CoinValue

1931 Denver Wheat Penny

1931 | Denver | Mintage: 4,480,000 | 95% Copper, 5% Tin and Zinc
$2 – $1,525 Semi-Key
Scan Yours — Free
Obverse of Lincoln Wheat Penny showing Abraham Lincoln bust facing right (Victor D. Brenner)

Obverse

Reverse of Lincoln Wheat Penny

Reverse

The 1931 Denver Wheat Penny was minted at the Denver Mint with a mintage of 4,480,000. Values range from $2 in lower grades to $1,525 in top condition. This is a semi-key date with strong collector demand.

CoinValueDB Value Estimate

$1.00 – $10,000

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $772 High: $10,000 Low: $1 20 total data points

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$2
Very Good (VG-8)$3
Fine (F-12)$5
Very Fine (VF-20)$9
Extremely Fine (EF-40)$22
About Uncirculated (AU-50)$38
Mint State (MS-60)$71
Choice Mint State (MS-63)$120
Near Gem (MS-64)$185
Gem Mint State (MS-65)$418
Superb Gem (MS-66)$2,400
Superb Gem+ (MS-67)$5,763

About the Lincoln Wheat Penny

The Lincoln Wheat Penny began production in 1909 to mark the centennial of Abraham Lincoln's birth. President Theodore Roosevelt selected sculptor Victor D. Brenner to design the coin. Brenner chose a profile of Lincoln for the obverse and two stalks of durum wheat for the reverse. This design replaced the Indian Head Penny, which had circulated since 1859. Production continued until 1958 with few major changes to the primary design. The mint restored the designer's initials, V.D.B., to the obverse (on Lincoln's shoulder) in 1918. The composition changed from 95% copper to a zinc-coated steel in 1943 due to World War II copper shortages. The series ended in 1958 when the Mint replaced the wheat ears with the Lincoln Memorial design.

Coin Details

Designer
Victor D. Brenner
Composition
95% Copper, 5% Tin and Zinc
Weight
3.11g
Diameter
19mm
Edge
plain
Series
Lincoln Wheat Cent (1909-1958)

Collecting Lincoln Wheat Penny Coins

Start your collection by purchasing a Whitman folder to organize coins by date and mint mark. Focus on the 1940s and 1950s first, as these dates remain inexpensive and easy to find in circulation. Watch for environmental damage like green corrosion or heavy scratching, as these flaws ruin a coin's value. Avoid buying high-value key dates like the 1909-S VDB or 1914-D without third-party certification, because counterfeiters frequently add fake mint marks to common coins.

This series includes key dates — check individual coin pages for rarity details.

Frequently Asked Questions

What is a 1931 Denver Wheat Penny worth? +
A 1931 Denver Wheat Penny is worth between $2 and $1,525 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1931 Lincoln Wheat Cent coins were made? +
The Denver Mint produced 4,480,000 1931 Lincoln Wheat Cent coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1931 Denver Wheat Penny a key date? +
The 1931 Denver Wheat Penny is considered a semi-key date. While not the rarest in the series, it has above-average collector demand and typically commands a premium over common dates.
How much is a 1931-D Lincoln Wheat Penny worth? +
A 1931-D in average circulated condition typically sells for $80 to $120. Coins in uncirculated grades command prices well over $500 depending on their specific surface quality.
Is the 1931-D Lincoln Wheat Penny rare? +
The 1931-D is a semi-key date with a low mintage of 4,480,000. While not as rare as the 1909-S VDB or the 1914-D, it remains a difficult coin to find in better condition.

Related Lincoln Wheat Penny Coins

Have a penny? Scan it now.

Get instant identification, condition grading, and market value.

Scan Now — It's Free