It looks like it will make EF-40 and I don't see any obvious problems. You might want to check the weight to help verify it is genuine since we have seen many examples of Chinese fake Morgans. If it weighs within a couple tenths of the correct 26.73 grams you can be confident it is real. I'd say you got a good deal for $80.
Based on the amount of wear I see in the hair and on the eagles breast, I would grade it at VF-30, though their might be just enough detail to make VF-35.
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