This term refers to a specific grade and type of United States silver coin. The “Morgan silver dollar” designates a dollar coin minted from 1878 to 1904 and again in 1921. The “MS63” portion indicates its condition, signifying a Mint State grade of 63 on the Sheldon scale. This grade suggests a coin that exhibits some minor imperfections but retains considerable original luster and eye appeal. For example, a coin described by this term would have light contact marks and perhaps some minor hairlines visible under magnification, but its overall appearance would be considered above average for uncirculated coins.
The significance of this specific designation lies in its balance between collectibility and affordability. Coins in this grade often represent a sweet spot for collectors, providing a relatively high level of preservation without the premium price commanded by higher grades. Understanding this condition rating is crucial for evaluating the potential value and historical importance of this piece of American coinage. Its relative availability allows for broader accessibility to collectors seeking to own a piece of American history in a well-preserved state. This grade represents a tangible link to the past.