I purchased this recently and have no idea what a rainbow toned yet weak strike (maybe grease) error like this could be worth. It definitely looks uncirculated, especially with the luster. How does one determine the worth of a coin that's both an error yet brightly rainbow toned? Also do you believe this coin has natural toning (not artificial toning) based on its looks? Your opinion backed up with evidence is greatly appreciated. Thank you in advance.
Coin looks like it was dipped to add shine because you can see it had a lot of wear and i am sure that the toning was a later add on !!
That's a coin that was poorly struck and is a year known for poorly struck coins. It isn't an error. ^.- The dies deteriorated too far and put out poorly produced coins. That said, I am quite sure I see the tiniest bits of wear on the coat, cheek, and a couple other tiny places. It could be the angle of the pics, but I would say AU-58. As far as price, hmm.. $30-$40 on a good day? The weak-strike holds her back a bit if she is problem free (I suspect a cleaning/retoning.)
a. I see shine. I do not see luster. i.e. it has been cleaned/dipped/polished IMO. b. It has been otherwise damaged. Note the rim dings. c. I also see wear on the coat, cheek, and jaw. As a series collector's coin, I think you would be lucky to get $5 for it. However, I believe it is a real error, but I have no idea how much it would be worth to an error collector.
Extreme case of die erosion. The mint practiced economy during the Depression Era, often letting dies strike coins long past their intended lifetime. Of course, this produced a much more obscured image on the coins struck past the intended retirement date.