Was wondering if this coin is legit or not. My opinion is , NO! I don't see a "Blakesley effect" and there appears to be groove along the cut or filed down area? What do you all think? Not too familiar with these coins. Sorry. Here are the Pics:
That coin would not have a Blakesley effect because of the way it is made. It is a Bi Metallic Planchet. The outer ring is made separately from the middle core. So, the process is a bit different for it to have the effect. They are joined together at a later point.
I'm seeing a tiny bit of thickening on the rim on the obverse. Right at 4 o'clock ss the photo is rotated. Z
Can you show the right foot of the bear. There are fakes that are known as "camel-toed" toonies that are Chinese fakes and that may be one. Even though they are 2-piece, they are put together before the strike and struck together, so there should be a Blakesley. Yes, the "cut" appears strange and not like a clip.
Yeah, the ridge or raised metal at the clip has me thinking PMD. The metal should fall into the clip, looks like displaced metal to me.
In the straight on shot of the obverse and reverse the "clip" looks straight. So, this may be an end /side of sheet error rather than your typical incomplete planchet error (although they are both incomplete).