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.
Numismatist: One who studies or collects money or substitutes thereof. Exonumist: One who studies coin-like objects such as token coins and medals used in place of legal currency or for commemoration.