I don't know if anyone else has posted this, but it's a bit strange. It's a 1961 Franklin Proof with a 1793 One Cent Over-Strike covering about 35% of both sides.
Someone's playing with vices again. And someone will get schooled (because ya' know this is educational) if they actually start the bid at $295, or worse, buy it now for $400!
I would have to guess that it was done with Gallery Mint dies, they created many different "errors" in addition to the normal copies. I would also guess that if it was of Chinese origin, the host coin would be counterfeit as well
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