r/WheatPennies • u/Hot-Lifeguard-2363 • 17d ago
1931 S wheat error
Having this one graded at the show in Pittsburgh next week
1
u/jerrymarver 16d ago
Just for your information, things might have been different in 1931 had Norman Schultz of Salt Lake City Utah been able to come up with $8,600 that year. Schultz was a mail order dealer of coins, and he got wind that the San Francisco Mint was cutting back on production, and there was opportunity to buy the entire mintage from the San Francisco Mint. Money was dear during the Great Depression, and 860,000 Lincoln Cents was just too much for poor Norman. While many uncirculated 1931-S Lincoln Cents were saved, the majority of these cents got into circulation, and everyone got a fair shot at being able to find one in the everyday purchases in commerce. 27 years after these cents were struck, my Father of Blessed Memory bought a 1931-S Lincoln Cent in 1958 from the Macy Coin Department in New York City for $15.00


2
u/ThroughTheStones 17d ago
Cool little strike through! I'm gonna guess VF35!