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.
Silver dollars, as with all U.S. coins struck in 1902, were produced in proof format with the no-contrast finish. This short-lived experiment was apparently not that popular and lasted only a couple of years before the Mint reverted to minting proofs with frosted devices again. This, of course, soon gave way to the even more unpopular matte finish applied from 1908-1916 before abandoning proof production altogether for twenty years.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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