1931 S Lincoln Cent Value

[TypeCoin971793]

I was wondering what a good price to buy this is. It is a strong EF Details coin with some obverse damage. I can get it for $75, but I want second opinions before I take the plunge.

 

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[TypeCoin971793]

 

[hunts with son]

Just a quick check on eBay shows nothing below $80. You would need to check out the grades to see what is comparable.

Good luck.

 

[huntsman53]

That does not appear to be damage on the Obverse. It appears to be both a Lamination and De-Lamination Error due to a Planchet flaw. While the $75 is a very good price for a no problem specimen of the same condition, I believe that the Planchet flaw will seriously deter from the value of the coin due to it being a Key Date. Collectors that need a Key Date coin for a collection/set and are not looking for Filler coins, would shy away from purchasing or bidding on the coin. While the Lamination and De-Lamination Error can boost the value of most more common Date coins, they all too often have the Reverse effect on Semi-Key and Key Date coins! Just look at the 1909-S/S "S Over Horizontal S" Variety Lincoln Cent compared to a problem free 1909-S Lincoln Cent. The 1909-S/S "S Over Horizontal S" Variety Lincoln Cent is usually valued at around 10% to 15% below a problem free specimen of the same grade but in reality, when you go to sell a specimen with the Variety, it usually goes for 20% to 40% less.

http://www.pcgs.com/Prices/PriceGui...&SP=1&c=46&title=Lincoln+Cent+(Wheat+Reverse)


Frank

 

[cudamark]

Agreed, I'd pay a little more for a key date without any condition issues.

 

[TypeCoin971793]

That does not appear to be damage on the Obverse. It appears to be both a Lamination and De-Lamination Error due to a Planchet flaw. While the $75 is a very good price for a no problem specimen of the same condition, I believe that the Planchet flaw will seriously deter from the value of the coin due to it being a Key Date. Collectors that need a Key Date coin for a collection/set and are not looking for Filler coins, would shy away from purchasing or bidding on the coin. While the Lamination and De-Lamination Error can boost the value of most more common Date coins, they all too often have the Reverse effect on Semi-Key and Key Date coins! Just look at the 1909-S/S "S Over Horizontal S" Variety Lincoln Cent compared to a problem free 1909-S Lincoln Cent. The 1909-S/S "S Over Horizontal S" Variety Lincoln Cent is usually valued at around 10% to 15% below a problem free specimen of the same grade but in reality, when you go to sell a specimen with the Variety, it usually goes for 20% to 40% less.

Lincoln Cent (Wheat Reverse) (1909-1958)


Frank

Thank you. That is what I needed to hear. I will be staying away from it at that price.