to be worth 195.99..it would have to grade NCS or PCGS MS65-66..either way its a beautie and will be watching thanks for offering it and hope to see more auctions like this!
Can you state that it is a real US minted coin, silver and not a reproduction (non-silver). There are reproductions of Morgans (Chinese made) out there and that we we can be sure of what we are bidding on. Also post the mint mark, please.