1958-P LWC So Close But So Far?

The die was in LDS die state when you coin was struck. Note the anomoly is on the devices between the device and towards the rim. It is called die wear. About 3/4 of the coin struck with the die is in the LDS/VLDS range. Only the earlier die states don't look like this. So it is not a nicer graded coin. Note how the 'L' is plastered to the rim? That is how a LDS coin looks because, the die is worn down that much. But the dies are going to strike about 750K more before the die is retired.

That's severe Die Deterioration with Die Deterioration Doubling on the date. They ran the dies, until they were completely no good anymore in the 1950's. Here's severe Die Deterioration on a 1982 P LMC.