I thought the top of the bow was a raised line at first because the bow is so crudely cast - a sign of a C/F
The seam around the coin lookd eay to clean, fresh for a 1853, of course if cared for as an investment I could that; but I am far from an expert. I like the F on the observe, maby just got banged.
Think about it. If the reeding is cracked, the coin must move completely through whole reeding to leave the collar. Any of the flashed metal would have to be wiped off, by definition, for it to even be able to leave the collar. Collars are one piece; they don't separate. The only way for any metal to be raised above the level of the reeding is if that "reeding" separated to allow the coin to be loosened. As in, two pieces. As in, cast. Even Error-Ref refers to a horizontal collar crack as "theoretical only."
Funny what a person sees in a lifetime of examining coins with a stereo microscope. Theories are for kids. While raised horizontal seams on an edge do indicate casts; the next time I see the error guys at FUN I'll let them know that genuine coins are found struck in horizontally cracked collars. Ejecting the coin out of the collar does not remove the microscopic traces of the break.