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.
This is an important date from a tiny mintage of just 1,000 business strikes, as well as an additional 36 proofs. Not long ago, Dave Bowers and Doug Winter teamed up to produce a reference on the gold coins of this denomination, published last year. About the 1880, they said that it 'stands high in the rarity sweepstakes.' Most examples that survive today are apt to be in the lower Mint State grades. Bowers and Winter estimated a survival of between 175 and 215 business strikes, with only 35 to 45 of those in grades below MS60. As the grading service population reports drop off substantially in Gem grades, the vast majority of known examples grade between MS60 and MS64.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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