The amount of wear on the right leg seems excessive for the grade, and it might be considered damage. It's a great type coin for an album, but you would not be improving the value if you got it slabbed as a details coin.
I think most of the wear on the coin came from not being in a holder and mixed in with other coins.I will keep in a flip instead of getting it slabbed.
This is an 1861-O CSA Seated Half but it is not the die marriage with the die crack from the nose to the rim. This is die marriage W-14 with a Bisected Date Die crack/Speared Olive Bud (WB103/WB104) and has a rarity of R4. The 1861-O Seated Half had 2 die marriages from the US (Union), 6 die marriages from the State of Louisiana and 7 die marriages from the CSA (Confederates) known to date.
I would grade this as XF40 and I would get it graded. The value would be from $500 to $700 if it straight grades.
I, too, would grade it XF 40. I personally would send it in for grading unless in hand inspection makes you or your LCD suspect a details qualification. Most LCDs will send the coin in for a fee and you don't have to worry about membership fees, packaging and posting and insurance.
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