1931 Dropped "1" Penny with Indian obverse

Whilst even non-collectors are aware of the 1930 penny, only the most dedicated collectors are familiar with its rarer younger sibling, the 1931 penny with low “1” struck with the Indian obverse die. The mintage of this Depression-era variety is unknown, but experts estimate that there may only be a few hundred pieces in the market. In contrast to the thousands of known 1930 pennies, the 1931 low “1” Indian die penny remains an overlooked and undervalued rarity. The present example is in collectable grade, and is one of the better examples we’ve handled in recent years. If you consider yourself a knowledgeable collector but don’t yet have a 1931 low “1” Indian die penny in your collection, now is the time.