Would you grade this 1886-O Morgan silver dollar as Uncirculated (MS-60 through MS-62) or something else? What would be a fair market value for this coin and what are the black spots, environmental damage, and do they harm the value of the coin?
You would get a better evaluation if you posted pictures raw (without the 2x2). The black spots are either carbon spots or toning, and probably do detract from the value because they diminish eye appeal.
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