Someone got a great deal on that one but "out of collar" is not the most accurate description. it is actually a type of partial collar strike known as a "railroad rim" because the edge looks like a train wheel. It is caused by a failure of the collar to fully engage in the striking chamber. A complete collar failure results in a broadstrike. Most partial collar strikes are of the tilted variety while the "railroad rim" is parallel to the coin faces.
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