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.
Jeff Garrett: As can be seen from the rather high mintage figure for the date, the issue is rather common in circulated condition and the lower Mint State grades. The date is sometimes softly struck with a shallow appearance. The 1912 Quarter Eagle is somewhat scarce in Choice condition and becomes very rare at the Gem level. Just a few examples are offered at auction in Gem condition. The most recent NGC example sold for $9,945 in 2012. Just two 1912 Indian Head Quarter Eagles have been certified as MS 66 and neither has crossed the auction block (11/12). Interestingly, the date is sometimes accumulated by marketers and sold as a tangible link to the 1912 sinking of the Titanic.
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