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 demand for silver coins in California had begun with the influx of '49ers eighteen years before and continued unabated out west throughout the Civil War. However, only 48,000 quarters were struck in the San Francisco mint in 1867--nowhere near the quantity needed to meet the demands of commerce in the booming post-war western economy. Only 150-200 pieces are believed known today in all grades, and the 1867-S is the sixth rarest quarter in overall rarity from 1855 to the present date. In XF and better grades it is considered R.6, and R.7 in mint condition. Most were heavily circulated, and this issue can be considered underrated above VF.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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