The 1931 is available with both a matte and brilliant finish. While the matte finish is slightly scarcer, the brilliant finish tends to sell higher due to a more attractive appearance. The matte finish appears to be the only type to turn up in MS65 or higher with the brilliant finish piece usually being softly struck up.
The matte finish 1931-P
The brilliant finish 1931-P
Short of the 1931 Perth matte finish, the entire series is plagued by soft, undetailed strikes which limits typical mint state grades to MS64 with the series scarcely appearing in better grades. Type set collectors will be challenged if seeking the series in higher mint state grades.
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