Fake Slabbed Gold Indian Eagle?

Oh, I think the weird circle he sees is the one near the letters and rim on the actual coin. It is the reflection from the radials on a slightly worn die.

thanks to everyone for your opinions!

Looks real to me, and many Indian eagles show some strike weakness in the obverse center. It's possible this piece was "thumbed" or otherwise treated in hopes of a higher grade but overall nothing seems drastically out of order for a legit MS-62 1910-D.

Coins in PCGS "old green holders" are often suspected of being undergraded. The owner could always crack this one out, soak and rinse it in acetone to remove foreign substances, and resubmit. The potential sale value would jump significantly if it upgraded to 63.

As Conder101 said and IMO from 1986 and many years after plenty of A/S coins were being slabbed. It is a learning process - EVEN FOR the "experts" who started the slab services. In 1987 at a major coin show I examined a $5 and $10 Liberty slabbed by one of them that the dealer claimed were finest graded! MS-66 or 67's I don't remember BUT both coins were awesome blazers w/virtually perfect glowing gold surfaces ...and BUFFED!

Many gold coins in early slabs have a blue "cast" from the chemical changing. Thankfully, today many of the "doctors" are known and the services are better educated. Now all they need to do is decide on a coin for coin basis how much A/S is allowed :)for straight grades.