Yeah its real and looks like a 1895-o tooled. Looks to be a VAM-5 (Far Date - Date low to the denticles - High "o") VF'ish if it was gradable Yep that is a fun coin - Neat comparing to my XF45
While I agree, I do wish they would slab it and label it exactly for what it is. If someone really didn't know they have a stronger case for reimbursement in a PCGS slab than a flip. Also if it was a coin doctor trying to slip one by at least make them go through the effort of having to crack it out before trying to scam with it raw.
1) Who would buy a 1895 Morgan purporting to be a Philadelphia Mint raw (or at least without inspecting it carefully)? 2) In what universe is having to crack a slab a deterrent? Band saws are not that expensive. Also cutting pliers can be had for under $20.