Discussion in 'What's it Worth' started by kaosleeroy108, Nov 20, 2009.
Log in or Sign up to hide this ad.
Yes, there were only 866K of them minted, but the low mintage was publicized at that time, which led to the coins being saved by collectors etc. so that many many of them are in nicer condition than their contemporaries like the 1930 etc with much larger mintages. A lot of them were even saved in rolls.
The few of them that actually circulated only saw light circulation before some collector got hold of them and save them from more wear down the years.
You don't say it, but you are talking Lincolns.
Secondly, I don't know where you got your "book value", but they don't sell for that much anywhere I know. They go for between $200 and $275 on Heritage.
As to why it is worth so little, I personally met someone who managed to get 2 bags of them, but that is peanuts compared to this story;
http://www.valuable-coin-stories.com/1931-S.html. Why so little - because so many were saved.
In a lot of ways, it's like the 1950-D Jefferson Nickel. It was known to be a low mintage so everyone saved them in the hopes of making money.
The following year saw the S minted cent as a proof only, which resulted in demand for it, I remember years ago they were upwards of $15-18 each and now they are about where the 1976s and other proof coins are price wise because there is no demand for them anymore. They are worth less now than they were 30 years ago.
Here, I'll post all the answers to the question you asked here.
I was just going to say the same thing. Coin collecting is nothing new and may have been even more popular with the general public in the past. The 1950-D nickel was the lowest minted of the entire series.
Everybody knew it when they were coming out so they were all quickly pulled from circulation and saved by the rolls. They've been saved ever since so today there are many many high quality examples available and thus, they are very affordable.
Just like the 31-S cent apparently. Higher mintages went unnoticed with less fanfare. As a result, much fewer people saved anything from them. Resulting in far less 'high quality' coins from many high mintage years. This is common with most series' of coins throughout U.S. history.
I paid $30 for a 1931-D that was probably an XF, around 1966. It was by far my most valuable coin.
A couple of years ago I paid $40 for one that was much nicer and beautifully toned. And don't forget the inflation in between then and now.
I could only dream of having a 31-S when I was a teenager.
Not a bad price me likes
1933 Saint Gaudens Double Eagle.
445,500 struck which is a lot more than many other Saint Gaudens Double Eagles.
Many other dates can be gotten in MS-63 for under $2000.
There is only one 1933 Saint Gaudens Double Eagle available for private ownership.
That one sold for about $7,600,000.
other Lincoln cents that are rarer.
1955 doubled die
1922 no D
1969-S doubled die
1944 steel cent
1943 copper cent
I did notice a couple of years ago very nice examples of the 31-S were being bought in EBay auctions in the $80-$99 range.
Once a particular coin sells for that value, That pretty much establishes the value of that coin.
Cuz nobody's interested in 31's. Kinda modern i think
Separate names with a comma.