"What is the "Blakesly" effect?snowman: I hope you don't mind but I took your full obverse and reverse photos and added an arrow to point something out.
cpfull: "Blakesley" effect is shallow/weak area that is located directly opposite of the primary defect (I.E. clip/defective planchet, etc.).
In the full coin photos I put an arrow where I believe I am seeing that weak area directly opposite of the defect. Notice also in the full reverse photo how the denticles are weak as well. I will point out that using the "Blakesley" effect alone is not always indicative on the coin being authentic. However, in most cases it is a valuable diagnostic to help authenticating a mint error as genuine. Also not all coins, even those that are genuine clips, etc. do not always have the "Blakesley" effect. There are other things to look at on the coin that when combined with the "Blakesley" effect will help in certifying as genuine. I hope this helps.

