you are right it shows doubling , there are many worthless forms of doubling on coins and this is one of them. only the type of doubling that is formed when a doubled die strikes a coin is worth a premium. it may take you a little bit of time to learn the differences in the appearance of a doubled die coin and MD doubling but you will learn. don't get discouraged.
I do not believe this is MD, but "hob" , "Punch shoulder", or "Longacre's" doubling. Which is not a variety or error or doubled die. Instead as the date and lettering was punched into the main die device, sometimes it was too forceful and an outline around these developed. Notice the effect is all around the lettering ( in opposite directions in same area) in your example. Most common on IHC but also on other coins of the times. No increase in value. Jim
hey guys I thought Longacre doubling was also a form of mechanical doubling. I knew right away it was Longacre doubling named after Mr. Longacre but I didn't want to confuse the poster.
I wouldn't be so quick to discard this coin. There is still some debate on Longacre Doubling and its origins. Some believe Longacre doubling originates from intentional causes and some believe it is due to unintentional causes. Some important dates to keep in mind. Around 1886 the Mint began placing the letters around the rim of the Indian Cent on the galvano. Around 1893 the Mint replaced the screw type hubbing press with a hydraulic hubbing press. In 1907 the Mint replaced the Hill Reducing Lathe with the Janvier Reduction Lathe. I guess my point is a 1907 Indianhead Cent exhibiting Longacre Doubling MAY down the road prove to be a Transitional Variety.
I was Just saying, One good example, To show people . I have another with the Doubling going north east only , and not all the way around the letters.
Once the obverse hub was redone in 1886 I believe Longacre doubling on the obv is no longer seen. but the rev hub was not changed so the working and master hubs would have continued in use for many years afterward and Longacre doubling continues on the rev to the end of the series.
So does this Make this coin any different than any other , Maybe more collectible.. The guy i bought coins from I offered him them Back and He wanted them .. so i will Be shipping them out to him today .. I will Be posting a new thred of a 1917 that has doubling o, and r..Thanks