The most accurate comment so far is from OZZY. Some collectors know better than others and it is good to learn that we don't know everything about coins. We should always do our best to learn more.
The THICK rim 22D could be a blank meant for a coin 1mm larger or something. When it was up-set, the extra material was pushed INWARDS. On the few I've run across the strike is never even. Roughly 30° of a given side is weak.
Sorry to say but the value of the coin does not substantiate your paying $30 or more to encapsulate it into a .50 cent plastic holder which does not have any value. A coin worth over a couple hundred dollars or more is usually worth it but don't expect to recover your grading service fees.
Hello all fellow collectors. Are we having fun yet? I haven't had so much with a coin for many years. Keep an open mind about this. I am very well educated in coin collecting for over 50 years but it is good to have the opinions of others that might help me to learn better. Let us see how this goes.
The coin is actually a washing machine coin. It was put through the washing machine slot so many times it soon became a dryer coin. Wash first, dry second. There you go. The rim is, however, a little bit off center but due to the condition of the coin, most collectors do not have any desire for a heavily circulated coin.
Collectors can guess but nobody has the same opinion on grading coins even with professional third party grading services. Likely a 65-66 Red but not worth paying for grading services to find out. Put it back into its holder and keep it.
I must agree with others regarding grading. If the coin is worth less than $50 keep it in the case and take well care of it. Don't clean or mess with it. Grading services are usually $20. to $30. so it is better to sell it at auction which will net you more money.