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It could be a die dent, or any number of other die hits, or anomalies. It is pretty uncommon to have things like this on a proof coin, but it does happen. As far as a Proof Variety, that is a pretty broad term. Did anyone tell you what type of variety they expect it is? A variety usually denotes a doubled die, or repunched mint mark (RPM). Since RPM were not made after 1990, that would not be the case here.
In 1990, there was a Proof cent struck without the S mintmark. It might mean the 'variety' they are referring to. That is the biggie for the date and would command a premium. Of course, this one is not that die.
Bob Piazza
Former Lincoln Cent Attributer Coppercoins.com
It is probably a plating bubble, but it could possibly be a die gouge. Either way, it would not be a variety. Varieties are produced during the making of the die and thus all coins struck by that die are the same. Damage that occurs to a die after it has been made is simply classified as die damage. Die damage can technically be chalked up as an error, but most damage is so minor and so common that it will not command any premium.
“What can be asserted without evidence can also be dismissed without evidence.”
One person said "that it is an impacted die dent, and could have happened before the die was hardened.
This would make your Cent a PR die variety." Is that really feasible or likely?
An 'impacted die dent' is a new definition as far as I am concerned, but I know what it is likely referring to. As far as knowing when it happened (before the die was hardened), that is only a guess. Is possible at any time on any die, and merely denoted the die took a hit from something (maybe even another die. Once again though, this would not be considered a variety. I know Variety is just a word to some people, but it is a very important word in the field of numismatics. It is not appropriate here though.
Bob Piazza
Former Lincoln Cent Attributer Coppercoins.com
I'm with Jody. I think it looks more like a plating blister than a die dent as well, and it seems way more likely that it's a plating blister than a die dent, since proof dies don't strike very many coins and are way more carefully prepared. I guess it's impossible to be certain, though, without removing it from the slab, which you certainly don't want to do. As Bob says, this doesn't make it a "variety," and as Jody said, it doesn't (or at least shouldn't) give it any additional value.
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