I just finished processing a package (envelope) from you postmarked February 11, 2011. It contained one 1988 Lincoln cent with the transitional reverse (reverse of 1989).
Your observations are good. It is indeed a specimen of the working die that I have listed as 1988 1c WTRD-004. The markers on the reverse are a perfect match. When I first looked at the obverse I thought that perhaps it might be a new stage where the reverse was paired with a different obverse die. However, closer study showed that it still has the parallel die scratches that run from the beard. Apparently this is a later stage of the obverse die where the obverse was heavily abraded for some reason. Why the obverse was abraded and not the reverse is puzzling, but it apparently did happen.
Your coin is now in my files as 1988 1c WTRD-004B which is a new stage listing for this working die.
The updates on this variety should appear on my website before the end of the day. Your coin will go out in the mail today.
Good luck with all of your continued collecting efforts.
John
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