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<p>[QUOTE="Burton Strauss III, post: 2799439, member: 59677"]Circulation in coins has nothing to do with any of that. Circulated simply means the specific coin was used, vs. mint state (unused).</p><p><br /></p><p>Yes, certainly, you buy a mint roll, break it open and pay at the corner store, the cashier likes the coin and keeps it... technically it's circulated (it was pulled from circulation), practically it has no marks of circulation (wear) and will be graded as mint state.</p><p><br /></p><p><br /></p><p><br /></p><p>A commemorative coin was intended to commemorate an event.</p><p><br /></p><p>In the US, the classical series were actually sold to sponsors and then resold by them at a premium to raise money. Today - the modern series - the coins are authorized by special act of congress and a surcharge is collected for the organization.</p><p><br /></p><p>World wide, TYPICALLY commemoratives are minted in smaller quantities, perhaps with special handling and not generally placed into circulation. But it's more intent than actuality... And in the Euro zone, lots of countries do commemorative circulating coins. Canada just issued one for their 150th, minting just one per Canadian.</p><p><br /></p><p>Couple more examples...</p><p><br /></p><p>The US Washington quarter was intended in 1932 to commemorate the 200th anniversary of his birth. So in 1932, it was a commemorative. No quarters were minted in 1933. When it came time to start minting in 1934, people had liked the Washington quarter, so the mint kept that instead of returning to the Standing Liberty design. Fast forward to 2017, Ole' George is still on the face and nobody but a hard core numismatist would think of it as a commemorative.</p><p><br /></p><p>In 2009, for the anniversary of Abraham Lincoln's birth, the mint created four special reverses for the cent instead of using the standard one. They were created to commemorate the event but released for ordinary circulation. So it's not considered a commemorative.</p><p><br /></p><p>In 1892, there was a half dollar created to commemorate the World's Columbian Exposition. They were sold as commemoratives, but sold poorly and many were returned by the sponsor. The mint, not wanting the expense of melting them, just released them at face value. That's why you might see lots of beautifully preserved mint state coins and also well circulated ones of the same "commemorative".[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 2799439, member: 59677"]Circulation in coins has nothing to do with any of that. Circulated simply means the specific coin was used, vs. mint state (unused). Yes, certainly, you buy a mint roll, break it open and pay at the corner store, the cashier likes the coin and keeps it... technically it's circulated (it was pulled from circulation), practically it has no marks of circulation (wear) and will be graded as mint state. A commemorative coin was intended to commemorate an event. In the US, the classical series were actually sold to sponsors and then resold by them at a premium to raise money. Today - the modern series - the coins are authorized by special act of congress and a surcharge is collected for the organization. World wide, TYPICALLY commemoratives are minted in smaller quantities, perhaps with special handling and not generally placed into circulation. But it's more intent than actuality... And in the Euro zone, lots of countries do commemorative circulating coins. Canada just issued one for their 150th, minting just one per Canadian. Couple more examples... The US Washington quarter was intended in 1932 to commemorate the 200th anniversary of his birth. So in 1932, it was a commemorative. No quarters were minted in 1933. When it came time to start minting in 1934, people had liked the Washington quarter, so the mint kept that instead of returning to the Standing Liberty design. Fast forward to 2017, Ole' George is still on the face and nobody but a hard core numismatist would think of it as a commemorative. In 2009, for the anniversary of Abraham Lincoln's birth, the mint created four special reverses for the cent instead of using the standard one. They were created to commemorate the event but released for ordinary circulation. So it's not considered a commemorative. In 1892, there was a half dollar created to commemorate the World's Columbian Exposition. They were sold as commemoratives, but sold poorly and many were returned by the sponsor. The mint, not wanting the expense of melting them, just released them at face value. That's why you might see lots of beautifully preserved mint state coins and also well circulated ones of the same "commemorative".[/QUOTE]
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