Yes looks that way to me too. Perhaps the hit that moved this metal also caused the dent on the other part of the letter T as wells as the damage to the bottom of the letter E. Here is a close-up of this region for folks not wanting to squint:
"If you climb a good tree, you get a push." -----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz
Thank you for the replies. I am posting a picture of the obverse now as well. This is a graded coin in a yellow labeled slab from ANACS. It is graded F 15. Wouldn't grading services typically list this coin as damaged or would they miss such obvious details on the reverse.