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1903-O for the VAM guys

Can someone explain to me what is going on with the IGWT on this reverse? It looks very messy on the last 3 words. Also I believe that is a clash beneath the wing near the upper part of the leaves, any thoughts?

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Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
That looks like a pretty significant gouge line running from the eagle's left wing through the A in AMERICA. I haven't seen one of those before.
Ray
http://www.vamworld.com/1903-O+VAM-4A
Nice find.
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