Obverse 16 is identified by broken 880 of the date, with date placement at C.
Reverse P is observed with die degradation among the letters of the denomination, shield and wreath.
Comments: The reverse P
die degradation is the product of an improperly hardened working die.
The cause of this 'soft die' is either die steel issues or
improper annealing of the working die between hubbings from a working
hub. An improperly hardened working die will appear normal, but
will deteriorate prematurely under the forces of minting due to the
die's softened state.