The 1881's have many examples of coins with mmachine doubling combined with various letters repunched. Yours is not round-the-clock, which means every letter has doubling and yours doesn't. It's a VF-30+ for wear.
It's a decent coin but certainly not Round the Clock. You should have asked the seller to explain his notation. As pointed out above, the year has many different obverse legend varieties. R the C sticks out.