PCGS: The Standard for the Rare Coin Industry

1931-S 1C, RD (Regular Strike)

Series: Lincoln Cents 1909-1958

PCGS MS66+RD

PCGS MS66+RD

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PCGS MS66+RD

PCGS MS66+RD

PCGS MS66RD

PCGS MS66RD

PCGS #:
2620
Designer:
Victor David Brenner
Edge:
Plain
Diameter:
19.00 millimeters
Weight:
3.11 grams
Mintage:
866,000
Mint:
San Francisco
Metal:
95% Copper, 5% Tin and Zinc
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 8,000 R-3.4 90 / 143 TIE 90 / 146 TIE
60 or Better 8,000 R-3.4 90 / 143 TIE 90 / 146 TIE
65 or Better 2,750 R-4.4 70 / 143 TIE 70 / 146 TIE
Survival Estimate
All Grades 8,000
60 or Better 8,000
65 or Better 2,750
Numismatic Rarity
All Grades R-3.4
60 or Better R-3.4
65 or Better R-4.4
Relative Rarity By Type All Specs in this Type
All Grades 90 / 143 TIE
60 or Better 90 / 143 TIE
65 or Better 70 / 143 TIE
Relative Rarity By Series All Specs in this Series
All Grades 90 / 146 TIE
60 or Better 90 / 146 TIE
65 or Better 70 / 146 TIE

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
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.

Consequently, since the early 1930's the coins became very scarce in circulation. In fact, during that time some collectors reported finding a 1909-S V.D.B. Lincoln cent in circulation, but they never found a 1931-S.
Because of it's low mintage and all of the hoarding, the 1931-S Lincoln cent can be purchased in uncirculated grades fairly easy. The monetary spread between grades of this coin is very thin. In circulated grades it trades at very close premiums and in MS60 to MS64 grade examples can also be purchased for just about the same price.
Walter Breen indicates that an individual by the name of Maurice Sharlack single handedly acquired a hoard of 200,000 Uncirculated 1931-S Lincoln cents.
Circulated coins to MS64 coins can be purchased without much trouble. In MS65 grades, they are less common but still obtainable. The ultimate grade is MS66 and possibly no more than 100 examples exist in this grade or higher. Many of the MS66’s are of average quality. Finding an MS66 of high end quality or better, will definitely require a lot of searching. As of this writing, there are no MS67’s in existence and there probably never will be.
Ron Guth:

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."