Well, cheap in a sense you have a 1 oz. gold coin in MS-66 for little over gold value. Plus its pretty...
I still need the AV 5 Dollar Indian type. Augustus St. Gaudens designed these for President Theodore Roosevelt. He died just as the first coins where struck
Or....maybe they where drunk on the job, botched up the die. Upper Canada was a rowdy place/ more taverns then churchs/ lots of brawling between the Irish and the French Canadiens
The rest of the coin looks so perfect, it makes me think those missing letters were not an accident. Could have been carefully milled off then tooled smooth, or an altered die used on the reverse? Wonder if this is a known die variety?
I guess those machines minting coins run at the speed of machine guns, spitting out coins in a stream. There are bound to be some misfires and jams at times.
France -> Navarre Kingdom of Navarre 1516-1566 CE Issued under Carlos (Charles V) AE Dinero; 0.72g 18mm Pamplona Mint Obv: SIT NOMEN DOM around center N Rev: P between Pillars of Hercules, PLVS VLTRA