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There are several. Among others: 1909-S 1909-S VDB 1914-D and these errors: 1922 "plain" 1943 copper 1944 steel 1955 double-die
Please post a new, separate question with more information describing the misprint. Paper currency is subject to several kinds of errors and each has a different value.
Please post a new question with more details. There are dozens of possible minting errors ranging from filled dies to clipped planchets and off-metal strikes. Values can range from only a bit above face to several hundred dollars.
For an accurate assessment the coin needs to be seen by a coin dealer, some errors can be very valuable.
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.