The 2021 Morgan Dollars are finished in the striking “Uncirculated” fashion. Similar to proof coins, coins issued by the U.S. Mint under what it calls the “Uncirculated” finish are assessed – or graded – according to the Sheldon scale. The Sheldon scale includes numeric grades ranging from 1 on the low end (indicating the most inferior quality) and 70 on the high end (indicating the best quality). “Uncirculated” coins that receive a numeric grade of 60 or higher receive the label “Mint State,” which is abbreviated “MS.” An “Uncirculated” coin receiving the highest quality grade, then, would be labeled “MS70.”
Each 2021 coin comprises .858 troy ounces of 99.9% fine silver and carries the same $1 face value as the Morgan Dollar did during its original runs in the late 19th and early 20th centuries. However, the original coins contained a metal mix of 90% silver and 10% copper, versus the 99.9% silver contents found in today’s issues.