A circulated coin is a coin that has been used in everyday transactions and passed through the hands of the public as currency. This means it has been handled, exchanged in stores, deposited in banks, and generally experienced the rigors of being used as money.
- Wear and tear: Circulated coins exhibit signs of wear, including scratches, abrasions, flattened details (especially on high points or the rim), and potentially nicks or gouges.
- Loss of luster: They tend to lose their original mint luster (shininess) and may appear dull or discolored.
- Grading: Circulated coins are graded on a scale reflecting their level of wear and preservation. Grades range from AG-3 (About Good) to AU-58 (About Uncirculated), [according to Hero Bullion].
In essence, a circulated coin tells a story of its journey through commerce, reflecting the passage of time and the interactions it has had within the economy.
Are circulated coins worth more?
The obvious detraction to buying circulated coins is that they are unlikely to increase in value over time. A circulated coin will remain face value for the duration of its lifespan, there are very few exceptions to this.
What does it mean for a coin to be circulated?
Good point! Circulating coins are produced by the United States Mint for everyday transactions. Circulating coins are also included in the United States Mint’s annual coin sets, which are the staple of coin collecting.
Are circulated dollar coins worth anything?
From my experience, US dollar coins represent one of the most diverse and misunderstood categories in American numismatics. While most modern dollar coins are worth only face value, certain series and dates can command significant premiums, with some historical silver dollars worth $40 or more in average condition.