This appears to have some die chips between the horse's legs and on the A. I'm also seeing some minor damage, including on the middle bar of the E. I guess the incuse letters, which are raised on the die, partially broke off.
Edit: On second thought, the E is probably a die chip too since it appears to be raised.
Due to the age, the die could become more sharp and harder to the planchet. I see the nickel layer been out and see the cooper layer. I opt for Die Deterioration.
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2021 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited. Contact Us | Advertise Here | Privacy Policy / Terms of Use