1931-S Lincoln - Toasted And Roasted

Liberty looks like from a worn die. Mint mark appears as an RPM maybe. Look closer at the S. Might be a D or another S under it. I don't think that is from a fire. Can't see how a fire would pit a coin that is basically all one type of metal. I could see it in a layered coin, but if those are holes in the metal, not sure how a coin would do that. Regardless, it wouldn't be worth much. Note the prices of that coin is basically very low in MS grades due to the massive hoarding in such grades back in the 30's area. If perfect only a little over $100. Almost looks like something that was pepper boxed with fine grains of sand in a shot shell. Type of stuff used in a .357 shot shell.

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Liberty looks like from a worn die. Mint mark appears as an RPM maybe. Look closer at the S. Might be a D or another S under it. I don't think that is from a fire. Can't see how a fire would pit a coin that is basically all one type of metal. I could see it in a layered coin, but if those are holes in the metal, not sure how a coin would do that. Regardless, it wouldn't be worth much. Note the prices of that coin is basically very low in MS grades due to the massive hoarding in such grades back in the 30's area. If perfect only a little over $100. Almost looks like something that was pepper boxed with fine grains of sand in a shot shell. Type of stuff used in a .357 shot shell.

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There's no holes or pits, if you're seeing that, it's due to my poor photography skills. This coin looks a lot better in hand than the pictures show. It's definately MS or I wouldn't have bought it.

I think I'm going to return it based on what you guys are saying. He had a couple BU 30's cents that caught my eye and I already have a 31S. At the time, it seemed like a great buy.

Thanks

I agree, if you soaked it, it may come clean. Depending what grade you paid for it may be a good deal, if you paid MS63 Red prices then I would definitely take it back.

Thad

First let me say that only you can determine if you got ripped on this coin .

My opinions are from my own Ideas of what the coins I buy for my collection have as attributes and or detraction's which are acceptable or unacceptable.

One thing I would like to point out is that Mint State is an indication of the overall quality of a coin ,, a coin displaying the damage that this one has IMO cannot be called mint state regardless of the detail which may be retained under that damage .

For the dealer to sell the coin at G-4 prices (also my opinion) is a bit liberal for a coin that has been burned in a fire ,, it retains very little of the original color ,, the silver color is a very good indication that it has been subjected to extreme heat ,, the black that is on the coin even if it could be removed would leave you with a discolored cleaned coin which would only exacerbate the damage that is already on the coin .

Metalman

BadThad: Regardless of anything I suggest you give that one back to the seller. You can do a lot, lot better on that coin in very high grades due to the amount available. If you look at most price guides you would notice that although a low mintage, also low prices due to how common it is in high grades. Just a suggestion.

I like the look of the coin. I'm not sure how much you paid for it, but I do believe there is a mark for this coin. I think if you were to put this up on ebay, you might get anywhere from 70-100 dollars. Who knows. Check some of the completed auctions. If I were you, try sending it to NCG?

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Wonder if NCS could do anything with it? Hummmmmmmm

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I was in contact with someone from NCS about a coin that I might send to them. Anyways, I hope you don't mind but I asked if there was anything they could do with your coin. This is what they said:

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As for the 1931 S, we probably would not be able to help that coin. It looks like the fire was hot enough to alter the surface metal causing that "oil slick" look to the surface.

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Personally, I like the look of your Lincoln.