Imagine finding a coin in your pocket worth $880,000. That’s what has numismatic enthusiasts buzzing about the elusive 1981‑S Type 2 proof Susan B. Anthony dollar.
Though primarily produced for collectors, there’s speculation that a few slipped into circulation—and one could be hiding in plain sight. Here’s how to identify this ultra‑rare treasure and why it matters.
What Makes the 1981‑S Type 2 So Valuable?
- Proof-only coin: Struck in 1981 at the San Francisco Mint (“S”), this coin was never intended for general circulation .
- Distinct mintmark: It features a sharp, serif-style “S” (Type 2), unlike the common, rounded “blobby” mint mark on Type 1 coins.
- Scarcity: With only about 3.5 million Susan B. Anthony dollars struck at San Francisco—and proof specimens even fewer—its existence is rare.
- Condition: These coins command top dollar only when in pristine, graded proof condition; any wear or cleaning dramatically reduces value.
1981 Susan B. Anthony Dollar – Key Details
| Feature | Details |
|---|---|
| Year | 1981 |
| Mint | San Francisco (“S” mintmark) |
| Type | Type 2 (sharp serif “S”) |
| Finish | Proof (mirror-like surfaces) |
| Mintage (S Mint) | ~3,492,000 total – proof subset much smaller |
| Composition | 75% copper, 25% nickel, clad to pure copper core |
| Diameter / Weight | 26.5 mm, 8.1 g |
| Estimated value | Up to $880,000 if pristine and Type 2; typical proof values $50–100 |
| Circulation chance | Rare — proof coins occasionally slip into cash circulation |
How to Identify It
- Check the date: Must read 1981 on the obverse.
- Locate the mintmark: Look just above Anthony’s shoulder for an “S”.
- Inspect the “S” shape: Use a magnifier—if it’s crisp with a serif (Type 2), that’s the one to watch.
- Verify proof quality: Mirror-like finish on both obverse and reverse indicates proof.
- Do not clean: Cleaning destroys collector value. Have it graded by PCGS or NGC for authentication.
Why Could One Still Be in Circulation?
- Mistakes & oversights: Estate sales, coin roll searches, and bank errors have allowed rare proofs into general use.
- Unnoticed value: Many people mistake these coins for quarters due to similar size, so they remain hidden.
- Collector anecdote: Rumors persist of Type 2 proof coins discovered in spare-change jars with astounding valuations.
The 1981‑S Type 2 proof Susan B. Anthony dollar is a numismatic legend—its rarity and mintmark make it a potential $880,000 jackpot for the lucky finder.
Even though most live quietly in collector sets, the occasional slip into circulation has the coin-hunting world on high alert. If you own or find a 1981 SBA dollar, check carefully—it may be worth far more than you think.
FAQs
What exactly distinguishes a Type 2 mintmark?
The Type 2 “S” mintmark is crisp, defined, and serifed. Type 1 mintmarks are fatter, blob-like, and lack clarity .
Can any 1981 Susan B. Anthony dollar be worth $880,000?
No. Only a pristine proof coin with a Type 2 “S” mintmark might reach six-figure valuations. Circulation or cleaned specimens are worth far less, often just face value to a few dozen dollar.
How do I get the coin officially authenticated?
Avoid cleaning. Submit it to reputable grading services like PCGS or NGC. They’ll verify the mintmark, proof status, and conservation grade, unlocking its true market value.