1932 Penny With Issues.

I found this one while going through a roll of 1932's today. The entire reverse looks like it has some kind of doubling except not like your typical Die Deterioration Doubling. The edges of everything seem to be raised, especially on the reverse. The date almost looks engraved, there is a depression surrounding it. On the obverse, the legend has raised edges giving it a doubling effect but look at the rim....it is almost gone at 2:00......Any idea's what this is?......thanks.