The 1931 wheat pennies have value as numismatic coins. Keep reading to learn more about these one cent coins.

1931 Wheat Penny

Specifications

Type: Wheat Penny
Year: 1931
Face Value: $0.01
Composition: 95% copper, 5% tin and zinc
Total Weight: 3.11 grams

The US minted the 1931 wheat penny with no mint mark and also the 1931 D wheat penny and 1931 S wheat penny. The mint mark, when present, can be found on the obverse side of the coin below the date.

Series Location Quantity Minted
1931 Philadelphia 19,396,000
1931 D Denver 4,480,000
1931 S San Francisco 866,000

Value

The 1931 wheat penny with no mint mark is worth around $0.50 in good condition. In very fine condition the value is around $1.50. In extremely fine condition the value is around $4. In uncirculated condition the price is around $20 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $35.

The 1931 D wheat penny is worth around $5 in good condition. In very fine condition the value is around $8.50. In extremely fine condition the value is around $13.50. In uncirculated condition the price is around $60 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $70.

The 1931 S wheat penny is the most rare and valuable series. This coin is worth around $60 in good condition. In very fine condition the value is around $100. In extremely fine condition the value is around $125. In uncirculated condition the price is around $175 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $195.

Grading System

Good- The date is worn but visible. The lines in the wheat heads are not visible. The rims are full.

Very fine- Lincoln's jawbone and cheekbone are worn but still separated. The wheat heads are not worn.

Extremely fine- There is only slight wear on the coin. All of the details are sharp.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.

 

Sources:

The Red Book


See also:

1932 Wheat Penny
1930 Wheat Penny
1929 Wheat Penny