This coin has a really crazy history and will never be worth much. It has more than just one problem. Take a stab at what they are. The color in the images is really close but the coin itself might trick some.
Is that the same coin? The reverse looks nice. I can see the acid or bubbling damage on the obverse, but other that the cleaning - could it be tooling? I admit I do not know.
Interesting coin, I'm going to hold off on my opinions, but I have to admit it has me questioning several things.
I would guess, cleaned/environmental damage. I don't know the grade, but it has better details than most AU coins I've seen on heritage.
Well we have the rim nicks, and I think it has obverse corrosion and tooling in the fields. That being said, I usually miss these sorts of posts by a mile.
The only way I can think of to corrode just the liberty on one side of a coin is that the die was corroded. If the die is corroded, then it must have been sitting a while. Could this be a restrike? And if it is a restrike, then it might not be silver.
I was thinking the exact same thing. The corrosion is limited to the devices on the obverse which indicates die rust. I checked and that is common for this issue. As far as the composition, the reverse has the look of a copper but I don't think that is the case because I would think that would make this coin valuable and the OP has stated it is not worth much. My guess is die rust and cleaned.
The bumpy devices are the most obvious, but as has been said I'm pretty sure that is due to a very rusted die. There are only a few indications of the same on the reverse. At first I even thought that perhaps the coin was a counterfeit as the rims are bumpy on both sides. But that reverse kinda talked me out of that. It's still possible though I guess. The date had me worried too as it appears to have maybe been altered, like a 3 into a 9. But the 1843-O has a much lower mintage so that is not likely. But I wonder if the date (9) has not been repaired. The rough blob on the edge (11 o'clock on the reverse) I figured might have been where the edge was filled after embossing the date change. But since I ruled that out as being likely I can only assume that it is silver solder left over from a jewelry attachment. And there are other spots on the rim that might indicate the same. I really don't see any signs of tooling, but it does have the look of being cleaned and retoned, most likely chemically. So how'd we do Larry ? Any of these guesses on the money so to speak ?
interesting. If the die itself was corroded/rusted, would it still be a "problem" coin? I'd think it might make for an interesting error, rather than a problem. I mean, coins with die cracks and such don't really hurt the value. I may be totally wrong as I honestly have no idea..
That is why the rest of the story is there. I am 90%+ sure the die was corroded. The rest of my story (restrike & off metal) is mostly just to fill in the blanks.
Swag How is the edge of the coin? For example is it the obverse of a 49 P and the reverse of a 57 O? Is it two coins simply sandwiched in one holder? Very best collect89
I thought this coin might be a bit tricky but you guys caught on to the rusty die thing really fast. It's a real 49-O, small o variety. You guys also caught the problems but I'll add a bit more. "cleaned/environmental damage" is correct. I was waiting for someone to bring up PVC damage. This look is what you can get with long term storage in older PVC flips and auction holders. The cleaning removed the PVC but the damage was already done. I'm sad to say I let this happen. It was a good lesson for me. Many would dip this thing but that would only make it look worse.