I have spent enough time on this penny, Straight from the bank in a 2020 roll , assuming No actual circulation. What is going on in the N in ONE?
It's damaged. It took a hit from another coin in transit and it what they go through to get into a roll. You can see the metal is pushed to one side.
"Straight from the bank" doesn't necessarily mean that it hasn't seen any circulation. "Straight from the Mint" is a different story. ~ Chris