Speculation
That’s a transitional mold that appeared for a short time after Paulson deepened the recess of the LCV mold but before the introduction of smooth inlays.
Early days
Paulson LCVs have a shallow recess. Eventually SCV is introduced with a relatively deep recess. Both molds produce textured inlays.
intermediate days
Paulson decided to modify the LCV mold creating the textured deep recess version. That’s what produced the chip you show. There are a handful of casinos with these version chips. IMO this mold looks bad. They cut into the hats making the recess area wider not just deeper.
Later days
With the introduction of the alphadot and other micro printing security features, textured inlays are replaced with smooth inlays. Paulson remade the LCV mold restoring the hats they cut off, keeping the deep recess with a smooth inlay. Chips start being produced with LCV, SCV, LCV on one side and SCV on the other, or a mixture of all 3.
Was gonna make a thread about this and other hat/cane variations, but I’m lazy and haven’t looked up the dates and collected details for it to be truly useful. Based on my observations.