I am working in a java-based system where I need to set an id for certain elements in the visual display. One category of elements is Strings, so I decided to use the String
Hashes are not unique, hence they are not apropriate for uniqueId.
As to probability of hash collision, you could read about birthday paradox. Actually (from what I recall) when drawing from an uniform distribution of N values, you should expect collision after drawing $\sqrt(N)$ (you could get collision much earlier). The problem is that Java's implementation of hashCode (and especially when hashing short strings) doesnt provide uniform distribution, so you'll get collision much earlier.