The 1931-S Lincoln Cent (Penny) is a coin from the period when the “Great Depression” was going on in America. At that time the economy was so bad that the demand for coins in the market had reduced a lot. For this reason, the San Francisco Mint made only 866,000 Lincoln pennies in 1931, which is very less compared to other years. At that time, common people probably did not consider it special, but coin collectors understood its importance.
Design that is still special
The design of the 1931-S Lincoln Wheat Penny is the same as all the other Lincoln Wheat Cents between 1909 and 1958.
The obverse of the coin has a picture of US President Abraham Lincoln turned to the right, which was designed by Victor David Brenner.
The reverse has two wheat stalks with “ONE CENT” and “UNITED STATES OF AMERICA” written between them.
The words “E PLURIBUS UNUM” are written on the top.
What is this coin worth today?
The value of a 1931-S Lincoln Cent depends on its condition. It can be worth anywhere from $50 to $50,000 or more.
| Coin Grade | Estimated Value |
|---|---|
| Good (G-4) | $50 – $75 |
| Very Fine (VF-20) | $100 – $150 |
| Extremely Fine (EF-40) | $150 – $200 |
| About Uncirculated (AU-50) | $200 – $300 |
| Mint State (MS-60 to MS-63) | $300 – $1,000 |
| Mint State (MS-64) | $1,000 – $3,000 |
| Mint State (MS-65 and higher) | $3,000 – $50,000+ |
In January 2025, an MS-66+ Red grade 1931-S penny was auctioned for $38,400. This record was shared by “Coin Week”.
What causes the price of the 1931-S Lincoln penny to increase?
1. Color Designation
- Red (RD): Bright red color like new copper – highest price.
- Red-Brown (RB): Slightly dull – average price.
- Brown (BN): Completely brown i.e. fully oxidized – lowest price.
2. Surface Condition:
The coin which has less scratches, stains or wear is more valuable. Clean edges and clarity of design are important.
3. Strike Quality:
If the fine details of the design are clearly visible in Lincoln’s beard and wheat ears, then that coin is of higher value.
4. Mint Luster:
If the coin still has its original shine (which is there after coming out of the mint), then both its demand and price increase.
How to identify if you have a real 1931-S Lincoln Cent?
If you think you have such a coin, don’t rush to sell it. Take a few important steps first:
Step-by-step guide:
- Check the date and mint mark: There should be an “S” written below 1931, indicating the San Francisco Mint.
- Check the condition: Compare the coin’s condition with online guides or a grading scale.
- Check the weight and size: A genuine coin should weigh 3.11 grams and be 19 mm across.
- Get it professionally graded: Have a service like PCGS or NGC authenticate the coin.
Grading has two big benefits:
- Confirms authenticity: You know if the coin is real or fake.
- Helps negotiate pricing: You get a fair price when you sell.
Where to buy or sell 1931-S Lincoln Cents?
If you are looking to buy or sell this rare coin, these trusted platforms are perfect for you:
- Heritage Auctions – ha.com
- Great Collections – greatcollections.com
- eBay – Deal with trusted sellers
- Local coin shops and exhibition shows
Conclusion:
The 1931-S Lincoln Wheat Penny is not only historic, but can also be a great investment. If you have an old coin, it may be a treasure hidden within. Identify, examine, and have it graded by a professional — the next $50,000 coin may be right in your pocket!
FAQs
Q1: Why is the 1931-S Lincoln Cent worth $50,000?
A: The 1931-S Lincoln Cent is rare because only a small number were minted—less than 900,000. If the coin is in excellent or uncirculated condition, collectors are willing to pay high prices, even up to $50,000.
Q2: What makes the 1931-S Lincoln Cent special?
A: Its low mintage during the Great Depression makes it a key date in the Lincoln Cent series. The “S” mint mark means it was made in San Francisco, which adds to its rarity.
Q3: How can I check if I have a 1931-S Lincoln Cent?
A: Look at the front of the penny under the year “1931.” If there’s a small “S” mint mark below the date, it could be the valuable one. Make sure to examine it carefully or get it looked at by a coin expert.
Q4: How do I know if my coin is worth $50,000?
A: The value depends on the coin’s condition. Coins graded as MS-65 (mint state) or higher are the ones that sell for tens of thousands. It’s best to get the coin graded by PCGS or NGC.
Q5: Where can I sell a valuable 1931-S Lincoln Cent?
A: You can sell it through professional coin dealers, auction houses like Heritage Auctions, or online platforms like eBay. Make sure the coin is authenticated and graded to get the best price.