This phrase refers to a United States silver dollar minted in 1887, specifically a Morgan silver dollar, and graded as Mint State 64 (MS64). The “1887” indicates the year of minting. “Morgan silver dollar” denotes the specific design and type of silver dollar produced from 1878 to 1904, and again in 1921. “MS64” is a grading standard assigned by professional numismatic grading services, signifying that the coin is uncirculated, exhibiting some minor imperfections such as contact marks or hairlines, but possessing above-average eye appeal for its grade.
The significance of a coin bearing this description lies in its collectibility and potential value. As an antique silver coin, it holds intrinsic value due to its silver content. Its numismatic value is derived from a combination of factors, including rarity, condition, and collector demand. The MS64 grade places it in a desirable range for collectors; it represents a well-preserved example of the coin that retains much of its original luster and detail. This particular mintage year is not considered extremely rare, but higher grades are always sought after. The Morgan silver dollar series itself holds historical importance, representing a significant period in American history and monetary policy.