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What caused this - rusty dies?


This is a beautiful coin, but what is up with Britannia and the crusty-looking surface? Could a rusty die have caused this? It doesn't look like PMD, and NGC evidently doesn't think so either.


Disclaimer: This is not my coin and I have no affiliation with the seller. I kinda like it, although, I would like it better with a clean surface/strike.

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