Good god that's an ugly coin. I think what we're looking at here is zinc rot to the extent that the entire copper coating is in the process of sloughing off. I may be wrong but i'd call that PMD*.
Did you wash your hands after holding that?
PMD*- I'm calling this post mint damage with the qualifier that if the mint hadn't switched to this type of planchet, the same strike wouldn't look like this at all. So it's their fault but it doesn't count as an error or variety.





















