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.
From 1829 until 1834, only one die variety of each Capped Head quarter eagle issue was minted. The diameter was reduced slightly from the earlier Capped Head issues coined from 1821 to 1827. Each year saw a limited production that ranged from a low of 3,403 coins in 1829 to a high of 4,540 coins the following year. The average production was 4,170 coins. New technology was introduced at that time, providing a more uniform diameter and appearance to the coin through the used of a closed color that imparted a reeded edge at the same time the coin was struck, eliminating the separate step of imparting the edge device before striking. Mint Director Samuel Moore stated that the new closed collar provided a 'mathematical equality' to the coins.
Throughout the 1820s and into the 1830s, the price of gold increased to a point where the gold value was greater than the face value, inspiring people who had them to melt them down for their gold content. Today, the result of those actions is that few examples survive today, although those that do survive are apt to be in higher grades since they clearly did not circulate.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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