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1931-S Buffalo Nickel ANACS F15 Details

$20.00

 

Historical and Numismatic Significance

 

The 1931-S Buffalo Nickel is considered one of the key dates in the entire Buffalo Nickel series (1913-1938).

 

  • Mintage Rarity: The San Francisco Mint struck only 1,200,000 of these nickels in 1931, making it the second-lowest mintage of any regular-issue Buffalo Nickel (only the 1926-S is lower at 970,000).

     

  • Historical Context: Production in the early 1930s was severely reduced due to the economic collapse of the Great Depression. The 1931-S was the only nickel issue of that year, as the Philadelphia (P) and Denver (D) Mints produced none.

     

  • Survival Rate: While many were saved by speculators who recognized the low mintage almost immediately, a substantial number were released into circulation years later. This is why problem-free circulated examples, while available, still command a premium.

     

 

Grading and Condition Breakdown

 

Term Meaning Impact on Value
1931-S Key date, San Francisco Mint. This fact establishes a strong base value regardless of grade. High
F15 (Fine 15) The coin saw heavy circulation. On a Buffalo Nickel, a Fine grade means: The date is fully readable; the Indian’s cheekbone is bold but flat; the word LIBERTY is visible but worn; and the Buffalo’s horn is often incomplete. Moderate
ANACS American Numismatic Association Certification Service. A recognized third-party grader that authenticates the coin. Positive (Verifies authenticity)
“Details” This is the designation given when a coin is genuine but has serious problems, disqualifying it from a straight numerical grade. Negative (Severely limits marketability)
“Cleaned” This is a form of permanent surface damage. Cleaning (usually involving harsh chemicals or abrasive materials) removes the original patina and luster, leaving the surface unnatural and often impaired, which is highly undesirable to serious collectors. Severe Negative (Lowers value substantially)

 

Estimated Value

 

The low mintage of the 1931-S establishes a high floor for the value, but the “Cleaned” designation causes the coin to be valued significantly lower than a problem-free example.

  • A problem-free 1931-S in true Fine (F15) condition is typically valued in the $20 – $30 range (retail).
  • Your coin, graded as “Details – Cleaned”, will sell for a fraction of that amount, often at the low end of the market for a certified problem coin.

Estimated Value Range: $15 to $25 USD

 

While it will sell for less than a pristine example, the certification ensures it will realize more than a raw, unverified, and damaged coin. This piece serves as an affordable way for a collector to acquire a certified example of a major key-date coin.

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