Total Metal Alloy
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The "mbs" on sterling silver typically stands for "minimum silver," indicating that the item contains at least 92.5% pure silver, which is the standard composition for sterling silver. This marking ensures that the piece meets the legal requirements for sterling silver quality. Sometimes, it may also be interpreted as "maximum base metal," referring to the allowable 7.5% of other metals mixed with the silver.
Silver is too soft to use in jewelry in its 100% form and it has to be mixed with another metal to make it stronger.92.5 also reffered to as solid silver means that it has a silver content of 92.5% the remaining metal is the one that makes the silver hard enough to make into Jewelry. Sorry but 925 does not mean "pure silver" it means it is Sterling Silver. Pure silver is marked 999, meaning 99.9% purity. 925 means it has 92.5% purity, and 7.5% another alloy. Coin silver used in our pre-1965 circulating silver coinage is 900, or 90% pure, which also means silver doesn't have to have another alloy mixed with it to be hard enough to use. Even pure 999 silver is hard enough to make jewelry with as many countries (including the USA) mint large coins using 99.9% pure silver that hold up well.62.5 Silver means it has a silver content of 62.5% in this form it cannot be called solid silver as it has 30 plus % of an alloy in it.
The amount of pure silver in the 1922 Peace dollar is .77344oz, all US silver one dollar coins from 1840 to 1935 have this much silver in them.
1 Dollar "Peace Dollar" 1921-1935 Commemorative: End of World War I Silver (.900) - 26.73 g - ø 38.1 mm so 90% is silver of the 26.73gm total weight