1970-D cents did not have wide AM/close AM varieties. The missing initials are likely from an over-abraded die. Keep up the hunt!
These were fairly common in 1969 and 1970 as the FG was polished off of the die. They can and do occur on other dates as well. Sometimes it's from an overpolished die, and sometimes it's from being struck through grease that builds up. The 1969-D carries a premium simply because it is listed in the Cherry Picker's Guide, but other dates missing the FG command very little.
Compare it to http://www.varietyvista.com/Lincoln Cent RDV Changes.htm it should match up with RDV-002. If not you have discovered a variety. What Simon probably meant to say is he doesn't know of any RD varieties for 1970. The chance always exists to find the first of something. The knee jerk reaction is "I haven't seen it before, I can't find it in my lookups and therefore it can't be" Imagine how human progress in general, or even coin anomalies discoveries would have been hampered if everyone was that way?
The close-AM reverse (RDV-007) was not introduced until 1993 (with the exception of the 1992 close AM variety). And seeing as how the close/wide AM varieties have only occurred during the time when RDV-007 (the "close" reverse die) was being used, which was 1992-2000, I can comfortably say that I believe there are no "close AM" varieties for 1970-D. The likelihood of them using a reverse die that was not put into action until 20 years later is pretty much NIL. coupled with the fact that there were 3 design modifications made to the reverse die within those 20 years before they decided to go with a close AM, I personally think is reason enough to believe that there are no wide-am/close-am varieties for this year. Does that mean you shouldn't look for them? Of course not. You can search for whatever you like.
Ok I've read it...what am I looking for? I think I've provided enough evidence in my post supporting my opinion of the presence of a wide am/close am variety. Of course this post as well as my previous post are all a matter of opinion, and since we seem to have different opinions on the matter, I think we should just leave it at that to avoid going off topic.
I have found a 1970 D penny. Only the word "States" only shows the 2 T's raised as even as United & America. The "S's", A, & E are barely visible! Can anyone explain to me, what no FG means? Please. Thanks, Ms. Green