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Question about 1737 shilling

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I just picked up this 1737 shilling the other day and I'm curious about the date on it. It looks like something is going on with the 3, it seems way too full even though it's a little worn. Think something else was stamped there too?

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Probably die damage. When a letter/number is punched in you have small outlying areas of metal level with the field alongside a significant depression. This would be a preferred place to have bits of metal breaking off. notice that the blocked letter retains its external profile.

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That's along the lines of what I thought but wanted to get another opinion just in case. Thanks for the quick reply.

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