1931 Dropped "1" Penny with Indian obverse PCGS VF35
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. 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).