We report here on a novel analysis of the complete set of four Stokes parameters that uniquely determine the linear and/or circular polarization of the radio signal for an extensive air shower. The observed dependency of the circular polarization on azimuth angle and distance to the shower axis is a clear signature of the interfering contributions from two different radiation mechanisms, a main contribution due to a geomagnetically-induced transverse current and a secondary component due to the build-up of excess charge at the shower front. The data, as measured at LOFAR, agree very well with a calculation from first principles. This opens the possibility to use circular polarization as an investigative tool in the analysis of air shower structure, such as for the determination of atmospheric electric fields.