I would say PMD. Looks like it has been flattened. I would like to see the edge. With that kind of wear, a Buffalo nickel struck on a Barber quarter planchet would have been in a slab by now.
EDIT: Hard to believe it is upto $32 with 15 bids. Are people really that gullible?
It's PMD. Do a search on the forum for Texas Cent and you will see other examples. The coin is put between 2 pieces of leather and pounded with a hammer.
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