I'll never send it in, it's just a fun coin. I'll guess the label would read something like altered or removed mint mark?
I saw one for sale at the Orlando FUN show like this. Polished bright, reflective XF details 1895 O with the "O" scratched away. Seller knew what it was but still wanted $400 for it.
I thought about that. If they can't tell what the mint mark was, how could they show it on the label. They would probably not even try to figure it out based on the dies it came from.
Do they still have body bags for genuine but altered coins? It seems like altered coins get “kid gloves” treatment these days.
They would not holder it. Alterations like this fall into their counterfeit category and are not holdered.
A little history going back about 30 years. An old dealer friend of mine had this in his case for many years. He would never sell the coin. It was just a teaching tool for him. That's what he loved to do. When he closed his shop, he sold it to me for $7.50. I think that was a little over the price of silver at the time. When he passed, his son let me sort and sell the rest of the inventory. I bought over a thousand UNC rolls of Wheat Cents. It was a great feeling to be trusted behind the counter. The son opened a new shop just to sell off all the stamps. I have never seen so many stamps in my life. They all went for less than postage value.
I hope I'm wrong, but there are a couple of things that make me believe this coin is fake. First, the wheat stalks are too close to the R and I on the obverse. Second, the neck looks like it's touching the wing where it shouldn't be on the reverse. Maybe it's my eyes or the small images. Does anyone else think this could be fake?