A circulated coin is one that has been released into the public for use as currency.
Here’s what that means:
- Used in transactions: Circulated coins are those that have been used to buy and sell goods and services, passing from hand-to-hand in daily commerce.
- Wear and Tear: Because they’ve been handled extensively, circulated coins inevitably show signs of wear and tear, such as scratches, nicks, or a duller finish, [according to Benzinga].
- Contrasted with Uncirculated: Uncirculated coins, in contrast, have never been released into circulation and are typically in pristine, mint condition, showing little to no signs of wear.
- Value considerations: While circulated coins generally have less value than their uncirculated counterparts, some exceptions exist. Rare or historically significant circulated coins can still be very valuable to collectors.
Essentially, a circulated coin is a coin that has been part of the everyday flow of money in the economy, and its condition reflects that use.
How do you tell if a coin is circulated or not?
From my experience, Circulated coins will have scratches and wear from handling, while uncirculated coins will be free of these marks. Look at the coin’s edge. Circulated coins often have nicks or gouges, while uncirculated coins have smooth edges. Look at the coin’s luster.
What does it mean for a coin to be circulated?
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.
How do you know if a coin is in circulation or not?
If the coin does not exhibit the “cartwheel effect,” it has been circulated and cannot be classified as uncirculated.