This is another picture I found on my computer, and it looks like it has a D mintmark under liberty. I'm thinking its one of those watermarks that show up on these coins, but I wanted someone else to take a look and tell me what they thought. Thanks Mitch
I have a coin with a D out of place also (D is on the shoulder) I was told it was called a dropped die and didn't really add value to the coin. I will try to post a picture if I can find it in my penny collection.
It could be that there was another cent with a D mintmark that was on top of this cent and a substance sat between the two coins for a bit creating the D
Looks like water spots to me. If it was a struck through something, the area would be incuse: The area in question looks flat. On a dropped letter than can be normal/mirrored depending on how the fall out of the die. But the OPs coin looks like a lot of imagination from what I can see.
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