I purchased this Morgan from a bullion dealer as uncirc. As I was looking at it I noticed the strange "shadowing" sort of look to the coins finish on the rim side of the stars and date on the obverse.
What causes this sort of strange look and what is this called?
What does this coin grade?
Also the third star right of the date has a shiny spot in the pic this appears to be a gouge/defect on that point of this star through my loupe. In the pic some reflection has blurred this so its hard to tell.