CoinValue

1931 San Francisco Wheat Penny

1931 | San Francisco | Mintage: 866,000 | 95% Copper, 5% Tin and Zinc
$22 – $14,675 Key Date
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Obverse of Lincoln Wheat Penny showing Abraham Lincoln bust facing right (Victor D. Brenner)

Obverse

Reverse of Lincoln Wheat Penny

Reverse

The 1931 San Francisco Wheat Penny was minted at the San Francisco Mint with a mintage of 866,000. Values range from $22 in lower grades to $14,675 in top condition. This is a key date, making it especially sought-after by collectors.

CoinValueDB Value Estimate

$4.70 – $14,675

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $1,449 High: $14,675 Low: $5 16 total data points

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$61
Very Good (VG-8)$32
Fine (F-12)$123
Very Fine (VF-20)$81
Extremely Fine (EF-40)$225
About Uncirculated (AU-50)$270
Mint State (MS-60)$565
Choice Mint State (MS-63)$1,763
Gem Mint State (MS-65)$2,650
Superb Gem+ (MS-67)$14,675

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 San Francisco Wheat Penny worth? +
A 1931 San Francisco Wheat Penny is worth between $22 and $14,675 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1931 Lincoln Wheat Cent coins were made? +
The San Francisco Mint produced 866,000 1931 Lincoln Wheat Cent coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1931 San Francisco Wheat Penny a key date? +
Yes, the 1931 San Francisco Wheat Penny is considered a key date in the Lincoln Wheat Cent series. Key dates are coins with low mintage, high collector demand, or both, making them among the most valuable in the series.
How much is a 1931-S Lincoln Wheat Penny worth? +
A 1931-S Lincoln Wheat Penny in good condition typically sells for around $100. High-grade specimens in mint state can sell for over $1,000 depending on their specific surface quality.
Is the 1931-S Lincoln Wheat Penny rare? +
Yes, it is a key date coin. With only 866,000 minted, it is much harder to find than almost any other standard Wheat Penny from the 1930s.

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