1931 saw the first year of Zeenuts where year was not shown on the card proper, making identifying subjects extremely difficult in some cases, unless the oft-gone coupon remains attached. This PSA 4 of Ed Lipanovic is the only 1931 with Coupon of his graded and its PSA 4 assessment is exceeded by only five other cards in total for this Zeenut year, with none higher than a 5.  In short, it's a rare combination of grade and coupon in the 120 subject set. A couple of surface paper "outs" are seen, with a sliver of the card below him on the press sheet showing below the coupon. The reverse has two areas of darker foxing seen.