BULLION TERMINOLOGY - U

*Sourced from Kitco.com*

Uncirculated

Within the bullion industry, an uncirculated coin or bar designates an item that has never been owned by any individual or business other than the direct distributor.
 

Unconfirmed (status of transaction)

Status of a transaction before its associated quantity and price have been verified. A transaction in this status would nonetheless qualify as a contractual agreement.
 

United States Mint

With facilities in Philadelphia, Denver, San Francisco, West Point and Fort Knox, the US Mint is the official mint of the United States. The US Mint issues the world’s most purchased and well recognized bullion coins. American Eagle coins carry legal tender face values and a guarantee of authenticity enforced by the US government, specifically the US Secret Service. Kitco offers 1 oz gold, silver and platinum American Eagle coins.

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