Could a coin in your change jar be worth nearly a million dollars? It might sound like a collector’s fantasy, but a rare 1981 Susan B. Anthony dollar — valued as high as $880,000 — may still be out there in everyday circulation. Here’s everything you need to know to identify this rare gem and potentially cash in big.
Why the 1981 Susan B. Anthony Dollar Matters
The Susan B. Anthony dollar was introduced in 1979 as a smaller, more modern replacement for the Eisenhower dollar. However, its similar size and appearance to the quarter led to confusion, and the coin never gained widespread popularity. Production was halted after 1981, with a short-lived revival in 1999.
Most Susan B. Anthony dollars are only worth their face value. But some rare versions — especially from 1981 — are highly sought after by collectors and can command sky-high prices.
The 1981-S Type 2: The Coin That Could Be Worth $880,000
The most valuable Susan B. Anthony dollar is the 1981-S Type 2 proof. This coin was never intended for circulation. It was included in special proof sets sold to collectors and produced at the San Francisco Mint, indicated by the “S” mintmark.
What sets the Type 2 apart is its distinct mintmark style. While the more common Type 1 features a blobby or indistinct “S,” the Type 2 boasts a sharper, more defined “S” — often described as having a serif-like style.
Why It’s Worth So Much
Only a limited number of these coins were produced, and even fewer exist in pristine, uncirculated condition. When professionally graded by services like PCGS or NGC, top-quality examples have sold for over $10,000.
However, rumors persist in the numismatic community that a handful of these proof coins somehow entered general circulation. If one of these were found in excellent condition today, it could sell for up to $880,000 at auction.
How to Identify a 1981-S Type 2 Susan B. Anthony Dollar
If you’re curious whether you have one of these rare coins, follow these steps:
- Check the date: The coin must be from 1981.
- Look for the mintmark: An “S” mintmark appears just above Susan B. Anthony’s shoulder on the obverse (front) of the coin.
- Examine the “S” closely: Use a magnifying glass to compare the shape. A Type 2 “S” will be clean, sharp, and more elegant, unlike the fatter and more rounded Type 1.
Think you’ve got a match? Avoid cleaning the coin — doing so could ruin its value. Instead, get it authenticated by a trusted coin dealer or submit it to a certified grading service.
Could This Coin Still Be in Circulation?
It might seem unlikely, but it’s entirely possible. Over the years, proof coins have entered everyday circulation through estate sales, coin roll hunts, bank mix-ups, or sheer oversight.
Many valuable coins go unnoticed because of their ordinary appearance — especially since the Susan B. Anthony dollar is frequently mistaken for a quarter. That’s why coin collectors encourage everyone to take a closer look at their spare change.
Final Thoughts: Don’t Overlook Your Spare Change
Finding a 1981-S Type 2 Susan B. Anthony dollar in circulation is rare, but not impossible. And with potential values reaching up to $880,000, it’s well worth a quick inspection of your old coin jars and wallets.
Whether you’re a seasoned collector or a curious beginner, this is a powerful reminder that numismatic treasures can hide in plain sight. Keep an eye out — your next dollar coin might just change your life.
FAQ: Rare 1981 Susan B. Anthony Dollar Coin
Why is the 1981-S Type 2 Susan B. Anthony dollar worth up to $880,000?
This rare proof coin features a unique, refined “S” mintmark and was never intended for circulation. In pristine condition, it can command extremely high auction prices due to its scarcity and collector demand.
How can I identify a Type 2 mintmark?
The Type 2 mintmark is more defined and sharper, resembling a serif-style “S,” compared to the blob-like Type 1. It appears just above Susan B. Anthony’s shoulder on the coin.
Is it really possible to find one in circulation?
Yes, although very rare. Some proof coins have accidentally entered general use, making it worth checking your change carefully.