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M means Mint, 60 is a specific number on a scale of 1-70, 70 being the highest. So Mint 60 is a coin with very few flaws, in other words it has a higher value.

I believe that you mean MS60. Uncirculated Coins from the mint are designated MS60 - MS70, MS70 being "Perfect". MS 60 is used to say that the coin is uncirculated, usually not professionally graded.

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Q: What does M60 mean regarding coins?
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