1931 Dropped 1 Penny with Indian obverse PCGS XF40

Unlike the legendary 1930 penny, the 1931 dropped 1 Indian die penny doesn’t have the same claim to fame or “brand recognition” as its famous predecessor. This is a pity, as the 1931 dropped 1 Indian die penny is one of the rarest circulation pennies available to collectors. While the 1930 penny appears on the market for sale dozens of times a year, sometimes multiple times in a single auction, the 1931 variety (known as the “dropped 1 Indian” in numismatic shorthand) turns up for sale perhaps once or twice a year, always in circulated grade. Along with the 1922/1 overdate threepence, it’s one of my favourite Commonwealth coin rarities. The example on offer here is better-than-average, with three-quarters of the centre diamond and six clear pearls visible. It is the equal-finest example I’ve handled since 2007 and the equal-third finest example certified by PCGS. If you’re looking for a coin that is rarer than the 1930 penny, but one-third of the price, this is your coin. 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). Unlike the legendary 1930 penny, the 1931 dropped 1 Indian die penny doesn’t have the same claim to fame or “brand recognition” as its famous predecessor. This is a pity, as the 1931 dropped 1 Indian die penny is one of the rarest circulation pennies available to collectors. While the 1930 penny appears on the market for sale dozens of times a year, sometimes multiple times in a single auction, the 1931 variety (known as the “dropped 1 Indian” in numismatic shorthand) turns up for sale perhaps once or twice a year, always in circulated grade. Along with the 1922/1 overdate threepence, it’s one of my favourite Commonwealth coin rarities. The example on offer here is better-than-average, with three-quarters of the centre diamond and six clear pearls visible. It is the equal-finest example I’ve handled since 2007 and the equal-third finest example certified by PCGS. If you’re looking for a coin that is rarer than the 1930 penny, but one-third of the price, this is your coin.