I do not think AU-55 is a bad grade. I would grade this at AU-50- AU-55,cleaned,a few scratches and blemishes, however a nice coin. Thanks for the view...
I can get on board with the grades already mentioned. Grading Morgans is relative; you expect to see weak strikes on the eagle's breast, legs and the large, lower leaves of the wreath. However, the degree of "wear" noted on the breast is disproportionate to what I see on the wreath. If it were all strike, there'd be less detail left on the leaves than there is. The breast wears before the leaves, therefore the coin is circulated rather than just weak.
However, there's very little wear on the top edges of the wings, and none at all on the tips of the feathers. The neck feathers are still strong.
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