What Is A Circulated Coin
Definitions are referenced with permission from The Official American Numismatic Association Grading Standards for United States Coins, 6th edition. Official A.N.A. Definition Once a coin enters general circulation in the channels of commerce, it begins to show signs of wear. After many decades, the coin becomes more and more worn until only a few features remain. The process is as follows: When a coin first begins to show signs of handling, abrasion, or light wear, only the highest parts of the design are affected....