Hey man, I have found many of these elongated coins or smashed pennies if you prefer...they all came in at their respective conductivity numbers so the new thin longer shape never seemed to affect them.
A few zinc ones were zincoln signals, most I found were made from copper cents and came in at normal copper cent numbers.
Then there is this one.
It came in way low, in zinc but lower than modern zincolns and pretty much where Indians come in for me.
Also I see those little denticles around one edge on one side.
Those are those little hash marks that go around the rim of an Indian cent but not on the Lincoln's.
Most times these machines smash the heck out of most recognizable features on these things...but not all the time.
The machine could have actually put them there but on the back of mine I have a few others that are longer and way spread out so I think my coin started out with them.
Still, it is the number it came in that is the best indicator.
All the clues tell me I got me a smashed penny made out of an Indian head cent so one of my favorite finds in my collection.
Mine was made in the 30's I assume at a time when there were still a lot of IH's in circulation and these machines go back way further than that.
If yours came in as an Indian I would guess that it is made out of an Indian so a great and somewhat rarer find...and welcome to the club!