1931 Penny Value: What Are 1931 Pennies Worth? Find Out Here

When trying to determine the value of a 1931 penny, it is essential to take into account the degree to which it has been kept, the degree to which it is scarce, and whether or not it is a common issue or a special kind such as the 1931-S version.

1931 Penny Value: What Are 1931 Pennies Worth? Find Out Here

There are many different amounts of money that a silver dollar from 1931 could be worth, and the following is a list of those amounts:

The 1931 Lincoln Wheat Penny doesn’t have a mint mark.

• The 1931 penny without a mintmark was made in Philadelphia. It is pretty common, but its value relies on how well it is kept. A lot of pennies from 1931 are worth:
• Fine (F-12): $0.30 to $0.50 Good (G-4): $0.10 to $0.20
• From $0.75 to $1.50 for Very Fine (VF-20)
• Very Fine (EF-40): $2 to $3
• Not used (MS-60 to MS-65): $5 to $15

2. A Lincoln Wheat Penny from 1931-S

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The 1931-S penny, which was made in San Francisco, is much harder to find and, as a result, worth more. One of the pennies that fans really want is this one. The value varies based on the following conditions:

• Fine (F-12): $10 to $15 Good (G-4): $4 to $8
• $25 to $40 for Very Fine (VF-20)
• Very Fine (EF-40): $50 to $75
• $200 to $800 (or more, based on the grade) for uncirculated (MS-60 to MS-65).

3. The Lincoln Wheat Penny from 1931-D

• This penny was made in Denver in 1931 and is also pretty common, but it can be worth a little more than the Philadelphia issue:
• Fine (F-12): $0.50 to $0.75 Good (G-4): $0.10 to $0.30
• Very Fine (VF-20): $1 to $2
• Very Fine (EF-40): $2.50 to $4
• Not used (MS-60 to MS-65): $6 to $20

Things that affect value are:

• state (Grade): The value goes up as the state (or grade) gets better. Unused coins, also called “mint condition” coins, are worth more.
• As was already said, a 1931-S penny is worth a lot more than a normal 1931 penny that doesn’t have a mintmark.
• Rarity: The 1931 penny isn’t very hard to find, but the 1931-S is, which makes it more expensive.

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To get an exact estimate of how much your 1931 penny is worth, you should have it graded by a reputable coin grading service such as the Numismatic Guaranty Corporation (NGC) or the Professional Coin Grading Service (PCGS).