Net Grading
Iampoorman2
Posts: 207 ✭
So, I make the mistake of buying sight unseen, from a family friend no less. He was in town visiting and found out that I collected some coins. I believe he is 85 years old now. He convinced me that he had a MS64 1931-S Lincoln and he would sell it to me. It's one I needed, so I coughed up the cash and sent it home with him, with the agreement that he would send me the coin. A few months passed, and no coin. So, I called up the parents and asked them if they could ask thier friend about it. Apparently, the gentleman had a significant stroke a couple of days after he returned home and is now in bad shape. But, my mom did ask the man's wife about it and she sent me the coin.
That's the big story of why I can't send this back. I wouldn't have the heart to ask them for the money.
Anyway, below is the coin. It has obviously been cleaned as some point. You can see the luster, but it's very flat. Do you have any guesses at what net grade I should speculate? I really don't want to waste the money to send it in. It's not staying in my collection. .
That's the big story of why I can't send this back. I wouldn't have the heart to ask them for the money.
Anyway, below is the coin. It has obviously been cleaned as some point. You can see the luster, but it's very flat. Do you have any guesses at what net grade I should speculate? I really don't want to waste the money to send it in. It's not staying in my collection. .
A 1943 copper Lincoln will still only buy a gumball out of the machine, but you can purchase the machine and the store with that same cent.
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Comments
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
It's hard to make a call based on the photos. The chatter on the shoulder, the AM in AMERICA, the O in ONE, are common and from the planchet. But there are scattered hits (eye brow, left sheaf, lapel, collar, and nicks in the fields and lettering). I don't know what's going on to the left of the left wheat straw. Toning or PMD?
I would guess net-62. Bummer about the cleaning.
Lance.
I have a customer that needs a 31-s and he does not care if it has been cleaned. He just needs one for a decent price. What kinda price are you gonna ask if you are selling the coin?
He may be interested if the price is right. He likes them anyway he can get them along as they are priced in his price range. Said he is working on several books of the #1 Whitman folder for his grand kids.
Mark
If it's truly got no wear I'd net this at MS60, you could probably get $150 for it on eBay with good pictures.
For this date it might actually smooth the sale if you can get in into a slab, even if just as a "gennie" or "details graded."
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>................. some people will net grade problems down lower than others. >>
Doesn't it depend if you are buying or selling?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire