The NGC Universal ID is a four digit alphanumeric that groups coins based on a unique combination of date, mintmark, denomination and striking process (MS, PF, or SP). These IDs are a simple organization of all coins prior to variety attribution and grading.
At 423,700 business strikes, the 1869 Liberty Seated dollar is on the high side among series mintages. Whatever happened to most of those coins is quite a mystery. Q. David Bowers notes in his Silver Dollars and Trade Dollars of the United States: A Complete Encyclopedia: 'In The Gobrecht Journal, March 1986, Harry E. Salyards, M.D. contributed 'Rarity of the 1869 Dollar,' which told of his survey of 57 different coins which appeared in 128 auction sales, 1975-1985. He noted that ? 36 Proofs [of just 600 made] appeared in comparison to only 23 business strikes. The latter broke down to eight Uncirculated coins and 14 in lesser grades.'
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