Roll searching today and came across this Kennedy. I don't know enough about telling the difference between true clipped planchet and PMD. I have read a little about the Blakesly (sp?) effect. I don't think it is a true CP. Thoughts?
Clips come in many forms, curved, straight, with clean cuts, and ragged, but this looks like PMD or some other form of damage as the reeding is still visible and the metal looks pushed in. Of course, only my humble opinion.
This looks like PMD that someone is trying to make look like a clip. It happens. There are at least 2 key indicators that I'm not seeing on your coin. The first is the Blakesley effect (there should be weakness of the rim exactly 180 degrees opposite the clip). Second, you should see distortion of the lettering and flowlines near the clip - the metal was trying to flow into the hole, and so things will tend to look a little distorted. I see none of that.
I believe it is real. A clip this small on a large planchet will not always show the Blakesley effect. The F and AM on the reverse show signs at the top that I would expect on a real clip.....
I think it's a clip. In both of the edge profile pics you can see the metal smear. from what I've learned, on a clipped clad coin, the clpiped area will exibit a reversal of the thickness of the layers. So, in your first edge view pic, you can see in the "normal" areas that the layers go thin top silver layer, thick copper middle layer, thick clad bottom layer, however in the clipped area I see a reversal of that pattern, it goes thick top silver layer, thick copper middle layer, which you can see the copper layer gets dragged down into the bottom clad layer. Then the bottom clad layer, where it was is thicker in the normal areas is now made thin in the clipped area. This comes from the metal getting dragged or smeared as the planchet gets clipped. Also the rim going into the clipped areas gradually disappeares. I'm pretty sure that's another sign of a clipped planchet. I'm certainly not an authority on these but from the minor research I've done on them this looks like one to me.
If genuine, that is definitely a large enough clip to show the effect. People interested in learning more about this error can read the article I wrote on the subject here: http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Board=41&Number=3563436
To me, the giveaway that it is PMD is that the edge slants downward on both sides of the coin. This suggests that some type of clips were used to cut it. Chris
So as usual, learned a lot more tonight...about incomplete\clipped plnchets. I'm still on the fence for the OP's coin, but now leaning more to it not being genuine. Only because of the edges of the clip not being as sharp as they should be and I believe the lettering should be a little more distorted than it is. The fade that the letters do exibit I believe can be atribute more to wear. According to some articles the Blakesley effect is one of those diagnostics that seem to work better in favor of proving a genuine clip, but cannot be used to definitively disprove a clip just because it's not present, regardless of the size of clip. If someone has or knows of additionl reading on the effect I'd love to read up more on it.
I can't get past this little bit of evidence. Knowing more how these errors come to be, the edges of the "clip" should be squared off, not slanted or squeezed as they look in the pics.
I'm not 100%, this is just an opinion. I always pull for the OP, but something seems off. The bottom of the 1, I would expect to meld into the "clip". Also, I would expect the "belly line" to be present. It is another key diagnostic of a legitimate incomplete planchet. Like I said though, I'm not 100%. I almost had myself tricked into seeing the Blakesley effect at the B. Either way, best of luck!