Circumferential waves propagating in a layered, circular cylinder are studied. The cylinder consists of an elastic circular core encased in a hollow, circular cylinder of distinctly different elastic properties. Both smooth and bonded contact are considered. The effect of curvature and layer thickness on the phase velocity of the lowest mode(s) is investigated for both an acoustically softer and an acoustically stiffer layer. When the outer radius of the composite cylinder is unbounded, Stoneley waves are a limiting case as the ratio of the radius of the core to the wavelength increases beyond bounds. When the outer radius is finite, waves in a layer and a half-space result for this limit. Some attention is also directed to the limiting case of small layer thickness to the wavelength ratio. In the limit as this ratio vanishes, the motion of the core reduces to that of Rayleigh waves on the curved surface. For smooth contact, the motion of the core becomes uncoupled from that of the layer for this limiting case, and two distinct modes are seen to exist.