1931-S 1C, RD MS65RD Certification #09433888, PCGS #2620

Owner's Comments

I examined this coin on the 20th of June 2025 and using my ELIKLIV microscope and Vantage 10X loupe, describe it thusly. The Obverse has light marking on Lincoln's right shoulder and chest, a dark carbon spot on the rim edge at about 6:00 o'clock, 3 small dark spots by the "G" of "GOD", a field of small dark spots to the right of Lincoln's face, a mark on the eyebrow, light marking on the cheek and jaw, a scratch on the middle of the jaw. I see no toning, but the previous mentioned spotting, and a darker tone to the right of Lincoln's face is seen. The Reverse shows light marks on the bottom of the "O" of "ONE", light marks on the middle of the "N" of "CENT", a light horizontal scratch at the bottom of and between the "O" & "N" of "ONE", a light diagonal mark between the lower left wheat head stalk and the rim edge, I see a brighter tone on the inside of the right wheat head that covers both the 2nd "A" of "AMERICA" and the 2nd "S" of "STATES", I see numerous black spots with a large one between the upper "M" & "E" of "AMERICA", a black spot and a black horizontal line below the "RIB" of "PLURIBUS", numerous small black spots between the ""UNUM" and the "E" of "ONE" and down to the "T" of "CENT", This is a nice coin with few marks for a MS65 but the color looks dark and dull.. Under magnification the coin looks much better and is a full Red. This coin is held in a PCGS Generation 3 holder used from January 1990 to February 1993.

Expert Comments

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. 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. 

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."

PCGS #
2620
Designer
Victor David Brenner
Edge
Plain
Diameter
19.00 millimeters
Weight
3.11 grams
Mintage
866000
Metal
95% Copper, 5% Tin and Zinc
Pop Higher
232
Pop Lower
2121
Region
The United States of America
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates Learn More

Grades
65 or Better 8000 R-3.4 90 / 143 TIE 90 / 146 TIE
All Grades 8000 R-3.4 90 / 143 TIE 90 / 146 TIE
60 or Better 2750 R-4.4 70 / 143 TIE 70 / 146 TIE
65 or Better 8000
All Grades 8000
60 or Better 2750
65 or Better R-3.4
All Grades R-3.4
60 or Better R-4.4
65 or Better 90 / 143 TIE
All Grades 90 / 143 TIE
60 or Better 70 / 143 TIE
65 or Better 90 / 146 TIE
All Grades 90 / 146 TIE
60 or Better 70 / 146 TIE

Condition Census Learn More

Pos Grade Thumbnail Pedigree and History
1 MS66RD PCGS grade MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
1 MS66RD PCGS grade
MS66RD PCGS grade #1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade
#1 MS66RD PCGS grade