I do believe this is the perfect poster child for excessive Die Deterioration.
When I look for doubled dies, it is most apparent I have one when I see this effect and that is just what I always look for.

To have a smashed down mushy outline around the lettering, especially showing on all sides is indicative of Die Deterioration and machine or Mechanical Doubling with no extra value.
When I look for doubled dies, it is most apparent I have one when I see this effect and that is just what I always look for.

To have a smashed down mushy outline around the lettering, especially showing on all sides is indicative of Die Deterioration and machine or Mechanical Doubling with no extra value.
































