There's a lot more going on here than just the cud. Maybe it's because it's a late die state. The cracks, flow lines and rim cuds are nothing like I've seen. It doesn't look like PMD to me.
Looks like a broadstrike, with damaged edges (not rim cuds and I don't see anything I think is solder). And it does appear to be the variety shown in Fred's image with the cud over the T. It is in a much later die stage though with much more extensive die cracking.
I don't see how you're missing this. From 10-1 and from 6-8 extensive text book mount removal marks. You can clearly see the direction of the cut. I have seen so many coins with this appearance. What looks like a broadstrike is the rim being cut down. Not saying there wasn't originally a cud. I agree there was, but that is unrelated to the present condition.