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 1901-S is the rarest S-mint dollar in the 1897-1902 period. While relatively common in circulated grades, it is very scarce in mint state, indicating the majority of this issue went directly into circulation and few were saved. This piece was saved, however, and according to the consignor, along with a 1901-S dime, quarter, and half dollar (offered elsewhere in this catalog), all were found in the cornerstone of a schoolhouse in Reno, Nevada.
In his landmark book on Morgan and Peace dollars, Wayne Miller makes the statement, 'There is no 'typical' BU specimen of the 1901-S dollar.' Meaning, there are a wide variety of finishes seen on this issue.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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