61. Lots of marks on the obverse, reverse a little nicer, but that's always the way it goes. Nice luster and strike, though.
I would go 62. The obverse has some nasty bag hits, but the reverse is a lot cleaner. Since it is a good date CC, TPGs would go higher than a normal Morgan. 62 sounds like a decent midrange.
I'd split grade it 61/63. The obverse usually carries it, so its probably a 61 - but if I liked it enough in hand I could see it as a low end 62.
I think the majority of responses here are pretty close to what I had it - a low 62 or high 61. I did want to say thank you to everyone who responded so far!
No it doesn't. It is an overall grade. Unless the obverse is defaced, it is a composite of the grades of the obverse and reverse, with more emphasis on the obverse. In the case of the OP's coin, the reverse would grade higher, and the obverse lower. I split the difference, and that is what most TPGs would do.
