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 gold dollar denomination, after the initial flurry of design changes and occasionally large mintages that characterized its first decade and a half, settled into a pattern of mostly token emissions during much of the later 1860s through the early 1880s. Only two issues, the 1873 Open 3 and the 1874, saw six-figure productions, and many yearly totals were in the range of 3,000-7,000 coins.
For 1882 only 5,000 pieces were produced, a nominal amount. Fortunately, collectors and dealers of the era saved some nice examples, an easier proposition than for the larger gold denominations.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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