susan b anthony dollar worth : The humble Susan B. Anthony dollar, often overlooked in change drawers, holds a fascinating secret. While most are worth only face value, a specific variant from 1981 has captured the imagination of collectors and can be exceptionally valuable. This article explores the story behind this coin, how to identify it, and the realistic possibilities of encountering one today.
The Story of the Susan B. Anthony Dollar
Introduced in 1979, the Susan B. Anthony dollar was the United States’ first circulating coin to feature an actual woman—the renowned civil rights leader and suffragist. Its size, however, proved problematic. Being only slightly larger than a quarter, it was frequently mistaken for one, leading to public frustration and poor circulation. Production for public use ended in 1981, though the coin was briefly revived in 1999 for mint sets. Its brief lifespan and unique place in numismatic history create the backdrop for the rarity we discuss.
Susan B. Anthony Dollar (1981-S Type 2) Reference Table
| Feature | Description |
|---|---|
| Coin Series | Susan B. Anthony Dollar |
| Mint Year | 1981 |
| Mint Facility | San Francisco (S) |
| Variety | Type 2 Proof |
| Key Identifier | Sharp, serifed “S” mintmark on the obverse. |
| Intended Purpose | Sold in special proof sets for collectors. |
| Circulation Status | Not intended for circulation, but possible. |
| Typical Value Range | Circulated/worn: Likely face value to a small premium. Graded Proof (PR-65): $1,000 – $2,500. Graded Proof (PR-69/70): $5,000 – $15,000+. |
| Why It’s Sought After | Low mintage variety, distinct mintmark style, and high-grade examples are scarce. |
Understanding the 1981-S Type 2 Proof
The coin with significant collector interest is the 1981-S Type 2 Proof. It was never meant for everyday transactions. Instead, it was struck with special, polished dies on polished planchets at the San Francisco Mint (denoted by the “S” mintmark) and sold in proof sets to collectors. What defines the “Type 2” is a clear, well-defined “S” mintmark with sharper serifs. This contrasts with the more common “Type 1” proof from the same year, which has a blobbier, less distinct mintmark. The difference is subtle but critical to value.
Realistic Valuation Perspective
It is important to approach valuations with clarity. While sensational headlines cite figures near a million dollars, these typically refer to ideal, theoretical auction scenarios for a perfect-grade coin that has never been touched. In practice, professionally graded examples in top condition (like PR-69 or PR-70) have sold for amounts ranging from $5,000 to over $15,000—a substantial sum, but a more grounded expectation for collectors. The extreme value often cited relies on a flawless specimen being discovered outside of a proof set, which is extraordinarily rare.
Could You Find One in Circulation?
The idea of finding a proof coin in your pocket change is thrilling. While improbable, it is not impossible. Proof coins can enter circulation through various means: a collection broken apart and spent by an unknowing heir, a coin taken from a set as a curiosity and later lost, or even a rare bank inventory error. Given that many people still confuse the coin for a quarter, a careful examiner might just spot one. The hunt is part of the fun for many numismatists, who enjoy “coin roll hunting” through bank-wrapped rolls of dollar coins.
How to Identify a 1981-S Susan B. Anthony Dollar
Follow this step-by-step guide to examine your coins:
- Check the Date: The coin must be dated 1981.
- Locate the Mintmark: Look at the obverse (front) of the coin, just above Susan B. Anthony’s shoulder. You are searching for a tiny “S.” No mintmark means it was made in Philadelphia.
- Inspect the “S” Mintmark: This is the crucial step. You will need a magnifying glass or a macro camera lens.
- Type 1 (Common): The “S” appears soft, rounded, and somewhat blob-like, with less definition between the curves of the letter.
- Type 2 (Rare): The “S” is sharp, clear, and has more pronounced serifs (the small lines at the ends of letter strokes). It looks meticulously crafted.
If you believe you have found a 1981-S Type 2 proof, handle it carefully by the edges. Do not clean or polish it, as this will permanently damage its surface and destroy its value. The best course of action is to have it evaluated by a reputable coin dealer or consider submission to a professional grading service like PCGS or NGC for authentication and encapsulation.
FAQ: The 1981-S Susan B. Anthony Dollar
Q: What is the main difference between the Type 1 and Type 2 1981-S proof?
A: The difference lies entirely in the style of the “S” mintmark. The Type 1 has a softer, more rounded and less defined “S.” The Type 2 features a sharply defined “S” with clearer serifs.
Q: Are all 1981 Susan B. Anthony dollars valuable?
A: No. The standard 1981 coins from the Philadelphia (no mintmark) and Denver (D) mints, which were made for circulation, are generally worth only one dollar. The high value is specific to the 1981-S Type 2 proof coin in outstanding condition.
Q: Is it worth getting my coin professionally graded?
A: If you have a 1981-S dollar with a clear, sharp mintmark and it is in flawless condition with no scratches, friction, or fingerprints, professional grading can be a good investment. It authenticates the coin, assigns a grade, and protects it, which significantly enhances its value and marketability.
Q: Where is the best place to look for one of these coins?
A: While checking everyday change is always an option, a more targeted approach is to search through old proof sets or to purchase bank rolls of dollar coins from the Federal Reserve (a hobby known as “coin roll hunting”). You can also find them in estate sales or at coin shows, but always buy from reputable dealers.
Q: Why did they change the mintmark style in 1981?
A: The U.S. Mint periodically updates its punches and dies. The change from the Type 1 to the Type 2 “S” was likely due to the use of a new, sharper mintmark punch partway through the production of the 1981-S proof coins, creating two distinct varieties.
Final Thoughts
The search for the 1981-S Type 2 dollar is a reminder of the stories and history embedded in our everyday currency. It connects us to a specific moment in the Mint’s production and honors an important American figure. Whether you’re a seasoned numismatist or simply curious about the coins in your possession, taking a moment to look closer can be a rewarding experience. The true value lies not just in potential financial gain, but in the appreciation of craftsmanship, history, and the thrill of the hunt.
