[2]: 437 [3] It is due to the traditional early dating that the manuscript has a high evaluation, and the fact its text so closely resembles that of the fourth-century Codex Vaticanus (B).

[5]: p205-230  Textual critic and biblical scholar Kurt Aland placed it in Category I of his New Testament manuscript text classification system.

[11] According to Aland, 𝔓75 is the key for understanding the primitive textual history of New Testament,[12] but recently palaeographer and religious history scholar Brent Nongbri has argued that though one can not conclusively rule out dating 𝔓75 to the late second or early third century, increasing the date range to include the fourth century is just as likely (or as he says, "if not more likely").

[2]: 437  Accordingly, the similarity of the text in 𝔓75 and Codex Vaticanus might be better explained by considering both as products of a sort of textual recension which occurred in the fourth century.

It was sold in 2006 and donated to the Vatican Library, which now refers to the manuscript as "Hanna Papyrus 1 (Mater Verbi)".

[17] The history before its discovery is unknown, but it is generally agreed the codex was originally made and used in Egypt.

[6]: 195–196  Evidence for this comes from a piece of papyrus stuck to the back of the codex's leather case, on which there was Coptic writing.

[2]: 408  However this palaeographical comparison was called into question in 2016, where Brent Nongbri argued on the basis of comparative evidence, that handwriting very similar to that of 𝔓75 was still in use in the fourth century.