Bi Half

What slims just one letter so uniformly?

 

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Early New Year's resolution. It went on a diet.

 

Probably not. Try again.

 

Over/Die polishing. Happens quite a bit. Just take a look at the IKE group. This is how the peglegs were formed. Overpolishing on the R.

 

Except that 'only' there? and the field would end up raised there and it doesn't seem to be.

 

A similar effect can be seen on parts of the coins in the link, which is filed under "thinning and loss of design elements" by way of die abrasion.
http://www.error-ref.com/thinning-and-loss-of-design-elements.html

Check out how not all the letters in LIBERTY of the cent are thinned, and some of the other photos there.

 

What about removing from the hub?