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An uncirculated coin has never been used in everyday commerce, it will have no wear.
It has to come from a dealer, a newly-opened roll at a bank, or be in a mint package. If you found it in change, it's circulated by definition.
The term "Uncirculated" means any coin that has not been put into circulation.
If the coin is uncirculated the retail value is about $4.25 if it's not, bullion value is $3.00 as of today.
AU is an abbreviation for About Uncirculated. It means a coin which is very close to uncirculated by not quite.