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.
A popular type coin, one of the three usually selected for that purpose along with the 1854 (technically a distinct subtype due to the smaller denomination) and the 1878. It is worth noting, however, that of the three issues, the mintage of the 1874 is only about half that of the 1878 and about one-third that of the 1854.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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