It should have the word CENTS in that blank area at the bottom and it is a "With Cents" variety. Interesting as it really doesn't look "tooled" to remove it. Maybe it was? I'm no error guy but perhaps it was a grease filled die in that area?
I can tell this because the motto E Pluribus Unum is there above the V The Type 1 has E Pluribus Unum in the space where CENTS appeared.
These are reverses of the two types of 1883 V nickels.
My favorite album!
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