BT, I don't think your 88-O Morgan would be bodybagged. It doesn't appear to have any of the usual signs of cleaning, e.g., dark/dirt in the recessed areas (e.g., inside the letters, along the device edges) or hairline scratches (caused by a buffing or polishing wheel).
It's value would be enhanced by getting it professionally graded/slabbed by one of the top TPGs. It could indeed be MS grade; grading from images is difficult at best. If it were my Morgan, I probably would have it slabbed if for no other reason than to protect it. There is not universal agreement on this, however since many collectors like to fondle their coins (with gloves, of course) rather than a piece of plastic covering.
If you don't belong to PCGS's Collector Club or NGC's Collector Society or the
ANA (NGC will grade
ANA members' coins without the requirement to join its Collector Society), then ANACS would be my choice since no membership fee is required and its grading fees are reasonable.
Fred