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.
Several O/S varieties are known, and Breen commented: 'Those with less of the S visible at O command smaller premiums or will price as preceding,' referring to the normal 1882-O variety. In 2005, Dave Bowers wrote: Be sure to buy one with the overmintmark distinct under a good 4x glass.' Bowers (1993) speculates that hundreds of thousands of the 6 million Silver Dollars produced at the New Orleans Mint in 1882 are of the O/S variety. Since this variety is plentiful in circulated grades, this estimate seems reasonable. Uncirculated examples are another matter entirely, and Bowers states: 'The 1882-O/S is very scarce in lower Mint State grades, scarcest in MS64, and very rare in MS65.' In 2005, he estimated a field population of 4,300 to 7,500 Mint State examples still exist today, commenting that the original mintage and distribution of this issue are not known.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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