I'm a newbie at coin variety/error collecting. My wife emptied her piggie bank and let me examine the coins. One of them is this Lincoln Penny with a notable depression around the OBV and REV perimeters. Is this what is termed a Capped Die Error? How rare is this?
I agree it is from Die Deterioration but I believe a Ridge Ring is only raised, not recessed like the perimeter of this coin. So I'm not sure what the actual term might be.
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