uncirculated

Uncirculated refers to currency that has not been used in everyday transactions and remains in or close to its original mint or issue condition. In numismatics, it describes coins and banknotes that show little to no wear from handling and retain their original luster, strike, and edges. The term is often used to distinguish collectible items from those that have circulated.

Coins are described as uncirculated when they have not entered general commerce. Collectors typically encounter this status in mint sets, special issues, or coins kept in protective packaging. While “uncirculated” is a common descriptor, formal grading systems use ranges such as Mint State (MS), from MS60 to MS70, with higher numbers indicating fewer marks and better preservation. A widely used marketing phrase for high-quality, uncirculated coins is Brilliant Uncirculated (BU), which signals a strong strike and bright surface, though minor bag marks may still be present. Proof coins, although highly collectible, are not usually described as uncirculated because they are produced with a distinct, often mirror-like finish and are primarily intended for collectors.

Banknotes labeled uncirculated are notes that have not been circulated in circulation and typically show crisp edges, no folds, and minimal handling damage. They may be sold in special sets or by serial number and can also be graded by professional services for quality assurance.

Market value for uncirculated items depends on rarity, date, mint mark, and the degree of preservation. Third-party authentication and proper storage help preserve status and verify condition for collectors.