Thanks, Bill for the insight!
It is interesting how the grease can offset metal being pressed into the die. Thanks for the post the other day about the double die errors in the halves. It got me to look at the $100 or so of halves that I had already searched for silver but found....nada.
At least I have ONE keeper!!
Blurr - to answer your question--
No, there is no blob. For the most part, the area where the "IN" should be is flat, but there is a flattened, faint ghost image of the "N". It is so hard to see that it didn't reproduce at all on the picture.
Happy hunting all,
Bob