The 1931-S Lincoln Wheat Penny is a coin that has captivated collectors and enthusiasts for decades. Its rarity, historical significance, and potential value make it a remarkable discovery for anyone lucky enough to stumble upon one in their possession.
With limited quantities minted and a growing demand among numismatists, this penny continues to intrigue those who appreciate the beauty and history behind U.S. coinage.
1931-S Lincoln Wheat Penny
The 1931-S Lincoln Wheat Penny is one of the rarest coins in the Lincoln cent series. Minted in San Francisco, only 866,000 coins were produced, making it a coveted find for collectors.
Its rarity is enhanced by the fact that many of these coins were put into circulation during the Great Depression, and relatively few remain in pristine condition today.
Key Features
This penny features Abraham Lincoln’s profile on the obverse, designed by Victor David Brenner. The reverse showcases two wheat ears framing the words “ONE CENT.”
Its “S” mint mark, located below the date, signifies its San Francisco origin. This coin’s distinct design and historical context elevate its significance among rare coins.
Current Market Value
The value of the 1931-S Lincoln Wheat Penny varies depending on its condition. A heavily worn coin may fetch $75 to $100, while a mint-state specimen can sell for thousands of dollars at auction.
Collectors prize this penny not only for its rarity but also for its investment potential, as its value has steadily increased over time.
Tips for Identifying Authenticity
Authenticating a 1931-S Lincoln Wheat Penny involves examining its details closely. Key factors include the size and position of the mint mark, the coin’s overall weight, and the alignment of the design features.
Using a magnifying glass or consulting a numismatist can help verify its authenticity and value.
| Feature | Description | Importance | Potential Impact |
|---|---|---|---|
| Year | 1931 | Establishes rarity | Indicates scarcity |
| Mint Mark | “S” for San Francisco | Distinctive mark | Adds collector value |
| Obverse Design | Abraham Lincoln profile | Iconic feature | Enhances appeal |
| Reverse Design | Wheat ears and “ONE CENT” | Classic symbol | Represents era |
| Minted Number | 866,000 | Limited supply | Drives demand |
| Condition | Grading scale from Poor-MS | Determines value | Influences pricing |
| Current Value | $75 to thousands | Depends on grade | Investment potential |
The thrill of finding a 1931-S Lincoln Wheat Penny is unparalleled, especially knowing its historical significance and financial worth. Whether found by chance or acquired through dedicated searches, this coin holds a unique place in U.S. numismatic history.
What makes the 1931-S Lincoln Wheat Penny so rare?
The 1931-S Lincoln Wheat Penny is rare due to its limited mintage of only 866,000 coins, making it one of the scarcest pennies produced in the Lincoln series.
How much is a 1931-S Lincoln Wheat Penny worth?
Its value depends on its condition. A circulated coin might be worth $75 to $100, while uncirculated examples can fetch thousands of dollars.
Where can I find a 1931-S Lincoln Wheat Penny?
You might find one in old collections, estate sales, or even in circulation. Checking rolls of pennies from banks is another method enthusiasts use to hunt for rare coins.
