The grade of a circulated coin is based oc how much wear it has.
A uncirculated coin has not been used so it will not have any wear (or dirt) at all. You can also go on-line and find one of the many coin grading sites.
Circulated means the coin has been handled and used. Uncirculated is a coin that hasn't been spent, and is often fresh from a bank roll. Proof is a special strike technique resulting in an extra clean and shiny finish to the coin, and is made specifically for collectors.
A culled coin, or simply a "cull", refers to a coin that is in such bad shape that it has been removed from an otherwise circulated group of coins. Such a coin might be bent, cut, holed, or otherwise damaged.
4-20-11>> Assuming the coin is circulated and has no mintmark, the 1922 Peace dollar is the most common of them all in any grade. A circulated coin is only $37.00 to $41.00 retail.
Circulated means used, so if it has any wear, it's circulated.
The term "circulated" in the world of coins means not in mint condition. In particular, any coin that you find in change is by definition circulated. The way you can tell is by looking closely at the coin and checking for dents, scratches, wear and other signs that the coin has been used (circulated). If in doubt, get it graded by your local coin shop and have them evaluate it for you.
The difference is, a circulated coin has been used. An uncirculated coin has not been used and shows no signs of wear.
The grade of a circulated coin is based oc how much wear it has.
A uncirculated coin has not been used so it will not have any wear (or dirt) at all. You can also go on-line and find one of the many coin grading sites.
An uncirculated coin is bought at the time of it's release, in some sort of protective packaging. If it is out of the packaging, it loses it's status as "uncirculated" and becomes "almost uncirculated" (aUnc), ie. it has been handled. If a coin is in such good condition that you have trouble telling whether or not it has been circulated, get a magnifying glass and examine it very closely. A circulated coin will have very small scratches and nicks on the smooth surfaces. Discolouration or a darkening of the coin does not necessarily mean that it has been circulated.
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.
A reputable coin dealer will be able to value your coin. If the coin has been circulated, you might be lucky to get 50 pence for it.
As the term suggests, the coin has been circulated and handled and will have scratches, dents and some degree of wear visible on the surface of the coin. An uncirculated coin is one that has not been released into general circulation and was probably removed from the minting process and specially packaged so that it remains in "Mint condition".
Circulated means the coin has been handled and used. Uncirculated is a coin that hasn't been spent, and is often fresh from a bank roll. Proof is a special strike technique resulting in an extra clean and shiny finish to the coin, and is made specifically for collectors.
A circulated penny is a coin that has been used in transactions and shows signs of wear or damage from being in circulation. An uncirculated penny is a coin that has not been used in transactions and is in pristine condition, usually taken directly from mint packaging.
A culled coin, or simply a "cull", refers to a coin that is in such bad shape that it has been removed from an otherwise circulated group of coins. Such a coin might be bent, cut, holed, or otherwise damaged.