No, not even close. A rusty die produces raised bumps, kinda like pimples in a way. And that's definitely not what's going on with this coin.
If this coin was cleaned it was not harshly cleaned. But what was their method? And, would the coin straight grade if the surfaces were not damaged? These photos are excellent, but perhaps some others with different lighting. More than 15,000 of these coins were sold by Jerry Buss in 1985. The largest number ever sold at one time. So, many of this date are going to be high grade. I don't know if this is one of those coins or not.
It’s difficult to tell for sure from your pictures but the pink patches maybe a tell of chemical cleaning.
Oh you can’t tell an apple from a cherry. That was the apple tree, you lunkhead! And I was sitting under it, and with some fine company...
That story about George chopping down the cherry tree is pure fiction. Probably created by George’s PR person to hype his presidency.
My first impression was instantly that it had been dipped. The texture on Lincoln is the same as the rest of the field and I'm seeing a color change in a number of areas. JMHO
I personally don't know enough about dies to say yea or nay to that question. There are other members here with much more experience concerning dies. Edit : I see that question has been answered by one of those " other members " I mentioned. We have so many members here at Coin Talk !! , who are so experienced in so many different areas and aspects of Numismatics, that there is hardly ever a question that goes unanswered for very long.
When I was very young and not interested in collecting them, the cents that I cleaned turned that orange color.