I think the label is also an error. Looks more like a Reverse Capped Die to me. It’s graded by PCGS as a MS-63 Red 1977-D Cent and as a Mint Error with a Reverse Clipped Die.
I believe they meant to say CAPPED DIE Let me tag the following guys @mikediamond @JCro57 @Fred Weinberg
Yes if it was clipped, it would be on both sides, and be a clipped planchet. But a capped die is a very nice error. PLUS the label error, very desirable.
Yes, that should have said "Capped Die" Looks like it was certified when I was doing Mint Errors for PCGS - it's a computer entry error......