This has been handled. As a 9 year old in 1971, I can attest that these were NOT in protective holders when issued, and this example looks like it has been touched especially on QE2's cheek and jawline....unless you are taking the photo thru a plastic flip. A nice toned PCGS SP68 can be had for about $100-$120.
The
RCM packing them next to a white foam insert wasn't helpful either.