generally kept in pristine condition, often retaining their original luster and sharp details. While both circulated and uncirculated coins can be worthwhile for collectors, understanding the difference is essential, particularly when it comes to assessing their potential value.
Is it better to buy circulated or uncirculated coins?
Uncirculated coins are made using the same method as circulating coins, but are struck multiple times with greater force. They also have enhancements such as early strikes, special cleaning and special packaging which make them an attractive purchase.
What is the difference between circulated and uncirculated currency?
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 does it mean when a coin is in circulation?
Circulation issue coins are normally produced in relatively large numbers, and are primarily meant to be used as pocket change, not collected.