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.
Series specialists are well aware of the rarity of the 1927-D Peace dollar in all Uncirculated grades, a rarity that becomes particularly acute above the MS64 level. That near-Gem level is where many collectors find their prize representatives of the issue, as Roger Burdette points out in his useful guide to the series, A Guide Book of Peace Dollars:
'Within the Peace dollar series, the 1927-D is the second rarest overall in Uncirculated condition, next to the 1934-S. This is not widely known, as some of the San Francisco issues such as the 1924-S and 1925-S are generally thought to be rarer due to dealer promotion. ...'
'The 1927-D is very scarce in Uncirculated condition, but prices at the MS-63 and 64 levels do not yet reflect the scarcity as of this writing  and should be good investments. The MS-64 coin of course will be a more technically superior specimen, and is not much more expensive. This should be the level that most collectors seek. The quality of coins in this issue should result in a nice MS-64 coin. The MS-65 coins from this issue are exceptional and, unfortunately, priced accordingly. There is a quantum leap in price to get to the Gem level, but if one can afford it, this is the place to make extra investment because of the quality of the issue and its scarcity.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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