This appears to be the N-4 die variety which has an R.1 rarity designation. As far as grade I will give this coin an EAC 35 or an EF-40 market grade. The coin shows some minor corrosion but I won't net grade it for that because it is slight. 1851 N-4 R.1 35/35
I'm at VF35, but, the coin has been cleaned and the color has been played with. You can see a lighter brown or orange color covered by a darkener in some areas especially around the date and also on the wreath. Also the corrosion by the date and towards star 1 and 2 have been covered by the darkener. I would net grade this coin about VF25.
I have it really close to EF45. My first thought was that it was cleaned quite a while ago for the same reasoning of 1893S. If it was it now has retoned nicely and is market acceptable
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