That is just plating spliting under the SE edge of the mint mark. Back when they used to punch the mint mark in by had, the bottom area mentioned formed a fin. Normally that wouldn't be a problem on the copper cents, but on the Zincolns it split the plating in that area. Very common. Guess what? They only get worst with time. When the split happens then air gets to the zinc and it's all down hill from there.
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