Satin finishes typically use a matting agent (usually some form of silica)
mixed with the finish to reduce the gloss, then not touched after the final
coat. It's a beautifully efficient and time saving process, and is also much
more forgiving of minor surface imperfections than gloss finishes.
Because of this they can generally be applied much thinner than most
gloss finishes.
Even with the matting agent they will still rub out to a fair gloss (perhaps
60%-80% as opposed to 95%+ of high gloss lacquers), but it comes at a
risk. Because satin finish does not reveal surface imperfections like gloss
finishes would, the manufacturer typically does not chase after pores and
the like for a mirror-level surface. When you try to rub it out it these
imperfections will often show up. If you decide to chase after even the
orange peel you will inevitably find, it can be quite easy to go through the
thin finish. It all varies from one manufacturer to another, so these rules
are very generalized.
I don't know about the Epiphones, but many Asian import instruments
seem to put the color and tinting right below the surface. Even with those
1/16" thick finishes on some, the color will only be perhaps .002" below
the surface.
I played a few of the Masterbilts when they first came out, and agree that
they are an excellent sounding instrument for the money. If it's an
instrument for you to play, I would have to say why bother worrying about
things like the gloss. Just play it. Areas where you rub will polish out
naturally over the next year or two, and if the partial gloss bothers you at
that point you can worry about it then.
_________________ Eschew obfuscation, espouse elucidation.
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