Hard to see in hand but it’s there. A PCGS graded 1909-S over a Horizontal S Lincoln Cent. Graded VG-10. I’ve had this coin almost 6 years now.
Early in my career as a coin dealer, I bought one of these pieces. It was not marked as such, and it was a red Unc. It’s not a great rarity, and at them time it only had a 10 to 20 premium over the regular one.