Just picked up this baby for a reasonable price. It is definitely genuine, and is market acceptable--looks like some light circulation wear, and was undoubtedly dipped in the past. However, it has a proof like quality to it, and some definite mirrors. Decent date also.
Before reading your post, I was going to ask you about some PL, but I re-read and saw your comment on it. A Trade Dollar and a Capped Bust Half are on my list for 2014! Nice pick up.
Here are a couple of close in shots. Looks like die polish and hairlines associated with die polish. Had this been an uncirculated Morgan it would have been PL, I bet. Very very few Trade Dollars are designated PL by TPGs.