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 Philadelphia Mint produced 303,700 half dollars in 1860. Wiley and Bugert, in The Complete Guide to Liberty Seated Half Dollars, note that the 1860 is 'very scarce in any grade' and 'currently underrated.'
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