1931-S Lincoln Cent, Please Grade - Coin Community Forum

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Author	Replies: 6 / Views: 777
thusdayclub Valued Member Poland 263 Posts	Posted 06/09/2013 3:25 pm Hello:) Can you help me with this Lincoln Cent? In my opinion details are fine, but obverse seems to be corroded. This could lower value of my LC? I paid for it 70$. What do you think about this purchase? Report this Post to the Staff

new2coins69 Valued Member United States 68 Posts	Posted 06/09/2013 3:32 pm I think it is xf. I cant speak for the price Though. Report this Post to the Staff
panzaldi Bedrock of the Community United States 18738 Posts	Posted 06/09/2013 4:04 pm Looks EF40, however, it also appears to have environmental damage. looks like someone attempting to clean it but what was on it had already eaten into the surface. normally I would say this type of damage would reduce it to about 20-25% of its value. A clean EF40 example would be about $140. sorry to say but I think you may have overpaid for it. is there any way you can return it? wait and see what a couple other folks say about it. Report this Post to the Staff
hesgut Pillar of the Community 1028 Posts	Posted 06/09/2013 4:24 pm This is not XF-40. I would say high Fine or low VF details. It does look like there has been some cleaning attempt or environmental damage. I always use the "what problem-free grade would you rather take instead of this one" approach to determine deduction. Luckily this coin is so rare in lower circulated grades that the price does not drop so significantly. I would rather have a VG, but not a G-4. This coin is probably worth G-6 value IMO. You can probably buy a G-6 for a bit less than what you paid, but I don't think you got ripped off, just slightly over-paid. Report this Post to the Staff
upstate Pillar of the Community United States 3283 Posts	Posted 06/10/2013 08:48 am I believe the value on this date has not gone anywhere in the last few years and nice VF-ish coins can be had for about $100. This coin has corrosion in a bad spot and was very likely cleaned (on the obverse) in an attempt to minimize the damage. I personally would have waited for a problem free coin but basically you got 30% off on the damage. Report this Post to the Staff
oih82w8 Pillar of the Community United States 7840 Posts	Posted 06/10/2013 08:51 am I would say VF35 details. Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36906 Posts	Posted 06/10/2013 12:26 pm VF-35 details, environmental damage. Report this Post to the Staff
	Replies: 6 / Views: 777

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