The 1931-S Lincoln Penny is one of the rarest and most sought-after coins in U.S. history. With its limited mintage and historical significance, this coin has become a favorite among collectors. If you happen to find one in your possession, it could be worth a small fortune.
History of the 1931-S Lincoln Penny
The 1931-S Lincoln Penny was minted in San Francisco during the Great Depression. Due to the economic downturn, coin production was significantly reduced. As a result, only 866,000 of these pennies were minted, making it one of the lowest mintages in the Lincoln Cent series.
Factors That Make the 1931-S Lincoln Penny Valuable
Several factors contribute to the value of the 1931-S Lincoln Penny:
- Low Mintage – With under a million coins produced, it’s a rare find.
- Historical Significance – Minted during a critical period in U.S. history.
- Strong Collector Demand – A highly sought-after piece in numismatic circles.
- Condition – Higher-grade coins fetch significantly higher prices.
- Authentication – Coins certified by grading services hold more value.
How Much Is the 1931-S Lincoln Penny Worth?
The value of a 1931-S Lincoln Penny depends on its condition and grade:
Estimated Values Based on Condition:
- Good (G-4) – Around $75 to $100
- Fine (F-12) – Ranges from $150 to $200
- Extremely Fine (EF-40) – Valued between $250 and $350
- Uncirculated (MS-60 and above) – Can be worth $700 to $2,500+
Record Sale Price
In 2019, a pristine MS-67 Red 1931-S Lincoln Penny sold for over $18,000 at auction, showcasing its incredible value at high grades.
Identifying a Genuine 1931-S Lincoln Penny
To confirm the authenticity of your 1931-S Lincoln Penny, check for these key identifiers:
- Date & Mint Mark: The “S” mint mark should be below the date.
- Lettering & Design: Crisp, clear letters with sharp details.
- Weight & Composition: It should weigh 3.11 grams and be made of 95% copper, 5% tin and zinc.
Grading the 1931-S Lincoln Penny
Professional grading services like PCGS and NGC offer authentication and grading services. The grade significantly impacts the coin’s value, with uncirculated coins demanding the highest prices.
Key Grading Categories:
- Circulated Grades: G-4 to VF-30 (lower value)
- Uncirculated Grades: MS-60 to MS-67 (high value)
- Red Designation: Higher value due to original luster
Where to Sell a 1931-S Lincoln Penny
If you own a 1931-S Lincoln Penny and want to sell it, consider these options:
- Auction Houses – Ideal for high-grade coins
- Coin Dealers – Certified dealers offer competitive prices
- Online Marketplaces – eBay, Heritage Auctions, and Great Collections
- Coin Shows – A great place to connect with collectors
Conclusion
The 1931-S Lincoln Penny is a rare and valuable treasure. If you find one in your collection, it could be worth a significant sum, depending on its condition. Be sure to verify its authenticity and consider professional grading to maximize its value. Happy coin hunting!
FAQs
1. How many 1931-S Lincoln Pennies were made?
Only 866,000 were minted, making it one of the lowest mintage Lincoln cents.
2. What makes the 1931-S Lincoln Penny valuable?
Its low mintage, historical significance, and collector demand make it highly valuable.
3. How much is a 1931-S Lincoln Penny worth today?
Depending on condition, values range from $75 to over $18,000 for high-grade examples.
4. Where can I sell my 1931-S Lincoln Penny?
You can sell it through auction houses, coin dealers, online marketplaces, and coin shows.
5. How do I know if my 1931-S Lincoln Penny is real?
Look for the “S” mint mark, check the weight (3.11 grams), and consider professional authentication.
