Error or damaged? I'm pretty new, so not sure what I'm looking at. Obverse is deep compared to rim, reverse is almost raised above rim. Any ideas on values?
It has a bezel around it. You can see on the bottom reverse where it was attached to something. Sorry, but it's not an error
Welcome to the neighborhood @Christopher Timper ! Since you are new to numismatics, you have a lot to learn before you can successfully spot most errors and varieties. Chris
value ... 1 cent you can see the separation/break off of the loop I would guess. The bezel is old metal and toned the same as the cent.
Damaged and it definitely has a bezel around it as stated by the knowledgeable people above. A quick internet search for "lucky penny keychain" will produce many images, including ones very similar to your cent that have a key chain attached right about where your cent has the raised part of the bezel. Example: https://www.zazzle.com/ac_lucky_penny_keychain-146616638241332221
Thanks for the help on this one. On closer inspection, i can see where the bezel was added to the rim. Looks like a good job to match the coin material.