Here's what it usually implies:
* Signs of wear: The item may have scratches, marks, and other imperfections on its surface due to handling and being passed from person to person.
* Slight discoloration: Depending on the material and age of the item, it might have a faded color or a patina (a thin layer of oxidation) due to exposure to the environment.
* Minor imperfections: These could include dents, creases, tears (for banknotes), or minor damage to the edges or corners.
It's important to note:
* Circulated condition doesn't necessarily mean an item is in bad shape. There are varying degrees of wear, and some circulated items can be quite valuable.
* The specific condition of a circulated item is often graded on a scale, with higher grades representing less wear and tear.
* In contrast to "circulated condition," uncirculated condition refers to an item that has never been used in circulation and is in pristine condition.
So, when you see "circulated condition" on a collectible listing, it means you're looking at an item that has been used and has some degree of wear. The extent of wear and its impact on the value will vary depending on the specific item and its grade.