It appears to have been tooled out and then engraved, or perhaps sunk with a punch as seen in counterstamped coins. Almost certainly post-mint damage, and not a VAM
as it is not a die or hub feature. The only other thing I can think of would be a foreign object/debris strike (a piece of metal or some other object was trapped between the planchet and the obverse die when this coin was struck, and you are seeing the area where the object was impressed upon the planchet) and that seems quite unlikely. If it were a die or hub error, it would have almost certainly been present on more than one coin.
Lacking evidence to the contrary, I would value it at melt, around 15-17 bucks.
- EAC - TNA - SSDC
Specializing in 1932-1964 Washington quarters
"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Edited by paralyse
11/11/2016 01:03 am