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.
According to Bruce Fox (1993), the 1946 has the lowest certified population of any P-mint Walker from the 1941-1947 era. Nonetheless, this issue should not be considered rare in an absolute sense. It is, however, at the MS67 level that the '46-P is truly elusive.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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