1931-S Wheat Penny
The 1931-S Wheat Penny had the second lowest mintage out of the entire series with just 866,000 from the San Francisco Mint. When coins were announced to have a lower mintage, collectors scooped them up and hoarded them which has made this coin relatively accessible in Mint State condition, although it is believed that none exist in the highest grades. Due to many being saved, the prices for this coin aren’t what one would expect.
History of the 1931-S Wheat Penny
The 1931-S Wheat Penny is a key date in the series due to it being the second lowest mintage. Although it’s an important date and would make an ideal addition to round out a Wheat Penny series collection, it is very affordable compared to many of the others in the series. It’s possible to find this coin in circulated grades, although less exist due to many being hoarded at the time of release. Cherrypicking is advised with the 1931-S Wheat Penny to ensure it is well-struck with attractive surfaces. This coin tends to hold its value.
1931-S Wheat Penny Worth
The 1931-S Wheat Penny value ranges from $5,000 to about $7,000 for Mint State uncirculated coins ranging from browns to reds. Although the 1931-S Wheat Penny has a tiny mintage, it is very affordable, all things considered. The Wheat Penny series is accessible for those who want to build a full coin collection without spending a ton of money, especially if creating the collection out of circulated coins.
Type of coin: Penny
Year: 1931-S Wheat Penny
Wheat Penny Mint Mark: San Francisco
Total mintage: 866,000
Metal content: 95% Copper, 5% Tin and Zinc
Face value: 1 cent
Weight: 3.11 grams
Edge: Plain
Designer: Victor David Brenner
Diameter: 19.00 millimeters