EV, at first I thought that, but the grooves are so deep. It's almost like T-BOP says, stale cracked cookie. I hope a few more have ideas. However I think you may be right. I kinda hope not though.
Years ago the common coating for a cent was olive oil. But being organic, that was discontinued. (being organic, it was subject to rot) I wonder if this is the cause of what we are seeing on this coin?
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