1931 Melbourne Sovereign PCGS MS62

One of the key dates of the small head series. There are many ways to analyse the relative rarity of a coin. If you’ve been a collector for long enough, you begin to develop a sixth sense about which dates are available and which are rare. The 1931-M sovereign is one of those dates that appears to be a lot scarcer than the catalogues indicate. In my view, it’s harder in Mint State than the famous 1926-P sovereign, which retails for around $3,000 in PCGS MS62. The 1931-M sovereign photographed above also grades MS62 and is priced at only $2,500. This, in my view, is a market anomaly—an anomaly that can potentially be traded on. If you take the view that the 1926-P is fairly valued at $3,000 in MS62, then it is reasonable to conclude that the 1931-M should be worth more than $3,000 once the broader market recognises the 1931-M’s rarity. This is a thesis warranting further research. Professional Coin Grading Service is the global leader in coin authentication and grading. With over 60 million coins graded and counting, PCGS is trusted by collectors, dealers, and investors to certify authenticity, protect value, and elevate market confidence. This is a direct conversion of the 70-point PCGS grade to a 10-point scale, intended to present the grade in a more intuitive format for newer collectors. It is not our personal opinion or an attempt at regrading the coin to a different standard. To understand how the 70-point scale converts to a 10-point scale, [click here](https://drakesterling.com/en/page/the-ten-point-coin-grading-scale). One of the key dates of the small head series. There are many ways to analyse the relative rarity of a coin. If you’ve been a collector for long enough, you begin to develop a sixth sense about which dates are available and which are rare. The 1931-M sovereign is one of those dates that appears to be a lot scarcer than the catalogues indicate. In my view, it’s harder in Mint State than the famous 1926-P sovereign, which retails for around $3,000 in PCGS MS62. The 1931-M sovereign photographed above also grades MS62 and is priced at only $2,500. This, in my view, is a market anomaly—an anomaly that can potentially be traded on. If you take the view that the 1926-P is fairly valued at $3,000 in MS62, then it is reasonable to conclude that the 1931-M should be worth more than $3,000 once the broader market recognises the 1931-M’s rarity. This is a thesis warranting further research.