In 1993, the US Mint produced a American Eagle Silver Bullion proof coin with a mint mark of "P." The 1993 coins that carry a mint mark of "S" and "W" were in a mint state of MS65.
Mint State (MS) is a value used to grade the condition of the coin. This range runs from MS60 (not a good quality collector coin) to MS70 (a near perfect UN-CIRCULATED coin) sold directly by the U.S. Mint. The "S" and "W" mint marks indicate that the coin was minted at either San Francisco (S mint mark) or West-point (W mint mark). Even though these coins were specially minted and handled they may have a grade less than MS65 and, in rare cases grade higher than MS65
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