Are MS63 and MS64 Morgan Dollars Good Investments in 2025?
If you’re thinking about investing in Morgan Silver Dollars, you’ve likely come across the terms MS63 and MS64. These mid-grade uncirculated coins offer an appealing balance of affordability and quality — but are they still a smart investment in 2025?
In this guide, we’ll break down the value proposition of MS63 and MS64 Morgan Dollars, explore market trends, and explain why they remain a top choice for collectors and investors alike.
📌 What Are MS63 and MS64 Morgan Silver Dollars?
MS63 (Mint State 63) and MS64 (Mint State 64) are part of the Sheldon coin grading scale, ranging from 1 to 70. A coin graded MS60 or higher is considered uncirculated, meaning it shows no wear from circulation.
- MS63: Average eye appeal with minor bag marks and scattered contact marks.
- MS64: Above-average luster and eye appeal, with fewer and less distracting contact marks.
👉 At SpringHillCoinShop.com, we specialize in both MS63 and MS64 Morgan Dollars — offering coins that strike the right balance between value and visual appeal.
💡 Why Do Investors Like MS63 and MS64 Morgan Dollars?
1. Affordability
Unlike MS65+ coins, which can become cost-prohibitive, MS63 and MS64 Morgans are attainable for most collectors. You’re getting a true uncirculated coin without breaking the bank.
2. Strong Historical Demand
Morgan Dollars are one of the most beloved U.S. coin series, with a rich history tied to the American frontier and silver boom. That emotional appeal translates into consistent demand.
3. Tight Supply in Higher Grades
As more collectors hunt for high-quality Morgans, MS63 and MS64 coins are increasingly sought-after. With the cost of grading rising, many raw coins are staying off the market — putting pressure on already limited inventory.
📊 MS63 vs. MS64 Morgan Dollar: Investment Breakdown
| Feature | MS63 Morgan Dollar | MS64 Morgan Dollar |
|---|---|---|
| Average Price (2025) | $70–$110+ | $100–$175+ |
| Collector Demand | High | High |
| Investment Risk | Low to Moderate | Moderate |
| Potential Upside | Steady Appreciation | Higher Appreciation |
📈 Market Trends: Are They Still a Good Buy in 2025?
🔎 1. Silver Prices Are Volatile — Morgans Offer Stability
Silver bullion often fluctuates dramatically. In contrast, graded Morgan Dollars hold numismatic value, making them less sensitive to spot price dips.
Many investors see Morgan Dollars as a hedge against inflation and market uncertainty — a blend of tangible silver and collector premium.
🔎 2. Limited Supply of Graded Coins
Each year, fewer problem-free raw Morgans are available for submission. Many MS63/64 coins are already slabbed and in private collections, reducing the number hitting the open market.
🔎 3. Historical Price Trends
Over the past 10 years, prices for MS63 and MS64 common dates have steadily increased, while key dates in these grades have shown double-digit annual growth.
🧠 Collector vs. Investor: Who Should Buy MS63/MS64 Morgans?
| Buyer Type | Why MS63/MS64 Makes Sense |
|---|---|
| New Collector | Affordable entry point into certified coin collecting. |
| Long-Term Investor | Solid appreciation potential over 5–10 years. |
| Silver Bullion Buyer | Better upside than generic bullion with added numismatic value. |
| Set Builder | Ideal grades for assembling date/mintmark sets without the MS65+ premium. |
🛒 What to Look for When Buying
When shopping for MS63 or MS64 Morgan Dollars, consider the following:
- Certification: Stick to coins graded by PCGS or NGC — trusted third-party graders.
- Eye Appeal: Even within the same grade, some coins have better luster or fewer marks.
- Strike Quality: Morgans from certain mints (e.g., New Orleans) can be weakly struck.
- Key Dates: Coins from 1889-CC, 1893-S, and 1901 can command large premiums, even in MS63.
👉 At SpringHillCoinShop.com, every coin we offer is authentic, certified, and hand-selected for quality.
✅ Pros and Cons of Investing in MS63/MS64 Morgan Dollars
✅ Pros:
- Entry-level access to certified rare coins
- Long-term price stability and appreciation
- Strong collector and investor demand
- Less sensitive to silver price swings
❌ Cons:
- Slower appreciation compared to MS65+ rarities
- Grading can feel subjective to new buyers
- Premiums above melt value can deter bullion-focused investors
🙋 Frequently Asked Questions (FAQ)
❓ Are MS63 and MS64 coins better than bullion?
Yes, if you’re seeking appreciation beyond the silver content. These coins carry collector premiums that can grow over time.
❓ Should I buy common or key dates?
Start with common date coins for affordability, then scale into semi-key or key dates as your budget allows.
❓ How should I store them?
Keep them in their slabbed holders in a dry, temperature-controlled environment. Avoid touching the surfaces directly.
❓ Will the market for MS63/MS64 Morgans grow?
If the current trends continue — aging collector base, limited new supply, and increasing grading costs — demand for mid-grade Morgans will remain strong.
🏁 Final Verdict: Are MS63 and MS64 Morgan Dollars a Good Investment in 2025?
Absolutely.
With their historic appeal, proven market performance, and limited downside risk, MS63 and MS64 Morgan Silver Dollars offer one of the best entry-level investments in the numismatic world. Whether you’re collecting, investing, or both, these grades deliver real value.
🔗 Ready to Buy?
Explore our curated collection of MS63 and MS64 Morgan Silver Dollars at
👉 SpringHillCoinShop.com
All coins are certified, authenticated, and carefully sourced to give you confidence in every purchase.
Table of Contents