The reason is that buffalo (Bison) nickels have very high (raised) dates. So when they wear, one feature runs into another. This is a 1929-S, the mint mark is on the reverse at bottom. Your coin is worth between fifty cents and a dollar, retail. It certainly is real. I'm not sure why you question the wear, it looks typical for these coins.
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The hair in front goes into the year of coin and the buffalo face is as if was old man face. My opinion that what looks like. I've did all my home research as weight and diameter of it checks out to be real deal but can't find reason it turned out as did
M
Marc's Expert Appraisal
ANA-Certified Numismatist · Hudson Valley Numismatics
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