I'm not seeing anything out of the ordinary. Just typical corrosion. Sometimes it eats away at the devices and makes things look sort of doubled when they're really not.
I would say most likely not. That bit of corrosion that appears to be a knob is to far to the left. A pic of the full front of the coin would make it much easier to tell.
Take a look on the reverse to see if there is a die break leading upward from the rim (about 7.30 ish) to the wreath point opposite the C of cent or a small Cud over United.If so then thats gotta be a good sign I believe.
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