It has the appearance of a genuine coin, horribly overgraded and possibly cleaned, in a garbage "slab." The single most common Morgan outside the 1921's, it's not worth much more than melt.
Interesting to see a common, over graded coin in a slab. I will say the coin is real, but the slab is definitely fake.
The slab is a real slab, just not one by a good TPG Here's their website. http://worldclassgrading.com/