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.
This is the first of two years at the end of the Twenty Cent series in which only proofs were produced. The Philadelphia Mint delivered 510 pieces in 1877, but only 350 coins were actually distributed by year's end. The balance of the mintage, 160 coins, were melted as unsold. Although two pairs of dies were prepared for this coinage, only one was used, with the second reverse remaining on hand for the 1878-dated delivery. This does not appear to have been a well preserved issue with the collecting public, as Gems are seldom seen in today's market, particularly if premium quality.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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