From a mintage of 46,220,000, circulated 1920-S cents run $1–$6, XF examples about $17, AU around $46, and uncirculated pieces $138–$210 (USA Coin Book). Then the curve goes vertical: the 1920-S is typically weakly struck, and PCGS estimates only about 40 survivors in MS65+ full red — the fourth-rarest wheat cent in gem red, with an auction record of $48,875.
That makes this a classic sleeper: cheap as a filler, a monster in top grade.
Shop our wheat penny collection or see where every date ranks in our wheat penny value guide.
good quality
excellent
GREAT