The Greek text of the codex is a representative of the Byzantine text-type.

[2] It concurs with Codex Alexandrinus, and the parts preserved support the Textus Receptus reading at all nine points of variation from other early uncials.

[5] The manuscript was discovered by the Egyptologist Bernard Grenfell (1869-1926) and the Papyrologist Arthur Hunt (1871-1934).

It was presented to the University of Chicago in the early 20th century.

The codex now is located at the Oriental Institute (2057) in University of Chicago.