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.
Proof half eagles were struck in every year of the With Motto series beginning in 1866, and nearly every year is represented in the No Motto series. However, all proof fives are rare. In an article in Coin World written by Jeff Starck, he explains:
'The high face value of Proof coins kept demand in check, according to Garrett and Guth, as few people could afford to set aside $5 and a coining fee every year to obtain them. 'Thus proof mintages range from a low of 20  to a high of 230 ,' they wrote.'
The mintage of the 1906 and 1907 fives dipped below 100, making these final dates in the series scarcer than one would expect from late-date issues. Only 85 proofs were struck of the 1906 and high-grade examples are infrequently seen. Again quoting Garrett-Guth, 'Nearly all of the examples seen for 1906 are around PF-64 quality. The population numbers are highly inflated for the issue by resubmissions.' Just 60-75 proofs are believed extant today.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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