Goin out on a limb here, it looks plated. The eye lid is awful thick. The clip looks new too. Just sayin.
From the edge photos, I'm leaning towards damage, but lets see what the experts say. @Fred Weinberg, @paddyman98, @JCro57 What say you?
Nice error coin. I'm not sure if it will qualify as a Ragged Clip, but it is a Clipped Planchet with a pronounced Blakesley Effect. More of a straight clip I would think. The edge seems to have some lamination issue also. That other 1959 coin with FS is quite nice to. You may want to repost in the error coin forum, or have a mod switch your thread.