Susan B. Anthony: The story of one coin selling for nearly a million dollars has fascinated both coin collectors and the general public. The 1981 Susan B. Anthony dollar is the center of this fascination, especially because it is believed that a rare version of it may still be in circulation. To understand what makes this coin so valuable, it’s important to look at its history, rarity, and the unique markings that make it so special.
1981 Susan B. Anthony Dollar Overview
| Feature | Common 1981 SBA Dollar | Rare $880,000 Version |
|---|---|---|
| Mint Release | Mostly for collectors | Same, but with rare error |
| Circulation Frequency | Very low | Extremely rare |
| Value | $1 face value | Up to $880,000 |
| Key Identifier | Standard mint marks | Error mint mark, double strike, or misalignment |
| Best Way to Find | Bank rolls, estate sales | Same, but requires expert verification |
History of the Susan B. Anthony Dollar
The Susan B. Anthony dollar was introduced into circulation in 1979 to replace the larger Eisenhower dollar. The goal of the U.S. Mint was to create a dollar coin that was smaller and more convenient to carry, but this plan was not entirely successful. The coin’s size and color were very similar to the quarter, causing confusion in everyday transactions. As a result, public demand waned and by 1981, its production was limited to collectors rather than general circulation.
Why the 1981 Dollar Is Special
Although millions of Susan B. Anthony dollars were minted from 1979 to 1981, the 1981 version stands out. Unlike earlier versions, most 1981 coins never made it to cash registers—they were sold to collectors at the mints. It is rare today due to its lack of circulation, and if the coin is defective, its value can skyrocket.
The Mark That Makes It Worth $880,000
Not every 1981 Susan B. Anthony dollar is valuable. Highly valuable coins are identified by a rare mint error or special mark. Examples include misaligned dies, double marks, or unusual mint mark locations. These details are often so small that magnification is needed to identify them, but when certified, they can make the coin worth millions of dollars.
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Can you still find it in circulation?
Technically, yes—but the chances are low. Because the 1981 coin was issued primarily for collectors, it’s rare to see it in everyday transactions. However, coins do occasionally find their way out of collections or estates into general circulation. People who regularly search banks for coin rolls or carefully check their change have the best chance of finding such a treasure.
Tips for Identifying Rare Editions
- If you find a 1981 Susan B. Anthony dollar, check the following:
- The mint mark (usually “P”, “D”, or “S”) for unusual condition or style.
- Check the coin’s quality, doubling, or misalignment.
- Its condition – Uncirculated coins are far more valuable.
A professional coin grading service can confirm authenticity and assign an official grade, which significantly affects value.
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Frequently Asked Questions ($880,000 1981 Susan B. Anthony Dollar)
Question 1: Are all 1981 Susan B. Anthony Dollars valuable?
No, most dollars are only worth face value, unless they have a rare mint error or are in brand new, uncirculated condition.
Question 2: Where can I sell a valuable 1981 SBA Dollar?
You can sell through major coin auction houses, certified coin dealers, or online platforms that specialize in rare coins—but always make sure it’s graded by a reputable service first.
Question 3: How can I tell if my coin has a rare error?
Look closely for double detailing, odd positions of the mint mark, or obvious imperfections. A professional grading service is the most reliable way to confirm this.
Question 4: Why did the U.S. Mint stop making coins after 1981?
It was discontinued due to public dislike of the coin’s shape and confusion with the quarter, but was briefly reintroduced in 1999.
Question 5: Can I find this coin in my change today?
It’s possible, but very unlikely—although some lucky people have found rare coins in circulation before.