This was what I got from a dealer at the Baltimore coin show. My first VAM. I took several photos under natural sunlight to try to get the best angle. (Those brown specks on the reverse are on the mylar.)
He told me it was when I asked if he had any Unc. Morgans. I wasn't particularly looking for a VAM but for the trade I think I did pretty good.
I do, however I don't know much about them. He told me it was a VAM 2 notice the doubling on the 1. However, I did some research on this one and I am wondering if this is the doubled 1, triple 7 variety. http://www.vamworld.com/1887-O+VAM-2 From what I see it has the earmarks of a triple 7. I compared mine to this link. "Obverse III2 2 - The entire date has been doubled with shift to the right. The top points of the original 1 is visible to the left of the new 1 with dot of metal at top. The 7 is tripled with doubling at the top and a dot of metal to the left of the crossbar and metal at the extreme lower left. One of the largest shifts of date doubling known. COMMENTS: 1887-O VAM-2 1887/1--7 multiple punched date This variety has an interesting overdate. Many of the 1880 overdates have the last digit, possibly the last two digits repunched over the 1879 date. In this case, both the first and the last digits are repunched. The remnants of the first punch are seen to the top left of the one and the bottom left of the 7. When attributing this VAM, be careful that the coin is not an 1887-O VAM-3 where the repunching shows stronger on the outside of the 7 rather than the inside."