The Mint terminology for the 3 annually released coins are bullion, Uncirculated, and proof.
The bullion and Uncirculated are similar in appearance.
The bullion, first of all, carry
no mint mark. They are also not sold directly to the public. They are sold in what is referred to as monster boxes, and from the mint, they are sold to authorized purchasers, not the public directly.
The Uncirculated appear very similar to bullion, but do have a mint mark. They are sold to the public individually.
As far as "satin", the bullion and Uncirculated could both be described as satin.
The proof is usually referred to as a mirror finish. The proof ASEs also have a mint mark and are sold to the public.
Hope this helps clear it up for you.
Oh and Uncirculated ASEs are often referred to as burnished.
Bullion, in addition to being called bullion, are also referred to commonly as "business strike".
So the bullion and Uncirculated aka burnished have a satin finish, the proof ASEs are mirror finish, again this is all very generic and could apply to any coin.
The
ASE shown is a 2007W Uncirculated, which was the second year Uncirculated
ASE.
Edited by Gilly
12/10/2023 8:58 pm