The "hit" you are talking about may just be the photo. It's like there is a little remnance of the AW but I too wondered if it was a grease filled situation.
Most likely the result of die polishing. My birth year is 1941 and the Proof halves come in "with initials" and "without initials" varieties, the result of die polishing. I can imagine this happening to business strikes also.
Thank you all for the replies and help with the initials. Also thank you for the compliments on the coin. I couldn't quite get the luster to come out in the pic, but it is pretty nice. Paid about $13 for it at the coin show yesterday from one of my favorite dealers.
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