Looks like a strike through (the obverse opposite the missing letters is complete, which would rule out a planchet defect). Value? Probably 25 cents in that condition. And that's assuming you can find someone who wants to buy it. If I got it in change, I would still put it in a 2x2 and keep it
Large date 60-D doesn't have much value. The key coin is the 60 Philly Small date. I am way less than .25 cents on this. 10 cents max.