IMHO, the rim is too thin and it appears that the coin was struck on either a thinner than normal Planchet or with too little striking pressure which did not allow the metal to be forced far enough into the Collar to create the normal sized rims and thus the closeness of the lettering to the rim. Of course, I could be wrong but that is what I see. Get an accurate weight on the coin to see if the Planchet stock was thinner than normal and thus would have less weight.