Welcome to CoinTalk @Tony Taylor ! I am not one of the CoinTalk experts; but, I will say that it appears to me that sometime after the coin left the mint, someone began to bore a hole into the bottom of the reverse side of the coin. The bottom of the reverse side of the coin corresponds to the top of the obverse (front/heads) side of the coin. Apparently the person did not bore completely through the coin, but I can see where the metal on the head of Lincoln is pushed out toward us from the pressure used to bore on the reverse side. I believe that is all that happened to your coin and that it is not an error of any sort - simply damage caused by a human after the coin was minted. I hope that information is correct. Our experts will stop by and correct me if I have not explained this properly.
I believe your coin has been plated and damaged after it left the US mint. It's not an error. Welcome to CT.
The die makes thousands of coins, 100,000 or more. If the error was on the die there would be 100,000 of these coins. Your coin is damaged. If it has been reprocessed, (as Larry says and at a glance, I agree) then the value is 1 cent.
If you all look closely above one cent at the top all letters is doubled die, you can see the other s clear the other letters not so good. And it’s not been drilled, something has pressed it
Hiya @Xlacrash - Welcome to CoinTalk. Usually, it is best to ask for comments and opinions on a coin you have by starting a thread dedicated to that particular coin. I recommend that you begin a new thread if you don't get an opinion by one of our experts quickly. I think, I am almost positive, that asking about your coin in another's thread is what they call "hijacking." Now, I do see that the OP @Tony Taylor has "liked" your comment so he doesn't seem offended by you asking about your coin while he is trying to get his questions answered. I just bring that up, with all due respect, in case you had not considered it. As to your coin, it is notated on the 'flip' the word "Processed" and if I were a betting person (which I am not) I would bet that the term refers to the fact that your coin, like the OP's coin, has been plated to give it that highly silver color. I bet the plating is the processing referred to. And if I am correct about your coin being plated, that processing or plating occurred after the coin left the mint.
It is called a Dent. The Cent was hit on the Reverse side with a blunt object causing the Obverse to be flattened where you mentioned. Then it was reprocessed. But Tony keeps insisting that it is a Mint error and DD Variety.
Nice job LaCointessa. You are pretty much on the money (no pun intended). The OPs coins is PMD and was reprocessed.
@LaCointessa ...great explanation. @Tony Taylor ...replating negated any value beyond FV, except as a novelty, which is commonly done by some coin shops nation wide. Yours may have been a test/sample coin, drilled into to reveal/prove that the core was steel, rendering it worthless beyond face, and then released into the wild, imo. I have some too (without the drill hole)...and the reprocessing has left many anomalies with the design elements. Hope this helps you understand...Spark
