That is the 1972 Doubled Die Lincoln cent with doubling of letters on the front of the coin. The NGC Price Guide states: “The 1972 Doubled Die obverse Lincoln cent is very popular among collectors.
An example is the 1943 copper Lincoln penny, which was mistakenly minted during a World War II copper shortage and today is worth as much as $1 million. But there are also lesser-known coins that ...
Steel pennies are Lincoln Wheat cents that were minted in 1943 ... in the letter "B," although it's not as noticeable as on the 1972 Doubled Die coins. The date also has some light doubling.