1931 Wheat Penny Value

When worn, a 1931 Wheat Penny is typically worth about 7.5¢ and a 1931-D Wheat Penny about $49.00. The 1931-S Wheat Penny (about $35.00 when worn) is a key date.

1931 penny: front (type example, 1909 Philadelphia VDB cent) — Type example: 1909 Philadelphia VDB cent. Your coin's date and mint mark may differ. The V.D.B. initials on this example's back were removed during 1909, so later wheat pennies don't have them.
Photo credits
National Numismatic Collection, National Museum of American History (photo: Jaclyn Nash) (PD; source)

1931 penny: back (type example, 1909 Philadelphia VDB cent) — Type example: 1909 Philadelphia VDB cent. Your coin's date and mint mark may differ. The V.D.B. initials on this example's back were removed during 1909, so later wheat pennies don't have them.
Photo credits
National Numismatic Collection, National Museum of American History (photo: Jaclyn Nash) (PD; source)

Check your own 1931 penny

Take a photo of each side. Penny Value helps you narrow down which 1931 penny you have and what to check.

Check your own penny

Penny Value is an Android app for now, so it isn't on the App Store. The values and checks on this page are free to use.Penny Value is an Android app. Open this page on your Android phone to check your own penny with a photo.

Every 1931 penny

Worn = typical value when worn (Good to Very Fine); MS-60 = uncirculated. Values as of Q4 2026 · Penny Value estimates · not an offer to buy.

1931
Philadelphia · 19.4 million made
7.5¢worn
$110MS-60
1931-D
Denver · 4,480,000 made
$49.00worn
$210MS-60
1931-S
San Francisco · 866,000 made
Key date
$35.00worn
$100MS-60

How to tell them apart

S below the date: 1931-S
The lowest-mintage regular Wheat cent after 1909, so check for an added S: 1931-S

Mint marks

1931 pennies for circulation were struck in Philadelphia (no mint mark), Denver (mint mark D) and San Francisco (mint mark S). The mint mark is below the date, on the front.

Questions

How much is a 1931 wheat penny worth?

When worn, a 1931 Wheat Penny is typically worth about 7.5¢ and a 1931-D Wheat Penny about $49.00. The 1931-S Wheat Penny (about $35.00 when worn) is a key date. These are Penny Value estimates as of Q4 2026, for information only.

Where is the mint mark on a 1931 penny?

1931 pennies for circulation were struck in Philadelphia (no mint mark), Denver (mint mark D) and San Francisco (mint mark S). The mint mark is below the date, on the front.

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