Hard to tell from the pics, it looks MS, but I couldn't say much else. If you can, try to post some better pics. Looks like a nice Morgan though!
Here's an ANACS on eBay in MS63. I don't think the coin you have is as nice, and if it's less than MS63, then it's worth perhaps $12 or $13 over melt. http://cgi.ebay.com/1881-S-Morgan-ANACS-MS63-Frosty-Choice-BU-1-99-Start_W0QQitemZ280478343842
I didnt realize that they were being sized down. I have adjusted the size of these so more detail is visable. Hopefully this helps. If not, I can rescan them tomorrow
I would focus more on pictures, scans tend to dull out the coin and make it very hard to grade from the scans. With the pictures try to take straight on shots, and try to make sure there isn't any glare.