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.
Rarity, one of the most talked about concepts in numismatics. Why is this date so rare? The original mintage of 20,100 fails to tell the story. Virtually the entire issue quickly entered circulation, where small change was in great need. Remember, large amounts of gold were still being found in California, and then huge silver mines were discovered in Nevada, so there were many people moving to the area and needing things like coinage to support these rapidly growing states. Most examples of this date are found with damage and heavy wear, if found at all, and locating an attractive piece for a date collection can take years. There is only a small number of mint state examples.
These were struck in the very popular and short-lived mint in Carson City, Nevada. Coinage began in 1870, and continued until 1885, when the Carson City Mint was closed for four years during the term of Grover Cleveland. Cleveland felt that there was no need for a mint in that area as the San Francisco Mint could easily handle the coinage needs for the region. Cleveland left office in 1889 and the Carson City Mint won a reprieve and thus reopened for coinage. Cleveland was reelected in 1893 to the Presidency, and again, the Carson City Mint was closed, this time for good as far as coinage was concerned. This brought to a close one of the most storied American mints.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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