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.
The official mintage of the No L gold dollar is 1,000 pieces, all of which were struck on May 8, 1849. Over the years we have seen quite a number of these pieces, enough to make us wonder if the official mintage is correct. On the other hand, it would stand to reason that a large percentage of the production would be set aside by officials as well as the general public as novelties and mementoes. This preservation in high grade was recognized by Paul Taglione in 1982, when he wrote: 'A good number of the 1000 were saved and clearly circulated examples (Extremely Fine and lower) are rarely encountered and little cared about.' Also noted by Taglione 25 years ago, this variant was not listed in the Guide Book. That oversight has now been corrected.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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