1931-S Key Lincoln Cent, MS65BN PCGS CAC. Highly lustrous brown surfaces show glints of green and lavender on both sides. One small mark is worth mentioning on the coat. A well-struck coin but produced from fatigued dies with a slight “ghost” of Lincoln on the reverse. Cert # 24166519. PCGS Population: 36 in 65BN, 2 finer. CAC Population: 5 in 65BN, 1 finer (3/2021). The CAC suggested retail price for an example in this grade is $520.
Fun Fact: Only 866,000 examples were struck of this issue, and it would be four more years, until 1935, before the San Francisco Mint would produce any more cents. Collectors at the time were aware of the low mintage, but the Treasury held back many coins and released them later at face value. Well-struck 1931-S cents are in the minority.