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 1846 quarter eagle is extremely rare in Mint State, scarce in all grades, and generally unrecognized for its rarity. More than 30 years ago David Akers wrote these remarkable words concerning the issue:
'This is a very scarce and generally unappreciated date. Its number of appearances at auction (45 [out of 226 auctions between 1921-1975]) is lower than for many of the highly regarded dates in this series such as the 1848 CAL., the 1881, and the 1796 No Stars, to name just a few. As the auction records show, specimens better than EF are extremely rare.'
Even today, only a small handful of Mint State coins have been certified, with duplications almost certain.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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