I'm sure the photos exaggerate the contact marks but the obverse does seem marginal for a 65 CAC grade. The pristine reverse probably sealed the deal. Beautiful coin, regardless. Congrats!
This one's a beauty. A few years ago at the FUN Show, a dealer had 14 rolls of circulated '38-D's for sale. IMHO, it's an over-rated key, except when in such choice condition as our OP's coin.
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