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.
Just 100 of these coins were originally produced in 1915, with an unknown quantity melted a year later, the smallest distribution total of any proof Indian Head quarter eagle. At the time, collectors were not so fond of the matte proof appearance, thus few took the trouble to acquire pieces at the time of issue. The exact number of survivors is not specifically known, although various estimates range between 15 and 50 coins. It is probably realistic to place the number of survivors at about 25 or 30 coins.
This was the final year of issue for the proof gold coinage. Garrett and Guth comment: 'Collector demand had fallen in most years, and proof gold coinage was halted in 1916 for regular-issue gold denominations.' Of course, regular issue gold production stopped altogether at the Philadelphia Mint in 1916 and did not resume until 1920.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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