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 1828 is one of those curious issues whose rarity is so complete that it simply is not well known to collectors because it is so infrequently offered. This piece last sold in the 1982 Eliasberg Collection of gold and an extensive passage was reproduced from Max Mehl's cataloging of another coin that was in the Dunham Collection. This is quite an interesting passage and one that is noteworthy because of the price history he cites from the turn of the century to 1922. The first coin offered for sale this century was the Harlan P. Smith piece in 1906 where the coin realized a substantial price at the time of $240. The Stickney specimen brought $360--a 66% increase in price in one year. The next collection to have an example was the James Ten Eyck Sale in 1922, where an XF was sold for $680 plus 5% commission. Akers estimates that perhaps as many as 12-15 specimens may still exist today, while Miller places the number extant lower, rating the Perfect Date an R.7 with six confirmed. Both Akers and Mehl (in his write-up from the Dunham Sale) compared the 1828 to the legendary 1815.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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