The 1931-S Buffalo Nickel was struck at the San Francisco Mint with a recorded mintage of 1,200,000 coins — the 2nd-lowest of the 64 circulation-strike issues in the buffalo nickel series.
The Depression-year issue - 1,200,000 struck and, unlike the 1926-S, hoarded from the start, which is why a low mintage did not become a high-grade rarity.
A full collector's note for this issue — survival, strike character, and what to check before buying — is on the writing schedule; the figures above are the permanent record.
| Issue | Mint | Mintage |
|---|---|---|
| 1931-S Buffalo Nickel | San Francisco | 1,200,000 |
Mintage figures: United States Mint (Annual Report of the Director of the Mint), Royal Canadian Mint records, and — for the 1935 banknote issue — Bank of Canada printage records as published in the Charlton Standard Catalogue of Canadian Government Paper Money, cross-checked across independent published references. Specifications: United States Mint coin specifications.