1911-S Cent W/ Electrical Hole?

There are two types of 'damage' you could be looking for: mint errors and post mint errors. The first category is for example off-center strikes, double die coins, die clashes, etc. Just about anything a mint can do to deliver not-perfect coins. Those usually give extra value to specific collectors.

All other coins with damage are considered 'post mint damage' or PMD for short. That basically means that your coin is ruined and honestly, I know no one who collects coins with post mint damage. In this case your 1911 cent is probably considered to be worth 1 cent to most people. Only metal dealers will say that the actual metal value is just above that, but the hole in your coin absolutely add no value for anyone. I think most people will use it as a 'place holder' at best in their collection and get rid of it as soon as they find something better.

For the grade, it will probably indeed get a VF grade with a huge comment on 'details' or 'damaged' or something like that. They might even send the coin back in a 'body bag' if they consider it ungradeable.

That darn ed hole! It's a shame, the penny is pretty nice otherwise.

If it was mine I'd put it in my better date cull box .

@Ultrarant,there are a few who collect ruined coins. I have heard of a clergyman to made a display of the most appalling ruined coins that were given in church collection plates.

I think that is exceptional, though.

OUCH! One of the more valuable Lincolns - ruined.

Looks like an EF/AU coin to me, what a shame.

Thanks everyone for your input, both positive AND critical. That's what I need to hear. I think I'm going to learn a lot here and I appreciate any knowledge you can impart upon me! If anyone's interested I will post better pics, because in my opinion. It is the nicest looking 1911s I've seen in person (minus the hole of course) and I'm curious to what you would grade the rest of the coin had it not been SEVERLY damaged. Once again, thank you all!