This is a very common issue below Gem condition, and it is one of the most common mint state issues of the entire series. However, for some unknown reason, Gems are surprisingly scarce. In fact, with the exception of the ultra-low mintage 1914, the 1912 is the rarest Philadelphia Mint issue in Gem condition from 1906-1915. This is an issue that almost no one thinks of as being anything special because of the ready availability of lower grade specimens, but just try and find a Gem...