Water Damage? Wha....?

yes, I can see what you mean. It might be worth saving up for a nicer one.

 

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the date appears to say 1888. Also, it just has the appearance of pot metal, the dentils don't look right etc. That being said, it is also possible that the coin was heavily corroded, whizzed, and had some of the details retooled. Either way I would recommend passing.