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 1914-S is one of the more significant condition rarities in the Indian Head half eagle series. Although 263,000 pieces were minted--not an especially low production--most were apparently placed into circulation. This seems logical, as there was still demand for gold coins in the West, even though most parts of the United States were content with banknotes. Any 1914-S five dollar (or any other San Francisco-minted coin) that entered circulation had the potential to receive a fair amount of wear. Most certified 1914-S coins grade between Very Fine and About Uncirculated. A number of known 'raw' coins grade even lower.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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