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.
Paradoxically, this highest-mintage Morgan dollar issue is one of the most elusive in pleasing Mint State, according to Q. David Bowers. He writes in his Guide Book of Morgan Silver Dollars: "Many millions exist in Mint State. However, finding one with eye appeal can be a challenge. ... Luster is typically satiny rather than deeply frosty, but quite a few are grainy or dull."
With the countless quantities of 1921-P dollars struck, one would think this would not be a difficult issue in prooflike condition. However, little effort was given to polishing the dies. The focus was more on churning out massive quantities, rather than producing a quality product. As a result, prooflike 1921-P dollars are also quite scarce.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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