Have you ever checked your pocket change and wondered if you’re holding a hidden treasure? The 1981 Susan B. Anthony dollar is one such coin that could be worth a fortune—potentially up to $880,000! This small, silver-colored coin might look ordinary, but certain rare versions, especially those with a specific mint mark, are highly valuable to collectors.
we’ll break down everything you need to know about this coin, how to identify the valuable mint mark, and why it’s so special—all in simple, easy-to-understand words. Whether you’re a coin collector or just curious, keep reading to learn how to spot this rare gem!
What Is the Susan B. Anthony Dollar?
The Susan B. Anthony dollar is a U.S. coin minted from 1979 to 1981, with a brief return in 1999. It was the first U.S. coin to feature a real woman, Susan B. Anthony, a key figure in the women’s rights movement. The coin was meant to replace the larger Eisenhower dollar and save money by lasting longer than paper dollar bills. However, people often confused it with a quarter due to its similar size and color, leading to its unpopularity and limited production.
Why Was the Coin Unpopular?
The Susan B. Anthony dollar was introduced with high hopes, but it faced challenges:
- Similar to Quarters: Its size (26.5 mm) and silver-like color made it easy to mistake for a quarter, causing confusion in everyday transactions.
- Limited Use: People preferred paper dollar bills, so the coin didn’t circulate widely.
- Short Production: Due to low demand, the U.S. Mint stopped making these coins for circulation after 1981, except for a small batch in 1999 for vending machines.
Despite its lack of popularity, certain rare versions of this coin are now highly sought after by collectors, especially the 1981 Susan B. Anthony dollar with a special mint mark.
The Rare 1981 Susan B. Anthony Dollar: Why It’s Worth $880,000
The 1981 Susan B. Anthony dollar is valuable because of its low production and specific varieties, particularly the 1981-S Type II Proof coin. Most of these coins were made for collectors, not for general use, which makes them rarer. The Type II Proof, with its distinct mint mark, is the star of the show, with some examples fetching up to $880,000 at auctions due to their scarcity and condition.
What Makes the 1981-S Type II Proof So Special?
The 1981-S Type II Proof coin stands out because of its unique mint mark and high quality. Here’s why it’s so valuable:
- Low Mintage: In 1981, the U.S. Mint produced only 4,063,083 proof coins in San Francisco, and only a small fraction (estimated 500,000–700,000) are Type II.
- Mint Mark Difference: The Type II has a clear, flat “S” mint mark, unlike the more common Type I with a blurry or filled “S.”
- High Grade: Coins in excellent condition (graded MS67 or higher) are extremely rare and command high prices.
- Collector Demand: The coin’s historical significance and rarity make it a must-have for serious collectors.
How to Spot the Valuable Mint Mark
The key to identifying a valuable 1981 Susan B. Anthony dollar lies in the mint mark, located just above Susan B. Anthony’s shoulder on the front (obverse) of the coin. Here’s what to look for:
- Type I Mint Mark: This is the more common version, with a blurry or filled “S” mint mark. These coins are worth $3–$5 in proof condition.
- Type II Mint Mark: The rare version has a clear, flat “S” with well-defined, bulbous serifs (the small lines at the ends of the “S”). These coins can be worth $100 or more, with top-grade examples reaching up to $880,000.
To check the mint mark, you may need a magnifying glass to see the details clearly. The Type II “S” has a sharper outline and a flat top, unlike the rounded or pointed top of the Type I “S.”
Other Valuable Susan B. Anthony Dollars
While the 1981-S Type II Proof is the most famous, other Susan B. Anthony dollars can also be valuable. Here’s a quick look at some key varieties:
| Year | Mint Mark | Variety/Error | Estimated Value |
|---|---|---|---|
| 1979-P | Philadelphia | Wide Rim (Near Date) | $50–$6,000+ |
| 1979-S | San Francisco | Type II Proof | $50–$1,955+ |
| 1981-S | San Francisco | Type II Proof | $100–$880,000 |
| 1999-P | Philadelphia | Struck on Sacagawea Planchet | $7,000–$12,000+ |
| 1979-P | Philadelphia | Struck on Quarter Planchet | $10,000–$20,000+ |
Why Are These Coins Valuable?
