New Morgan Pick Up: Grade?

Looks to be in the MS64 range to me. Nice Morgan.

MS64

Nice Morgan. I'm at MS-63 on this one, possibly a 64 but either way a nice Morgan you have there

I'm at MS62/63 on this one.

1881-S is a Morgan date/MM that can look unreal in quality, and it takes an average MS65 to make a MS64 grade on this one and a few others

It all depends on the luster (less any contact marks) which I imagine is subdued by the photo lighting rather than more than it looks in hand. MS64 in almost any other date/MM Morgan though. 1881-S seem to be held to a higher grading standard by the TPG's (since there are so many great looking ones, along with 1879-S) IMO.

Here's some interesting numbers from David Bowers and PCGS:

-The five most common MS-65 or better Morgan dollar issues are:
1881-S: 150,000 to 250,000 (the most common Morgan dollar in this grade)
1880-S: 125,000 to 175,000
1885-O: 100,000 to 175,000
1879-S, Third Reverse: 100,000 to 150,000
1882-S: 100,000 to 150,000

The following varieties all have estimated minimum populations of 100,000 or more coins in MS-64 grade:

1881-S: 400,000 to 600,000 (tied with the following most
common Morgan dollar in MS-64 grade)
1885-O: 400,000 to 600,000 (tied with the preceding)
1884-O: 350,000 to 500,000
1887: 350,000 to 500,000

MS-63, nice fields and luster.