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 novelty of this denomination's initial year and a sizeable mintage of 215,000 pieces resulted in a few hundred coins being spared from circulation and thus available to the 21st century collector. The vast majority of these Mint State survivors, however, are weakly struck MS60-62 examples. Only occasionally are we fortunate enough to offer a '49-O nice enough to warrant an MS64 designation and Gems are extremely rare.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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