1956 Lincoln Wheat Cent PMD Or Strike Error?

IMO it is an PMD.

, former Encased Coin.
John1

I'll add this - nicely photographed!

What is an Encased Coin?
Stamps?

Use for a different purpose at a time when coinage was being hoarded because of the metal content. This is how they would fill in the coinage issue to make change back then. Also tokens were created to be used at their stores.
Encased cents:
There were holders used for a specif purpose. Often a special event like birth dates/marriages/high school graduations. A year special to a hoarder. These are best to leave in the holders as the coin is already damage when it is squeezed into the encasement:



Thinking they are good coins, when they are removed, then they see the coin, but often don't realize how damaged they are now. So best to leave these in the holders. That way they still have some value. (Other wise they are just another damaged coin.


So when you see the rims flattened then realize the coin is now damaged.
Altered reverses on coins:
Sometimes they used the reverses of coins to engrave an event that happened. Well it was silver back then, and only cost a dime to have it for the event. They were called then 'Love' Tokens:


Counter Struck coins:
Some coins are altered to make stuff to sell. They add States or other designs to the coins, making them now a damaged coin to a collector, but to a non collector, they don't know the difference:





Tokens:
Today we see these for entertainment usage, car washes and such. But at one time they were used to get more return customers to come back to their location. So they would give them these tokens to redeem at their locations. Some were given when they cashed a check, to get them to buy something more from them.


Some are sold from different locations:


Elongated cents/nickels are also seen. Sorry I can't find an image so someone can add theirs to this thread so they can be seen.

CoopHome: Have coins and stamps every been used for a different purpose?