Basement Job Getting Bids........

Don't think in terms how it was made in the garage - think in terms of how can this possibly be made at the mint? (which is why I worded my earlier reply as questions).

Again, how does one get a 12-sided impression of the rim itself (the 12-sided rim feature is formed by the collar die) way out in the fields of the coin? It is physically impossible.

This, is what you should have seen: http://goccf.com/t/267141

Then, study any number of legitimate double-struck 1-cent coins to see how the second strike almost obliterates the first strike, especially on the fields of the second strike (highest part of the die).

My interpretation? This was originally an error coin struck on a thin planchet (not a split planchet). Then, someone tried to make a "better error" out of it...

I noticed it was removed too, and unfortunately I didn't save off the images. It kind of makes me sad in a way. I mean, take a cent in your hand, visualize the planchet one-third the thickness, and ask yourself, really? Hammer job? With all the odd stuff that can happen at the mint? If it was faked, that's some quality work. Maybe the seller should have made forty bucks on it. Let's see, I gotta produce some soft dies (but with tiny denticles) and shave two-thirds of the obverse off and then somehow punch a super-weak obverse and triple-punch the rim and denticles... but it will be worth it! (Sorry in advance for the sarcasm)