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Message:: [QUOTE="Midas, post: 274432, member: 2761"]Nice dealer(s) to give you an MS early Lincoln for FREE. That is more the exception than the rule. Again, it goes back to a combination of survival, mintage numbers, rarity, GRADE, and market demand. You are right...finding early Lincolns in MS grades are indeed rare...and with that, you will pay a premium for a 1920-D MS Lincoln over a 1920-D < MS grades. Why? Because the survival rate for an early Lincoln date in MS grades is expondentially less than they are in < MS grades. Most "common" date early Lincolns in a MS64Red grade will fetch hundreds and hundreds of dollars. That is a far cry from paying around $5 for that same 1920-D in VF condition. If you graph how much a given common Lincoln rises in price from VG8 to MS64Red, the graph will show an expondential curve in the relation of market price to the coin's grade. As for that 31S...Sure I would love to have an 31D in MS65Red over an 31S in the same grade. As collectors hoarded the last San Francisco minted Lincoln (at least they thought so), they did not hoard the 1931 and 1931-D's in the same ratios as they did the 31-S. Still, with only 866,000 31-S mintage numbers, this is the 2nd lowest mintage numbers only behind the 09SVDB and hence a reason for the prices it demands. Bottom line...it is NOT common to own a MS63 or above early date Lincoln...all things equal. It is the exception and it is indeed rare...which makes it more difficult to find and fuels its demand, which makes it more costly. Buy the keys and the BEST grades you can afford for your collection. The higher the grade for these early Lincolns, the higher they are and the faster they will increase in market value...all things being equal.[/QUOTE]

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