This is a nice, albeit lower-grade (which most are), example of the scarce 1896-O VAM 21 Morgan dollar counterfeit associated with the Micro O family. This is one (1) of six (6) 1896-O dated Morgan dollar counterfeit varieties from this family
 
The diagnostic pick-up-point for this reverse die, which is only known paired with this one obverse die, is a small raised metal dot left of the upper-left part of R in DOLLAR.