The 1881's have many examples of coins with mmachine doubling combined with various letters repunched. Yours is not round-the-clock, which means every letter has doubling and yours doesn't. It's a VF-30+ for wear.
It's a decent coin but certainly not Round the Clock. You should have asked the seller to explain his notation. As pointed out above, the year has many different obverse legend varieties. R the C sticks out.
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited. Contact Us | Advertise Here | Privacy Policy / Terms of Use