It's possible this is a strike error, where grease filled the die or something obstructed the strike. It's more interesting than valuable, how do you put a price on something when almost nobody collects anymore? Thanks for showing us, I do think it's cool.
📋 Item Submitted
1974 penny missing letters
M
Marc's Expert Appraisal
ANA-Certified Numismatist · Hudson Valley Numismatics
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Even if it is it doesn't make a difference in practice.