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.
Only about 38% of the proof Trade Dollars delivered in 1875 are believed to be of this hub variety. Conventional wisdom has it that 700 proofs were produced this year. On the other hand, the total could be 900 coins, as the 200 'business strikes' delivered in April of this year may have been proofs. By this year, the Mint's sale of proof Trade Dollars had finally received a warm reception from the numismatic community, with the result that the 1875 is considerable more common the either the 1873 or the 1874. Of course, the rarity of the business strike 1875 places added date collector pressure on attractive proofs.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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