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It depends entirely on the context. The first one that comes to my mind is that MS refers to the US State of Mississippi and MA refers to the US State of Massachusetts, but there are certainly other meanings.
MS stands for mint state, and the rating of 60 is on a 70 point scale.
MS-67 is the "grade" of a coin. MS=Mint State and Mint state is the highest Grade given to any coin that has been in circulation. The 67 is the actual grade of the coin and the scale goes from MS-60 to MS-70. MS 70 is the absolute best grade for any coin in circulation so your MS-67 is pretty close to perfect circulated condition. There are other grades, but they are lower than MS.
Madam, Ms. , Mrs., so I've heard. It means "My Lady".
Yes there is. Uncirculated coins do have different grades that run from MS-60 to MS-70. The term brilliant uncirculated is the grade (MS-65) given to a coin that is above average with full mint luster, very few contact marks, excellent eye appeal.