Hey everyone! I’ve been diving deep into my Lincoln penny collection lately, and the 1931-S seems to be tugging at my heartstrings. I have the chance to grab a higher-grade example, but it’s a bit of a splurge for me. I’ve noticed that these higher grades can really take off in value, especially compared to lower-grade examples. But then, I think about my goal of completing a full set—something I’ve always dreamed of!
From what I’ve researched, the differences between grades can significantly affect their market prices. A good condition 1931-S can sell for hundreds, while a lower-grade one might be a fraction of that. But I’ve also observed that having a complete set is incredibly satisfying in its own right. Plus, I’ve got several lower-grade coins that have their own charm!
So I’m turning to you all for insight. Do you think it’s wise to invest in that higher-grade penny, or would my resources be better spent on filling out my set? What are your thoughts on the market trends for these coins? I’d love to hear your experiences and what you’ve decided in your collections!
Great topic, PennyPincher123! I’ve been collecting Lincoln pennies for years, and the dilemma between focusing on high grades versus completing a set is a common one. The 1931-S penny is notorious for its scarcity, particularly in higher grades. Personally, I believe investing in a higher grade could pay off in the long run. These coins not only appreciate in value but also have a more impressive aesthetic. For example, I bought a PCGS MS65 version a while back, and it has been a game changer in terms of value. Yet, collecting can also be about the joy of the hunt. A complete set brings a different sense of accomplishment. So, my advice? If you can swing the budget, go for the high grade! You won’t regret it in the future. Check out PCGS for more insights!
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Thanks for the insights, CoinCollector21! I’m definitely leaning towards the higher grade but was a bit hesitant. Your experience helps me feel more confident in my decision.
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I hear you! The 1931-S is a fascinating coin to discuss. Its Mint State condition significantly influences the market price. If you can afford a high-grade version, it really could be a solid investment, considering how the market has shifted recently. Research shows collectors are willing to pay a premium for high-grade coins, especially for key dates like the 1931-S. I recently attended a coin show, and those high grades were flying off the tables! Just make sure you base your decision on personal goals; if your heart is set on a complete set, that satisfaction should also be factored in. Happy collecting!
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Honestly, I’ve gone both routes and both have their merits. I started with completing a set, but then I sold most of my low grades to fund some high grades. It just depends on what brings you joy. If you can manage to get that 1931-S in a nice grade, I’d say go for it! But if you’re still enjoying the process of building your set, there’s nothing wrong with that either! Just make it fun. 
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Just a thought! If you’re thinking about long-term investment, I’d still push for that higher grade. The difference in resale value down the road can be significant. Check out some auction results for the 1931-S, and you’ll see what I mean. Full sets can be fulfilling, but high-grade coins often bring better returns. Just my opinion! Have you looked at prices on NGC? They have some useful data.
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Thanks, @RareCoinHunter! That’s a great suggestion. I’ll definitely check out the auction results on NGC. I’ve been mainly focused on just completing my set, but you’ve got me thinking about the long-term value!
Hey PennyPincher123! I went through a similar struggle not long ago with my collection. In the end, I went for a mixture. I invested in a couple of higher grades but still focused on lower grades for the set. Having the best of both worlds really satisfied me! It also helps keep your investment safer. Just my two cents! What are your top three favorite pennies?
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