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 1895 is one of the most difficult dates in the series. Mintages at Philadelphia for the type began generously in 1892, with more than 12 million pieces struck. An economic panic (such events are now called 'recessions') affected the mintage of subsequent issues. The 1893 had a lesser emission of 3.3 million pieces. For the 1894, mintages declined further to 1.33 million coins. Finally, Philadelphia production bottomed out at 690,000 pieces in 1895. This proved to be the lowest mintage of any P-mint date, most of which had productions above 10 million pieces. Difficult as the 1895 is, the issue has long been in the shadow of the 1895-O, the lowest mintage of the type at any Mint aside from the legendary and virtually non-collectible 1894-S. The 1895 is less rare than the 1895-O, probably because there were more collectors on the East Coast than in the South.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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