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.
Mint records indicate that 10.2 million Half Dollars were produced at the San Francisco mint in 1918. Yet, the 1918-S is seldom offered in any Mint State grade, let alone at the MS65 level. Either the official mintage figure is incorrect (which is highly unlikely) or the '18-S was not preserved in significant numbers at the time of issue (which is most certainly the case). Strike is also a factor in explaining the high grade rarity of this early S-mint Walker.
Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.
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