Peace Silver Dollar MS 63
MS 63 is the contraction for the denotation "Mint State Grade 63". MS 63 is a grade on the Sheldon coin grading scale. This scale was invented in 1949 by Dr. William Herbert Sheldon. Coins in this grade are uncirculated, which means they were not used by the public for currency transactions, but were most likely held in vaults by banks. These coins are pleasing to the eye. Old silver coins such as this are seldom seen in grades higher than MS 67, and the rarity and value increases with each successively higher Mint State designation.
Specifics of the Grade
A Peace Dollar in MS 63 condition will still have areas of bright shine, or what the numismatists call "Mint luster". Any marks or scuffs on the coin will be relatively few or small compared to coins of lower grades. The details of the coin were most likely sharp at the time of the original striking of the coin, but mars such as "Bag marks" or dents and scratches which are caused by coins on the top of a sack of stored coins rubbing on the coins below them, can result in a grade of MS 63. Visible flaws transferred by small cracks in the die used to create the coin may also be present.