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.
Writing in 1998 in Gold Coins of the Charlotte Mint 1838-1861, Douglas Winter said of this issue, 'The 1842-C is one of the rarest Charlotte quarter eagles. It is also one of the rarest coins of any denomination ever struck at this mint. It remains very underrated in spite of its obvious rarity.'
Part of the rarity is due to the tiny original production of only 6,729 coins, the lowest of the entire decade of the 1840s except for the 1846-C at 4,080 pieces.
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