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My guess is that it looks as if it's spelled "LIBIERTY" or something similar. It's not a misspelling, it's what's called a minor die error.

In the mid-1950s the demand for cents increased and the Mint had a lot of trouble keeping up. Dies tended to develop little cracks that allowed extra metal to flow into places where it wasn't supposed to be. There are dozens of similar die errors on 1956 and 1957 cents, ranging from what look like "fangs" on Lincoln's upper teeth to 5 digits in the date. Most are only worth slight premiums above face value.

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15y ago
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Q: What is the value of a 1957 penny with the word liberty misspelled?
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