Please Help With Thoughts And Opinions About This 1888-S Morgan Dollar

Thanks very much for the comments and insights on my question. Analyse provided especially meaningful insight and convinced me to keep the coin despite the spot on the eagle's wing. The cheek mark is no worse in hand than most MS-64's and not distracting, despite the images. Overall, the obverse is very nice and all white.

Thanks Analyse for convincing me to keep the coin/

I would be very happy to own this coin. Great year to have such a nice example of.

I am in the MS64 range on this one. The hits aren't too bad and has great luster to boot.

The reverse marks are bag marks not from the minting process. However, defect is still an incorrect term for them. So lets go with asking for a partial pardon lol

1884-S was not present in almost any of the major hoards, and most of the mintage is speculated to have been melted; the survivors actively circulated out west. It's one of the key condition rarities among Morgan dollars, alongside the 1880-O, 1896-O, and 1897-O issues, to name a couple.

Out of 8,127 PCGS graded 1884-S Morgans, only 65 have graded MS-63 or higher; only three coins have been graded MS-65 or higher. The only one to be sold at auction was the lone MS-65 specimen, which brought in almost $150k in 2009 for Heritage, and has a current price guide value of $285,000 (and would likely meet or exceed that value if it came up for sale today due to the extreme rarity.) Even hardcore Morgan dollar collectors putting together Registry sets must usually settle for a MS62 or MS63 example at best.