All I am seeing is a very worn obverse die strike, evidenced by the legend spreading outward towards the rim, and a damaged reverse rim. A cud is when a piece of the outer edge of the die breaks off, then when it strikes the next planchet the incuse void on the die fills with metal giving a raised blob starting at the rim of the coin. http://cuds-on-coins.com/purpose-of-this-site/
So that doesn't look like the a raised blobs as though the break happened on the edges around the letters?
The die is deteriorated due to overuse. What you are seeing is as I explained above, the lettering is spreading toward the rim because the peripheral edges of the incuse part of the die (lettering) is crumbling away due to the deterioration. Not a rim to rim die crack.
