Morgan Silver Dollar Coin MS63 (1878-1904)

Morgan Silver Dollar MS63

Grade Definition

MS 63 is the contraction for the denotation "Mint State Grade 63". MS 63 is a grade on the Sheldon scale for grading coins, and this scale is the most widely used standard for grading coins in the United States. Dr. William Herbert Sheldon created this scale in 1949. Coins in this grade are uncirculated, which means they were not used by the public for currency transactions, and therefore show no "Wear".  Coins in MS 63 are pleasing to the eye. Also, old silver coins such as this  are usually do not grade higher than MS 66. The value of the coin is increased due to the condition, and rarity of that condition.  

Specifics of the Grade

A Morgan Silver Dollar in MS 63 condition will have an appealing silver tone, and this may be enhanced by some coloring that has occurred over the years as the silver in the coin reacts with it's surroundings.This coloring may take the hues of the rainbow, and is known in the numismatic world as "Toning". Nicks or marks on the coin will be relatively minute, especially when compared to coins of lower grades. "Bag marks" may be present on the coin, and these are caused when coins on the top of a sack of stored coins rub on the coins below them. Die cracks which are transferred during the striking process may also be present.