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 Act of July 22, 1876 demonetized the Trade dollar, revoking its legal tender status. The denomination nearly vanished from domestic circulation, and was used almost exclusively in the China trade after the Act took effect. Collectors continued to order proof sets every year, and 1,150 proof Trade dollars were included in the sets for 1876. Even as proofs, the coins were worth very little at the time. An example in the Stickney Collection (Henry Chapman, 6/1907), lot 901, realized only $1.20 thirty-one years later. Today these coins are prized by collectors, and Premium Gem examples are extremely rare.
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