The reverse of this coin has a small circular punch in the right field. It was struck hard enough that it made a raised area on the obverse to the left of the chin. I have seen similar punches on Indian coinage; but typically much earlier than this coin was struck. Maybe it has no significance at all. It also has patina and a bit of green indicating it was not done recently. Constantine II A.D. 324- 325 AE nummus 17x19mm 2.7g CONSTANTINVS IVN NOB C; Laureate, draped and cuirassed bust left. PROVIDENTIAE CAESS; campgate, two turrets, no doors, ✶ above. In ex. STR RIC VII Trier 455
The punch also looks a lot like the O in the obverse legend. Punches were used for the letters; but this was done on the dies, not the planchet. Perhaps, a bored mint worker (I'm looking at you Octavius!) punched an O on an already struck coin for some reason...his initial or a friends.
One can see on the obverse, below Constantine II's chin, where the punch was applied on the reverse. Therefore, I think it could be either a test punch or a civic marker. A chisel or punch was driven through a coin to expose the interior metal to verify it was not plated, cast or lead-filled. This was more often done on silver coins, and occasionally on bronze coins during times of crisis.