To most people, a penny might seem like just pocket change, but in the world of numismatics, some are worth a small fortune. One of the most coveted coins among collectors today is the 1931-S Lincoln Wheat Penny. With its low mintage and rising demand, this coin has caused quite a stir in recent years—especially among those lucky enough to find one in their collection. If you own old coins, now is the time to check for this rare treasure.
1931-S Lincoln Wheat Penny
The 1931-S Lincoln Penny was minted in San Francisco during the Great Depression—a time when fewer coins were needed due to limited economic activity. As a result, only 866,000 were produced, making it the second-lowest mintage of the entire Lincoln Wheat series. Most of these were hoarded by collectors soon after their release, but a few circulated, and surviving specimens in excellent condition are highly sought after today.
Why Is the 1931-S Penny So Valuable?
Its scarcity, combined with the fact that it was part of a widely collected series, gives this coin its high value. Well-preserved versions can easily fetch $100 to $1,000, and mint state examples graded MS65 or higher can sell for $5,000 to $10,000 or more at auction. Coins with a rich red luster or those in certified slabs from major grading companies are particularly valuable.
Key Features to Identify
- The “S” mint mark below the date (1931) on the obverse
- Classic Lincoln Wheat reverse with wheat stalks on each side
- Strong strike with clear details is ideal
- Red or red-brown color increases value
If you find a 1931 penny with an “S” mark, it’s worth taking a closer look—or better yet, getting it professionally appraised.
A Penny Worth Thousands
The 1931-S Lincoln Wheat Penny proves that even the smallest coins can carry tremendous value. If you’re a collector—or just someone with an old jar of change—it’s worth checking for this Depression-era gem. One penny could turn out to be the highlight of your coin collection or a small fortune waiting to be discovered.
FAQ’s:
1. How much is a 1931-S Lincoln Penny worth today?
Value ranges from $50 to $10,000+, depending on its condition and color (red, red-brown, or brown).
2. How can I tell if my 1931-S penny is authentic?
Look for a clear “S” mint mark under the date and consider having it graded by PCGS or NGC.
3. Should I clean my 1931-S penny before selling?
No. Cleaning can damage the coin and reduce its value significantly. Always leave it as is.
4. Are there fake 1931-S pennies?
Yes, some counterfeits exist. Getting the coin authenticated by a reputable grading service ensures its legitimacy.
5. Where can I sell a 1931-S Lincoln Penny?
You can sell to professional coin dealers, at numismatic auctions, or through certified online marketplaces.