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British 1931 Penny Value

Coin Values, images, and specs for the 1931 Penny from British.

The British 1931 Penny, designed by Bertram Mackennal, features King George V and Britannia, reflecting Britain’s economic struggles during the Great Depression. As global trade declined, Britain abandoned the gold standard in 1931, shifting to a managed currency system. Though made of bronze (95% copper, with tin and zinc), the coin circulated widely in a period of financial instability, symbolizing Britain’s efforts to maintain stability despite economic turmoil.

Politically, the British 1931 Penny coincided with Ramsay MacDonald’s National Government, which imposed spending cuts to combat rising debt. The classic Britannia reverse design echoed imperial resilience as Britain faced declining global influence. Copper demand fluctuated due to economic downturns, yet the British 1931 Penny remained vital in daily transactions, symbolizing continuity amid economic change.
Obverse of British 1931 Penny Value Reverse: British British 1931 Penny Value

British 1931 Penny Valuations

Very Good Condition
£0.40
Fine Condition
£1.00
Very Fine Condition
£2.10
Extremely Fine Condition
£13.00
About Uncirculated
£31.00
Mint State 60
£42.00
Mint State 63
-
Mint State 64
-
1931 Penny Mintage

George V 1931 Penny coin is a popular coin with 19,843,200 minted. Each year, the George V 1931 Penny mintage numbers vary, making certain years more sought after by collectors and investors due to their limited production.
The value of George V 1931 Penny coins are influenced by their rarity or mintage, condition, and historical significance.

1931 Penny Worth

The value of 1931 Penny depends on its rarity, condition, historical significance, metal content, and demand among collectors. Understanding these factors helps in assessing a coin’s worth accurately.

Coins with unique features or errors can also command higher prices due to their novelty and appeal to collectors.
The value of a British 1931 Penny coin is based on auctions, market trends, and numismatic sources. These figures are a guide only; rarity, condition, and collector demand can affect the actual price.

1931 Penny Coin Composition

The value of a British 1931 Penny coin depends on its composition and the current market prices of the metals used. Coins like the British 1931 Penny made from metals such as copper, nickel, or silver vary in worth based on their metal content and market conditions. While coins made from precious metals like silver may have a higher value due to fluctuations in silver prices, the British 1931 Penny coin made from more stable metals like copper or nickel tends to have a more consistent value. Factors like minting costs and collector demand also influence the value of the British 1931 Penny coin, regardless of its face value.