Please help with the grading of this coin. These are big pictures. Your assistance is much appreciated. If you want to say what you would pay for it, that would also be helpful as I have a potential buyer for this coin. In my opinion, it may have been cleaned by a previous owner. The condition, in my opinion, is VF30. Thanks! Michael
I would agree, it looks like a VF-25, 30 coin. Very nice find for such a low-mintage coin. Worth about $130-$150 dollars.:rolling:
Too much wear on the ear and wheats to go 30. Probably 20/25, but for the 31-S that difference will have little effect on the price. It should go $95 where a 30 might make $100.
thanks folks! Thanks for the feedback. The potential buyer had to back out... found an even better coin for about $135. I have taken pictures of the coin that more clearly show the details and sharpness of the features. It's amazing what the right lighting can reveal. I've also decided to post a listing on eBay. I'm not a fan of selling there, but this coin is an extra that I don't know what to do with... all my tables are already level I can post the link to it in the "auction" section here if anyone is interested. If so, let me know, if not, then I won't bother.
This coin is harder to find in this grade than a BU one. This coin is harder to find in this grade than a BU one. This one is a rare bird in that so many were saved that a circ. one is more rare than a BU one. Also look at the price spreads, sort of like the 09-P VDB in circ. grades - it's just as easy to get a Unc. or BU one - there not a lot of differents between a AU and Unc.
So this one is worth in the range I stated? You would think so if so many were saved. It will probably increase in value quicker over the years than others.
Considering that the last 4 PCGS certified XF 1931-S Lincolns sold for $97, $109, $109, and $115, I believe that your prices are too high. Unlike most of the Lincolns, this one has dropped a lot lately.
I would agree that they are going down in value but still the $104 to $115 price range that has sold on Heritage is still a good price.
I listed it without a grade, and as a potentially cleaned coin on eBay and posted big pictures. It sold for $87. These are the pictures I used: http://img3.imageshack.us/img3/1173/1931sobv.jpg http://img222.imageshack.us/img222/4489/1931srevw.jpg It's hard to say whether I made or lost money on the sale as it was purchased as part of a set
True, but with this economy, you are lucky to get what you want. Some people(like myself) are hurting for extra cash and would take a discount just to sell a penny for 87 dollars. I did it myself a couple months ago when I sold my 1997 double ear penny for 99 dollars when it is worth 200 bucks. I just needed the cash. I have an extra anyways. JMO :goof:
True, but it's a trend thing. If it was just the economy....one would expect to see the same trend for all Lincoln cents (all coins for that matter). However, that's not the case. The 1931-S drop has not been equaled by other desirable dates in this series (that being the 1909-S VDB, 1909-S, 1914-D, ect). Those coins haven't seen the same price drop.
Do you think this is actually a good time to start buying these key coins, before the values return to their highs -- or even go higher -- as the economy improves? Reminds me a bit of the real estate market in some parts of the country. Buy while prices are depressed.... Then again, maybe the recent price trends have nothing to do with the economy and perhaps the market value of the 1931-S had been simply unjustifiably high for the past few years anyway. It seems like I was seeing ads for the coin in VG-F at less than $50 just 7-10 years ago.
You were, this is not at all a rare or even scarse coin. A combination of bad economy, Lincoln hype these last 2-3 years and just the fact folks are broke and selling cheap does not help. Any coin with problems is trading at serious deep discounts these days. If they sell at all.
