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"Uncirculated" means a coin that hasn't been in circulation I.E. does not show any wear even to its high points. You can still find coins that are hundred's of years old in uncirculated condition, it has nothing to do with buying from the mint or banks. In the US the term MS (Mint State) is given to uncirculated coins i.e. still in the state it left the mint. When grading companies slab/grade coins the uncirculated grade ranges from MS60-MS70. MS70 being perfect.

You do often however get uncirculated coins with slight scuffs; these are referred to as "bag marks". Bag marks or scuffs are pretty inevitable on coins that were meant for circulation (not proofs, patterns or trials); because of the way coins are piled together.You may also hear the term FDC being used this is a French term which stands for Fleur De Coin. It basically means a perfect coin. This term is usually used when referring to proof coins in perfect condition.

I hope this helps.

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13y ago

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