I couldn't agree more, or argue any less. Except, it looks more like an edge rotation to me. All in all, not bad for a 100 penny token.
To late to the party. I missed a lot over the weekend, playing catch up now. That looks like it was struck in an inverted collar. Did you check the reeding?
Yea, those line thing-a-ma-giggies are going the wrong; WAIT A MINUTE, inverted collar? Looks more like a half-dollar collar to me.