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.
In 1889 the Philadelphia, New Orleans, Carson City, and San Francisco Mints were producing Morgan dollars, with subsidiary silver coins largely ignored. At the four mints, nearly 35 million silver dollars were coined, and more than 33 million of those were struck in Philadelphia and New Orleans. With 21,726,000 struck, the 1889 Philadelphia Mint dollar had the highest annual production of any issue in the entire series from 1878 to 1921. Only the 1922 and 1923 Peace dollars had higher mintages among all silver dollars coined from 1794 to 1935. To understand the size of the 1889 Morgan dollar mintage, consider that all the mints, working together, only produced a little over 20 million silver dollars in total from 1794 to 1875.
Despite the immense mintage, this issue becomes very rare above the MS66 level.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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