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Message:: [QUOTE="Just Carl, post: 91089, member: 4552"]Many of the early pennies minted have low mintages for the S mint making them a lot more difficult to find. Then there is the location situation. If you live in the Mid West or the East the chances of finding S mints in the old days was also less likely. Even back in the 50's and 60's when I was just getting interesting in coin collecting I noticed the lack of S mint coins. The spreading of that information also made hoarding of S mint coins when found a thing many of us all did back then. That's one of he reasons the 1931S is so cheap. Many of us hoarding that coin as fast as they hit the streets. At o;ne time I had a roll of them but slowly traded them off. I still remember a dealer way, way back some time ago saying how lucky everyone around him is because he has a lot of S mint pennies. Keep looking. You never can tell what is at the bottom. When I was a kid I used to go the bank and buy a $50 dollar bag of pennies and came up with the same thing you are now.[/QUOTE]