1931-S Wheat Penny


In 1931, the Lincoln penny suffered a lean year in coin production. Only 866,000 wheat pennies were minted that year, making wheatbacks from 1931 very rare and highly valuable pennies for coin collectors.

The 1931-S wheat penny, even in its lowest grades, could fetch $100 at the very least. This has increased the marketability of such a coin. Coin collectors who have obtained a 1931-S wheat penny even go to the extent of sending their coins to a coin authenticity and grading service, such PCGS, ICG or ANACS, to ensure the protection and value of their collection.

Did You Know?

The 1931-S Lincoln Wheat Cent had the second lowest number minted at 866,000 with the rare 1909-S VDB being the lowest at 484,000.

High Grade Semi Key 1931-S Lincoln Wheat Cent US Copper Penny Coin Lot E707
High Grade Semi Key 1931-S Lincoln Wheat Cent US Copper Penny Coin Lot E707 $155.33
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High Grade Semi Key 1931-S Lincoln Wheat Cent US Copper Penny Coin Lot E708
High Grade Semi Key 1931-S Lincoln Wheat Cent US Copper Penny Coin Lot E708 $153.33
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1931 S Lincoln Wheat Cent Key Date Very Fine Condition see scan
1931 S Lincoln Wheat Cent Key Date Very Fine Condition see scan $59.00 (10 Bids)
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1931-S Lincoln Wheat Cent #2 - Key Date - VG
1931-S Lincoln Wheat Cent #2 - Key Date - VG $41.00 (10 Bids)
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1931-S San Francisco Mint Copper Lincoln Wheat Cent
1931-S San Francisco Mint Copper Lincoln Wheat Cent $83.00 (23 Bids)
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1931-S Lincoln Cent Wheat Penny, Beautiful Red, Solid Gem BU++ RD Better Date!
1931-S Lincoln Cent Wheat Penny, Beautiful Red, Solid Gem BU++ RD Better Date! $200.50 (22 Bids)
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1931-S Lincoln Wheat Cent *3151
1931-S Lincoln Wheat Cent *3151 $112.45
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1931-S Lincoln Wheat Ears Cent *J62
1931-S Lincoln Wheat Ears Cent *J62 $107.96
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Collectors keep in mind certain “key dates” for Lincoln pennies, such as the 1921, the 1921-D, and the 1916-D. However, semi-key coins, such as the 1931-S are even harder to collect because of their rarity.

While a 1931-S wheat penny may not be the rarest or most expensive wheat penny in existence, such as in the case of a 1909-S VDB wheat penny, a 1914-D or a 1922-plain wheatback, but still remains an important coin to have for many collectors. These types of wheat pennies escalate in price up to triple of their actual face value if they remain in good condition and are not so badly damaged, or their detail worn off the face of the coin.