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.
The 1928 Philadelphia Peace dollar issue has the lowest mintage of the series (360,649 pieces). It is considered one of the key dates and brings a significant price even in circulated conditions. The issue had quality-control and post-strike problems, however. Roger Burdette, in his 2008 Guide Book of Peace Dollars, writes of the 1928 dollar:
'Coins produced in 1928 in the Philadelphia Mint were struck softly compared to the other issues from this mint, and luster is also average. Many of these are heavily toned an unattractive gold. Finding one that is white usually means it has been dipped.'
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