The term 'prized mushroom' refers to two types of mushrooms that are highly sought after by chefs and gourmands alike. The first is the MOREL, which is a type of edible mushroom with a distinctive honeycomb-like cap. It is found in North America, Europe, and Asia and is prized for its nutty flavor. The second is the cep, also known as the porcini or boletus, which is a large, meaty mushroom with a strong, earthy flavor. It is found in Europe, North America, and Asia and is highly valued for its culinary uses.