Open punctuation has no punctuation after the salutation or complimentary closing, no commas in the addressee's address and no periods after abbreviations:
The President of the United States
Washington DC
Dear Mr Bush
Sincerely yoursClosed punctuation has punctuation after the salutation and closing, in the address and after abbreviations
The President of the United States,
Washington, D.C.
Dear Mr. Bush:
Sincerely yours,
I suppose that 'mixed' punctuation is a middle way between these, and I also suppose that there is considerable difference of opinion as to whether and which punctuations are used where.