1931-S - finally I found something..........

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tx70810402
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1931-S - finally I found something..........

#1 Unread post by tx70810402 »

Not more than 5 mins ago I finally found a penny that I think is worth at least $20.........and one my Mom luckily did not get her toothbrush after! I know the condition of this is not that great, but would there be any rationale to consider getting this either graded and/or 'conserved' by NCG or PCGS? I've only got like 3,000 more pennies to go so this may be my only shot.

Mark S.
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SensibleSal66
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Re: 1931-S - finally I found something..........

#2 Unread post by SensibleSal66 »

Nice find , I searched through 50 lbs of pennies this past few months and only found a couple errors. In this condition , possibly F-12 to Vf -20 , I'd say closer to $100 . I would only do it after hearing from the consensus here and if you want authenticity and a nice holder . At this point your over the graded Value . That's your choice though .
Thanks for sharing . Keep us posted .
" All replies are my opinion based on experience"

RevlisAg
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Re: 1931-S - finally I found something..........

#3 Unread post by RevlisAg »

Can someone tell me why this penny is worth $100?

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Re: 1931-S - finally I found something..........

#4 Unread post by DanB »

RevlisAg wrote: Thu Jan 14, 2021 7:43 am Can someone tell me why this penny is worth $100?
Lower mintage (only 866k made) and grade. Will leave possible grade of coin to experts.

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SensibleSal66
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Re: 1931-S - finally I found something..........

#5 Unread post by SensibleSal66 »

The 1931S was minted in San Francisco and there were approx. only 866,00 struck with the S mint mark ( Key Date )
. Ebay shows asking" buy" it now prices at about that price for graded . I couldn't find any at Heritage Auctions in this grade , only higher . I hope this helps .
" All replies are my opinion based on experience"

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SensibleSal66
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Re: 1931-S - finally I found something..........

#6 Unread post by SensibleSal66 »

Sorry Dan beat me to it .
" All replies are my opinion based on experience"

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Re: 1931-S - finally I found something..........

#7 Unread post by Coin Mule »

tx70810402 wrote: Wed Jan 13, 2021 11:12 pm Not more than 5 mins ago I finally found a penny that I think is worth at least $20.........and one my Mom luckily did not get her toothbrush after! I know the condition of this is not that great, but would there be any rationale to consider getting this either graded and/or 'conserved' by NCG or PCGS? I've only got like 3,000 more pennies to go so this may be my only shot.

Mark S.210113220210515.jpg210113220150560.jpg
Hey Mark, good for you. First go to https://www.mintstate.com/Website/Home.aspx

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Then hit the coin value button, enter cents in the drop down and there you are.

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Now I can tell you two things for certain, one, it is a Brown coin, listed as MSBN in the matrix. The second, it is not an AU coin, so, at best your value will be from AG03 to EF40. It could come back in a Body Bag, or "Deets" (details to those above 35 yoa), so you need to be aware that even if you send it to grade, you may lose the fees and shipping on the deal. On the other hand, if you really want to learn something even if you send it off, and it comes back ungradable or "Deets", you can keep it around for the future to compare it to any future finds, this will help in your personal knowledge base. If you watch Daniel and Ben, even they get skunked at times, so if it doesn't work out, don't feel bad, it is a learning process.

Also, experience is not free, if you had a widget factory, and you made 10,000 special widgets thinking there was a market for them, and then you find out no one wants them, you lose money, but I guarantee if you are good at business, you will never make that mistake again 😜
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Last edited by Coin Mule on Thu Jan 14, 2021 11:24 am, edited 1 time in total.
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Re: 1931-S - finally I found something..........

#8 Unread post by CaptJohn2 »

I would not spend the money to have it certified. It is a nice circulated scarce date. Easy to sell the way it is, if that is what you decide.

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Re: 1931-S - finally I found something..........

#9 Unread post by Earle42 »

Nice find! I agree with The Capt.

The mindset that the grading companies are THE way to go with every uncommon coin makes leads to a lot of newbies losing money.

But f you like slabs just for liking them - then by all means...do what will make you happy.
Fact Check the grading Companies:
Download the full No-FG half vs. Grading Company report here:
https://tinyurl.com/yalrstjz or higher resolution version: https://tinyurl.com/y7rksxu8

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Re: 1931-S - finally I found something..........

#10 Unread post by kellychester33 »

Earle42 wrote: Fri Jan 15, 2021 11:46 pm Nice find! I agree with The Capt.

The mindset that the grading companies are THE way to go with every uncommon coin makes leads to a lot of newbies losing money.

But f you like slabs just for liking them - then by all means...do what will make you happy.

AND that’s why us newbies love this website! It’s awesome lol you guys are great!

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