This turned up recently, I've never seen anything like it. (I have seen my share of "casino" quarters and halves, but this looks nothing like them.) The casino coins always have the two sides all beat to hell, this coin has the usual "circulated" look (the lighting is a bit harsh and accentuates the scratches -- looking at it in normal room lighting with the naked eye it could almost pass for an AU coin. If I can do better I'll post some other images. I REALLY need to finish putting my copy rig together, argh...) The coin seems to be lacking a rim, as if it didn't fare too well in the upsetting mill. There are the faintest traces of reeding in a few spots, but they're "tilted" at the side, and soft/blurry (NOT the "worn" look seen on circulated coins) -- the look like this is the way they were made, rather than starting out nice and crisp and then getting worn down. If this was an oscilloscope I'd say they look like sine waves rather than square waves. Also, the strike is off-center on both sides. On the obverse, the date is bleeding off the bottom. On the reverse, the same with the "STATES OF" lettering.