Thanks To David Lawrence
Jaime Hernandez: The 1931-S is the second lowest mintage in the entire Lincoln cent series. The mintage of the 1931-S Linoln cents were revealed soon after they were struck and those who knew about the low mintage, would usually hoard the coins.
According to a notice in the June 1934 issue of The Numismatist (p. 416), collectors could still purchase Uncirculated 1931-S Cents for "the face value of the coins and an amount sufficient to cover the mail charrges by first-class mail."
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