Yes, it's deteriorated amazingly, BUT

The bottom of TED is the best.
I'm not saying this die isn't majority overrun by deterioration. I am saying I've heard in rare instances doubling separation is found with it.
We'll see...WHAT? What brought your attention...?
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To me it looks more like well worn machine jiggling maybe also with some die wear,
Is my guess.
Coins are Neato!

"If it's a penny for your thoughts and you put in your two cents worth, then someone...somewhere...is making a penny." - Steven Wright
What are you using to get those close ups? Any special kind of camera?
Pocket Change Inspector
Nice example of die deterioration. This is very common on nickels from the 80s. One of the characteristics of hub doubling is thickening of the devises. I don't see that on your coin, but see lots of thinning, which is the giveaway that it's only die deterioration and nothing more.