Denotes money that has served a purpose in the channels of commerce, i.e. it is no longer mint state (uncirculated).
Found on http://www.encyclo.co.uk/local/10142
circulated 1. Something that is moved freely through a circuit or which has followed a circular route. 2. Distributed or passed from person to person or from place to place. Found on http://www.wordinfo.info/words/index/info/view_unit/479/
Term used to describe coins with obvious signs of wear or damage from use as a medium of exchange in regular commerce, or through mishandling. Found on https://www.encyclo.co.uk/local/22578