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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.
With a mintage of 315,000 pieces, this is the highest mintage double eagle issue from the New Orleans Mint, and to this day it remains the most plentiful, but it would be a mistake to call this a common date. It is a scarce issue compared to Philadelphia Mint double eagles of the same date. Coins grading VF and XF are easy enough to find, and lower quality AU examples appear on the market with some frequency, but any Choice AU or finer grade coin is elusive. Winter and Crum liked this date, and in 2002 they commented: 'Since this is the most common New Orleans double eagle, the collector can be more demanding about eye appeal than for other less readily available issues from this Mint. Attractive, original About Uncirculated-55 and About Uncirculated-58 double eagles are extremely good values at current levels.' While the numismatic market has changed since that time, such coins still seem to be good values today.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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