@sam, first welcome to CCF. Second, yes it looks like damage to me too. You can see the start of one gouge at the base of the first L and then it proceeds up through the right side of the letter O. A second, nearby gouge cuts through the letter O and causes that weird-looking "loop".
"If you climb a good tree, you get a push." -----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed." -----King Adz
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