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.
Just four different dates of Seated Liberty Dollars were coined in New Orleans, and these were produced in 1846, 1850, 1859, and 1860. Of this brief series, the 1850-O issue had the lowest mintage with just 40,000 coins struck. Total production for all four issues was 974,000 coins. It is only thanks to a hoard of 1859 and 1860 dollars that type collectors can easily obtain a Mint State example for their New Orleans type sets. Advanced Liberty Seated specialists have a much more difficult road to travel, even if just collecting the New Orleans issues. The 1846-O Seated Dollar is quite elusive in Mint State grades, and this 1850-O issue is clearly the rarest of all. In his Silver Dollar Encyclopedia, Dave Bowers summed it up nicely: 'If you want a Mint State 1850-O dollar for your collection, I suggest that you compromise and acquire an EF or AU instead, at least as an interim strategy, for it may be years, if ever, until you can buy a nice Mint State coin. Examples are few and far between.'
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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