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Message:: [QUOTE="CamaroDMD, post: 2581605, member: 5233"]I think what is being confused here is that in this context "uncirculated" is a description of the condition of the coin...not its history.  Yes, a mint state coin pulled from circulation has obviously been used in commerce in some form (and thus it has a history of circulation)...but from a condition standpoint it's "uncirculated." I could be wrong (and if I am feel free to correct me...Doug)...but I have always felt that using the term "uncirculated" is somewhat of an informal way of describing a coin.  There is no grade that is called uncirculated.  There is a grade that is "Almost/About Uncirculated" (I have seen both "almost" and "about" used in books and I don't know if one is more correct that the other)...those are coins that would receive a numerical grade of 50-59 such as AU50.  Those are coins that have slight wear.  Once you move into coins that have no wear...the grades change to "Mint State" or "MS" 60-70.  So, I have always felt that "uncirculated" was simply a less formal (and perhaps more confusing) way to say "mint state."[/QUOTE]