This is mostly likely the result of a dropped working die. There are only approximately a half dozen off-center clashed dies in all U.S. coin series. Of course, not as dramatic or sought after as the multi-denomination clashed dies, but still pretty cool, especially given their rarity.
Off-Center Clashed Die Reverse
Remnants of the spaces between the denticles can be seen from the top of the N of ONE to the middle of the E in CENT. Remnants of the field outlining the denticles seen on the inside to the left of the spaces. Remnants of the rim edge are seen on the outside of the top of the spaces.
Die scratch to the left of the C of CENT from the wreath down through the field and back to the wreath.