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1931-S Lincoln wheat penny value guide -- Depression-era mintage figures and price estimates.
Note: a full grade-by-grade breakdown for this coin is still being compiled.
Depression-era low mintage -- only 866,000 struck as coin demand collapsed.
A recognized key date despite being less famous than 1909-S VDB or 1914-D.
Live listings matching the 1931-S Lincoln Wheat Penny
Other dates and varieties in this series
Condition drives price more than any other factor on a coin like this — two examples of the same date can be worth very different amounts depending on wear and authentication.
The value table above is organized by grade for a reason — a coin's condition, not just its date, sets where it lands on that range. If you're not sure how to grade, a seller's photos and description should call it out.
A professionally graded (PCGS/NGC) example carries more certainty than a raw coin, and usually a small premium for it. Both are fine to buy — just factor grading into the price you're comparing.
Prices vary between individual sellers here, not one retailer's price list. Sort by price, check the seller's Metal Points and order history, and message the seller if photos don't show enough detail to grade confidently.
About the 1931-S Lincoln Wheat Penny
A typical circulated example brings around $103, with uncirculated examples ranging from $217 to $249.
Depression-era low mintage -- only 866,000 struck as coin demand collapsed.
For anything you believe is a key date or an error, professional grading protects both buyer and seller by settling condition and authenticity before money changes hands.
List it free on PeerMetals — flat 2.75% seller fee, zero listing fees, 1–3 day payouts.
