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Any coin can be circulated or uncirculated depending on whether it's been spent in change or not. A coin that's received directly from the Mint, or from a bank that received it from the Mint without handing it out in change, is uncirculated. As soon as the coin has been spent, it becomes circulated. An analogy is buying a new car. The moment you drive it off the lot after paying for it, it's now a used car even if you haven't driven halfway around the block.

Note: Unless you know a coin's "provenance" (a fancy term that means "where it came from") that's difficult to determine circulated versus uncirculated when a coin shows no obvious wear.

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15y ago

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