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.
With only 396,000 pieces produced, the 1927-S is the premier rarity among regular issue Standing Liberty quarters. It is even rarer than the 1916, even though almost eight times as many coins were struck as the 1916 was saved in rather substantial numbers. Apparently very few people thought to set aside Mint State quarters in 1927 from the San Francisco mint as only a few dozen are extant today. At the MS66 level, the 1927-S is one of the foremost condition rarities in all of 20th century U.S. numismatics.
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