Looks tilted to me.
Educational opportunity: Searching the 80S page for 'tilt' only IDs the following as tilted left medium MMs: 40/40A, 61, 65 and 114. Not quite correct information? Partially because of confusion and partially because there are other varieties with tilted medium MMs that don't appear in their titles...
Confusion: The 40 and 40A pages say "ALERT: 1880-S VAM-40A is listed with type VI Large S ...VAM-40 is listed with a type IV Medium S". The 40 page doesn't show the MM and the 40A page shows a medium MM, but it doesn't look that tilted to me. Doesn't matter, b/c the MM on your coin is definitely more tilted?
I'll let you explore if you think you coin matches the 61, but you'll not be able to compare with the other two as they're lacking pictures... Adding to the confusion.
You can brute force your way through all the medium S MM pages, or you could try
http://ec2-13-58-222-16.us-east-2.compu ... _S_Type_IV as it looks you might have an S/S line through the upper loop? Kinda like the VAM-49, but date doesn't quite agree...
Which leads to looking at the date. Looking up doubled "1-80" descriptions shows a few possibilities, but there is still confusion: VAM-102 is listed as a potential but has a large VI S MM (listed in the medium MM section), and the others lack pictures or don't look like yours...
Sorry I'm full of information but not a solution for you. Hoping this will encourage you to keep hunting and for us to attempt helping...
Don't forget this is a live and learn hobby have fun with it.
for your second question I want to say that it is not a VAM-124 because the 0 in 1880 is not doubled in the right places on my Morgan to be the V-124 in my opinion but I could be wrong.
. So I do apologize if it is too grainy to see anything of importance. 
