The problem I find with your conjecture is that there seem to be two
die-struck crescents on the reverse, one at the top and one at the
bottom. This couldn't be so if the coin was struck through an off-
center clad layer.
Now, the top crescent is in shadow, so I won't know if it's truly die-
struck until I see it for myself. If it turns out that this is
instead a multi-level strike-thru, then all bets are off as to the
identity of the object.
--- In firstname.lastname@example.org
> In addition, I'd like to add that I have 3 off center struck clad
> layers. 2 quarters: obv die struck, rev die struck and a dime thats
> die struck reverse. All 3 are uniface off center strikes. All 3 are
> correct clad layer weight. I think your 25c w/indent is by a full
> diameter clad layer that was simply not centered over the reverse
> Nice item! Lindy