A chunk of his nose is missing

Can anyone tell me what this is called.. something to do with a bad or worn die? It's not cut, just a sunk in chunk gone..
and looks to me like it haa am Im and not In..
And can you tell me if this error worth anything?

 

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Looks like a small die chip, minor error, no premium. Also, the coin in gernal looks like it was struck by a worn die. Beyond that, the coins itself has heavy wear. Keep searchin and keep postin chocho

 

Since the defect is recessed, it cannot be a die chip. It looks like post-strike damage.