Price Guide for 1831 Cent Variants

This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.

1831 Penny Large Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $12.00 – $5,750.00
    Uncirculated: $2.55 – $14,950.00
  • eBay
    Circulated: $8.50 – $499.99
    Uncirculated: $684.00 – $1,500.00
  • PCGS Price Guide
    Circulated: $26.00 – $715.00
    Uncirculated: $750.00 – $10,500.00
1831 Penny Medium Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $16.00 – $2,760.00
    Uncirculated: $403.00 – $6,325.00
  • eBay
    Circulated: $20.50 – $629.00
    Uncirculated: $202.50 – $2,689.00
  • PCGS Price Guide
    Circulated: $32.00 – $850.00
    Uncirculated: $1,000.00 – $5,000.00
1831 Penny Large Letters, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $161.00 – $17,825.00
  • PCGS Price Guide
    Uncirculated: $800.00 – $21,500.00
1831 Penny, BN (Proof)
  • 3rd Party Price
    Uncirculated: $9,900.00 – $31,725.00
  • eBay
    Circulated: $14.50 – $97.00
  • PCGS Price Guide
    Uncirculated: $17,500.00 – $80,000.00
1831 Penny Medium Letters, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $1,265.00 – $43,700.00
  • PCGS Price Guide
    Uncirculated: $1,750.00 – $68,500.00
1831 Penny N-1 Large Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $192.00 – $763.75
    Uncirculated: $235.00 – $2,585.00
  • eBay
    Circulated: $39.90 – $335.00
  • PCGS Price Guide
    Circulated: $35.00 – $675.00
    Uncirculated: $750.00 – $2,150.00
1831 Penny N-6 Large Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $180.00 – $630.00
    Uncirculated: $576.00 – $4,320.00
  • eBay
    Circulated: $27.00 – $90.00
    Uncirculated: $3,155.00
  • PCGS Price Guide
    Circulated: $35.00 – $675.00
    Uncirculated: $750.00 – $5,000.00
1831 Penny N-6 Large Letters, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $4,560.00 – $8,813.00
  • PCGS Price Guide
    Uncirculated: $1,400.00 – $11,000.00
1831 Penny N-7 Large Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $161.00 – $690.00
    Uncirculated: $540.00 – $9,600.00
  • eBay
    Circulated: $60.00 – $267.50
  • PCGS Price Guide
    Circulated: $35.00 – $675.00
    Uncirculated: $750.00 – $5,000.00
1831 Penny N-7 Large Letters, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $22,325.00
  • PCGS Price Guide
    Uncirculated: $25,000.00
1831 Penny N-8 Large Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $92.00 – $1,058.00
    Uncirculated: $1,121.00 – $2,760.00
  • eBay
    Circulated: $22.59 – $435.00
  • PCGS Price Guide
    Circulated: $45.00 – $800.00
1831 Penny N-8 Large Letters, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $7,050.00
1831 Penny N-9 Large Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $109.00 – $1,410.00
    Uncirculated: $750.00 – $1,800.00
  • eBay
    Circulated: $760.71
  • PCGS Price Guide
    Circulated: $35.00 – $675.00
    Uncirculated: $750.00 – $2,150.00
1831 Penny N-9 Large Letters, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $6,463.00
1831 Penny N-10 Large Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $173.00 – $1,064.00
    Uncirculated: $480.00
  • eBay
    Circulated: $37.53 – $40.80
  • PCGS Price Guide
    Circulated: $950.00
1831 Penny N-10 Large Letters, RB (Regular Strike)
  • 3rd Party Price
    Circulated: $102.00
    Uncirculated: $2,820.00
1831 Penny N-12 Large Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $105.75 – $3,600.00
    Uncirculated: $780.00 – $3,055.00
  • eBay
    Circulated: $60.00 – $63.00
  • PCGS Price Guide
    Circulated: $35.00 – $675.00
    Uncirculated: $750.00 – $5,000.00
1831 Penny N-14 Large Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $132.00 – $1,440.00
    Uncirculated: $9,400.00
  • PCGS Price Guide
    Circulated: $330.00
    Uncirculated: $3,000.00 – $4,500.00
1831 Penny N-2 Medium Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $60.00 – $1,800.00
    Uncirculated: $2,340.00 – $3,055.00
  • eBay
    Circulated: $152.90
  • PCGS Price Guide
    Circulated: $30.00 – $850.00
    Uncirculated: $950.00 – $7,000.00
1831 Penny N-3 Medium Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $117.50 – $764.00
    Uncirculated: $506.00 – $4,560.00
  • eBay
    Circulated: $80.00 – $109.99
  • PCGS Price Guide
    Circulated: $30.00 – $850.00
    Uncirculated: $950.00 – $4,750.00
1831 Penny N-3 Medium Letters, RB (Regular Strike)
  • 3rd Party Price
    Circulated: $546.00
    Uncirculated: $575.00 – $105,750.00
  • PCGS Price Guide
    Uncirculated: $8,000.00
1831 Penny N-4 Medium Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $144.00 – $4,700.00
    Uncirculated: $776.00
  • eBay
    Circulated: $100.99
  • PCGS Price Guide
    Circulated: $325.00 – $2,500.00
1831 Penny N-5 Medium Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $46.00 – $1,410.00
    Uncirculated: $2,415.00 – $8,813.00
  • PCGS Price Guide
    Circulated: $1,400.00
    Uncirculated: $9,000.00
1831 Penny N-11 Medium Letters, BN (Regular Strike)
  • 3rd Party Price
    Circulated: $167.00 – $822.50
    Uncirculated: $1,440.00 – $2,760.00
  • eBay
    Circulated: $140.00 – $255.00
  • PCGS Price Guide
    Circulated: $30.00 – $800.00
    Uncirculated: $2,000.00 – $2,250.00
1831 Penny N-11 Medium Letters, RB (Regular Strike)
  • 3rd Party Price
    Uncirculated: $5,288.00
1831 Penny, RB (Proof)
  • 3rd Party Price
    Uncirculated: $25,200.00 – $43,125.00
  • PCGS Price Guide
    Uncirculated: $37,500.00
1831 Penny, RD (Proof)
  • 3rd Party Price
    Uncirculated: $25,200.00 – $27,600.00
  • PCGS Price Guide
    Uncirculated: $27,500.00 – $75,000.00
1831 Penny Newcomb 3, BN (Proof)
  • 3rd Party Price
    Uncirculated: $9,000.00 – $17,625.00
  • eBay
    Circulated: $365.00 – $399.20
  • PCGS Price Guide
    Uncirculated: $22,500.00 – $40,000.00
1831 Penny N-6 One Sided Obv, BN (Proof)
  • 3rd Party Price
    Uncirculated: $9,400.00
  • PCGS Price Guide
    Uncirculated: $17,500.00
1831 Penny N-9 One Sided Obv, BN (Proof)
  • 3rd Party Price
    Uncirculated: $14,100.00
  • PCGS Price Guide
    Uncirculated: $22,500.00
1831 Penny N-10 One Sided Obv, BN (Proof)
  • 3rd Party Price
    Uncirculated: $21,150.00 – $42,300.00
  • PCGS Price Guide
    Uncirculated: $22,500.00
1831 Penny N-11 Medium Letters, BN (Proof)
  • 3rd Party Price
    Uncirculated: $23,500.00 – $29,375.00
  • PCGS Price Guide
    Uncirculated: $33,500.00

