No In 1988 the Mintmark was not punched into the Obverse Die so it cannot be a RPM. The 1988 is Copper Plated Zinc. What you have is a plating issue. Zinc Deterioration forming. I want to share this webpage with you - http://www.error-ref.com/zinc-deterioration-on-lincoln-cents/ It's considered unintentional PSD - Post Strike Damage
I thought they stopped punching the mintmark by hand in 1990. Maybe I'm wrong, and old age is just getting to me. Chris
Definitely a year with rpm's. It does seem to be in the normal area of ddd though. It does not match any that are found on variety vista
Personally, I think they should change the name of the United States Mint to include "And Crappy Pennies, Too!" Chris