I see this is in a cardboard 2x2, so I guess it hasn't been sent to a TPG. I have a 1913 that is also raw and looks a lot like this. I have been wondering if it would grade. (I don't want to break the sequence, but I failed to get this posted before @Skyman jumped to quarters. So these are only thumbnails!)
A beautiful Pop-Out Lady Liberty, on a 1913 German Pfenning, and a 1904 Patent Bar on the reverse' bottom!!!