Edge strike in the center of the penny

Why keep it?

In doing some small metal work I used to buy copper blank strips at 17 ish cents each as a hammering buffer. I found out using a penny or quarter was just as good. And when damaged unlike the strip, it didn’t lose any value. Just people go gaga over finding a mint error.

Coinage is used for many things it was not intended for.
And the best part is ... it doesn’t lose its value.
Imagine any thing else you own, if damaged even hammering it flatter, never lost its value?

 

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Makes sense--I remember in High School using a spoon to hammer a silver quarter into a perfect wedding band shape (drill out the center) so we could say we were old enough to enter strip joints and buy beer...wish I had those quarters now...Thanks

 

You mentioned early in the post that the hair detail was formed over the incused depression, and this appears to be so. To me this looks to be a pre-strike damaged planchet. Not sure why the raised edge wasn't flattened or took more die detail during the strike as the upper portion of it did with the hair...Spark

 

The details that you are seeing around the ear are deeper than the damage.

 

I'm gonna take your word for it, the hair detail seems to be higher. And taking this view means probably some kind of punch action Clawcoins referred to...Spark