Without the damage, it would normally grade out around EF-45, but it looks like someone tried to polish down Jefferson's head... would need more pics to tell for sure what's going on.
CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
Definitely wear and I agree with @john77 that it could be purposeful. One other possibility is that it was mounted in a one-sided bezel of some sort such that only the obv was exposed to wear.
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