The rims are always weak on the 1796 Draped Liberties. The mint was still making their own planchets at the time and the rims were not upset as much as the English planchets later used.
Many 1796 DBC varieties seem to have convex-shaped rims which would explain faster wear around the periphery. I have an S-93 and S-102 which show this peculiarity as well. This coin is ex ebay 5-6 years ago from one of the key coppers dealers - for the life of me I cannot remember how he graded it, but it was something like G5 to VG7. It was not cheap - in retrospect I may have paid too much. Still, its a non-corroded or severely damaged S-103.
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