The photo are not sharp enough to see the details. The 1 at the bottom is not straight, but could be from a hit. You are correct the second L does look off. I can not see enough from photos to call the coin a counterfeit, but I would not purchase raw. Really hard to tell from photo about color of gold to call a coin a counterfeit as the white balance and back ground color come into play. The coin does appear to have some toning that does happen on gold coins, but more often with other type of metal.