$2.5 Liberty Gold Coins MS 62
MS 62 is the contraction for the denotation "Mint State Grade 62", as defined by the Sheldon coin grading scale, which was invented in 1949 by Dr. William Herbert Sheldon. MS 62 coins are uncirculated (A condition specific to coins graded MS 60 or above) and will show significantly less wear and damage than an XF or "Extremely Fine" coin of the same type. Being that this low denomination coin did see use in the banking industry, the defects present in the coin may have occurred either at the U.S. Mint, or in the banker's vault, or very likely during transport.
Specifics of the Grade
On a $2 1/2 gold Liberty coin graded MS 62, there may be discernible flaws from the U.S. Mint. These flaws may include a weak strike, flaws in the metal, or perhaps "Cracks" in the design transferred by a worn die used in the minting process. These are not cracks in the coin itself, but merely copies of minute fissures in the die that created the coin which are transferred onto the surface of the Liberty coin. Also, the sheen or "Mint luster" of the coin may be a bit dull or sparse compared to higher grades of the same coin.