It does look like an Incomplete Planchet error to me! If you look at the rim on the opposite side of the coin you can see a slight distortion called the Blakesley Effect. The Blakesley on this coin is very small, but it's a good indicator that this is a true mint error.
The first US coin motto was found on a 1792 half disme and read: "LIB (erty) PAR (ent) OF SCIENCE & INDUSTRY"
Thank you all for your feedback one side looking at it closely with a magnifying glass does seem like it's cupped like it was pushed into and the other side is worn some but it does have a lip like it was punched through