I have recently found a few LMC that have corrosion/metal actions around the edge and at the base or top of the letters and numbers. On this one it looks like there may have been a striking error on the letters where the die slid outward and this allowed the area to corrode. I have little experience in this area so just wondering what you think. Thanks Rich
What you seeing on the reverse above the letters is called split plating. The strike was too strong and split the plating. A very spendable coin. Just worth face value.
ok that is what I thought. not valuable just interesting. I had really focused on the bottom of the N where it looks like the die slid outward. thanks Coop
On the bottom of the 'N', the is called Die Deterioration, die flow lines connecting the devices to the rim. It also is just interesting. Not value either. When I see the green spot, I toss it back into circulation. (I stop there) If it were something, I would even waste my time looking. I figure why save something that I would never buy. So when it looks bad, it goes back into circulation.
They are handy for educating new collectors. But not premium for these. Save it until you find a better example, then keep it and put this one back to work then.
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