Design and Specifications of the 1831 Cent

The 1831 Cent, also known as the Coronet Head or Matron Head Cent, was part of the large cent series produced by the United States Mint. This coin represents a transitional period in American coinage, as the country was moving towards more refined and consistent coin production techniques.

The Coronet Head design, introduced in 1816, was an improvement over the previous Classic Head design. It featured a more mature and dignified representation of Liberty, reflecting the growing confidence and stability of the young nation.

Weight 10.89 grams
Diameter 28.5 mm
Mint Marks None (all minted in Philadelphia)
Composition 100% Copper
Obverse Design Coronet Head (Matron Head) design, designed by John Reich
Reverse Design Wreath and 'ONE CENT' inscription, designed by John Reich

Rarity Factors and Value Drivers

Condition plays a crucial role in determining the value of an 1831 Cent. Due to their age and extensive circulation, high-grade examples are scarce and highly sought after by collectors. Coins in uncirculated condition (MS60 and above) are particularly valuable.

Key factors affecting condition include:

Surface preservation: Look for coins with minimal contact marks and scratches.
Strike quality: Well-struck coins with sharp details are more desirable.
Color: Original red or red-brown specimens command a premium over fully brown examples.

Philadelphia, No Mint Mark

Mintage: 3,359,260

Rarity Scale: Uncommon

Circulation Status: Limited Circulation

Preservation Rarity: Rare in grades MS60 and above

Varieties Errors: Large Letters, Medium Letters, and Small Letters varieties

Market Demand: Moderate, with higher demand for high-grade specimens

Variety collecting adds another dimension to the 1831 Cent’s value. The three main varieties (Large Letters, Medium Letters, and Small Letters) can affect pricing, with some being scarcer than others.

Die states and errors can also impact value. Coins with interesting die cracks, cuds, or other minting anomalies may command a premium among specialized collectors.

Lastly, provenance can significantly enhance value. Coins with a documented history of ownership by notable collectors or inclusion in famous collections can be worth substantially more than similar examples without such pedigrees.

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