- Minting Errors: Coins struck on the wrong planchet (like a quarter or Sacagawea dollar) are extremely rare and highly prized.
- Low Mintage: 1981 coins were mostly made for collectors, not circulation, making them scarcer.
- Condition: Coins in uncirculated or proof condition (graded MS66 or higher) are worth more due to their pristine state.
How to Check If Your Coin Is Valuable
If you think you have a rare 1981 Susan B. Anthony dollar, follow these steps to evaluate it:
- Check the Date and Mint Mark: Look for the “1981” date and the “S” mint mark on the obverse. Use a magnifying glass to examine the “S” for Type II characteristics.
- Assess the Condition: Coins with no wear, scratches, or damage are more valuable. Uncirculated or proof coins fetch higher prices.
- Look for Errors: Check for unusual features, like off-center strikes or coins struck on the wrong metal.
- Get It Graded: Professional grading services like PCGS or NGC can authenticate and grade your coin, which increases its value and appeal to buyers.
- Research Market Value: Check recent auction prices or consult a coin dealer to understand the current market for your coin.
Where to Find These Coins
You might find Susan B. Anthony dollars in:
- Pocket Change: Some are still in circulation, especially from vending machines or old coin collections.
- Coin Rolls: Bank rolls or estate sales sometimes contain uncirculated coins.
- Proof Sets: The 1981-S Type II Proof is often found in U.S. Mint proof sets from that year.
- Coin Shows or Dealers: Specialty coin shops or online marketplaces like eBay or Heritage Auctions are great places to find rare varieties.
Tips for Selling Your Rare Coin
If you have a valuable 1981 Susan B. Anthony dollar, here’s how to sell it for the best price:
- Get It Certified: Have your coin graded by a reputable service like PCGS or NGC to confirm its authenticity and condition.
- Choose the Right Platform: Sell through auction houses, coin dealers, or trusted online marketplaces specializing in coins.
- Know the Market: Research recent sales of similar coins to set a realistic price.
- Present It Well: Organize your coin in a protective holder and provide clear photos and details when selling.
Why Collectors Love Susan B. Anthony Dollars
Despite their initial failure, Susan B. Anthony dollars have gained a following among collectors. They represent a unique moment in U.S. history as the first circulating coin to honor a real woman. The short production run (1979–1981, 1999) and the variety of errors and mint marks make them an exciting challenge for collectors. Plus, the potential for finding a high-value coin like the 1981-S Type II Proof adds thrill to the hunt.
FAQ: Common Questions About the 1981 Susan B. Anthony Dollar
What makes the 1981 Susan B. Anthony dollar so valuable?
The 1981-S Type II Proof is valuable due to its low mintage, clear “S” mint mark, and high-grade condition. Some have sold for up to $880,000 at auction.
How do I know if I have a Type II Proof coin?
Look for a clear, flat “S” mint mark with bulbous serifs above Susan B. Anthony’s shoulder. Compare it to a Type I (blurry “S”) using a magnifying glass.
Where can I sell my rare Susan B. Anthony dollar?
Sell through reputable coin dealers, auction houses, or online platforms like eBay or Heritage Auctions. Certification from PCGS or NGC can increase its value.
Are all 1981 Susan B. Anthony dollars valuable?
No, most are worth only $1–$5. Only the 1981-S Type II Proof in high grades or coins with errors are worth significantly more.
Can I still find these coins in circulation?
Yes, some Susan B. Anthony dollars are still found in change, especially from vending machines or old collections, but the rare Type II Proof is typically in collector sets.
Conclusion
The 1981 Susan B. Anthony dollar may seem like an ordinary coin, but its rare Type II Proof version with the clear “S” mint mark could be worth up to $880,000. By learning how to spot this valuable mint mark and understanding the coin’s history, you can turn pocket change into a potential fortune. Whether you’re a seasoned collector or just starting out, checking your coins for this rare variety is an exciting treasure hunt. So, grab a magnifying glass, inspect your 1981 Susan B. Anthony dollars, and who knows—you might just find a coin worth more than you ever imagined!