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The grade of a circulated coin is based oc how much wear it has.
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 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.
In circulated condition, face value only.
As with any coin, it will show wear.
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.
A professional coin dealer or a professional coin grading service can determine if a coin is circulated or uncirculated. They will assess various characteristics of the coin, such as its condition, surface quality, and wear, to make this determination.
You can't tell where ANY coin was circulated because there's no way to track where it was spent and how it travelled during its existence.You can, however, tell where a coin was minted by looking for the mint mark. On a Peace dollar it's near the word ONE:No mint mark = PhiladelphiaD = DenverS = San Francisco
You probably got it as change when you broke a bill. Its also scratched up and dirty.
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.
The most circulated coin would be the half dollar. I am not much of a coin expert but I have seen the half dollar mostly circulated then any other coin. That is if your thinking about coins that the mint had stopped making or don't make much of any more.
Circulated means used, so if it has any wear, it's circulated.
Assuming the coin is circulated and has no mintmark, the 1908 Barber dime is a very common coin, for a coin in average circulated condition the values are $2.00-$8.00 retail.
A coin which has "circulated" shows evidence of use in commerce, such as luster interruption, wear, circulation marks, dirt, etc. Conversely, an "uncirculated" coin displays no such evidence.
No mint mark10 to 75 cents for a circulated coin, $1.25 to $31 uncirculatedD mint mark10 cents to $1 for a circulated coin, $4.50 to $35 uncirculatedS mint mark12 cents to $1.75 for a circulated coin, $4.50 to $27 uncirculated
The difference is, a circulated coin has been used. An uncirculated coin has not been used and shows no signs of wear.