The 1981-S Type 2 Lincoln Penny is worth anywhere from $2 in average condition to over $10 in gem proof grades — and in perfect PR-70 condition, some examples have sold for $50 or more. If you found one of these coins in an old collection or proof set, you’re in the right place to find out exactly what it’s worth.

—

What Makes the 1981-S Type 2 Penny Special

Not all 1981-S pennies are created equal. The U.S. Mint produced two different varieties of the 1981-S proof Lincoln cent, and the Type 2 is the rarer one. It features a sharper, more distinct “S” mintmark compared to the blurry, filled mintmark found on the Type 1.

This difference might seem small, but it matters a lot to collectors. The Type 2 was introduced later in the year and was struck in smaller numbers, making it harder to find in original proof sets.

If you’re not sure which type you have, a free coin identifier app can help you compare mintmark styles quickly using your phone camera — no magnifying glass required.

—

1981-S Type 2 Lincoln Penny Value by Grade

Proof coins like the 1981-S Type 2 are graded differently from regular circulation coins. They’re evaluated on a PR (Proof) scale from 1 to 70. Most examples pulled from original mint sets grade between PR-65 and PR-69.

Here’s a general breakdown of what the 1981-S Type 2 Lincoln Penny is worth across different proof grades:

For more detailed and up-to-date 1981-S Lincoln Penny price data across certified grades, it’s worth checking a trusted coin pricing database before buying or selling.

—

How to Tell Type 1 from Type 2

The easiest way to identify the 1981-S Type 2 is to look closely at the mintmark under magnification. On Type 1, the “S” appears filled in or mushy — like it wasn’t punched cleanly into the die. On Type 2, the “S” is crisp and well-defined, with clear open curves at the top and bottom.

This change happened because the U.S. Mint switched to a new, improved mintmark punch partway through 1981 production. As a result, Type 2 coins were only included in a portion of the proof sets that year.

If you have the full 1981 proof set, it’s worth taking a closer look. Many collectors who stored these sets away never realized they might have the more valuable Type 2 version sitting right there.

CoinKnow is a great tool for exactly this kind of identification. The app lets you scan your coin and instantly compare mintmark characteristics, helping you figure out which type you’re dealing with without needing to be an expert.

—

Where to Sell or Get Your Coin Appraised

Once you’ve confirmed you have a 1981-S Type 2 Lincoln Penny, you have a few good options. If it’s uncertified (raw), consider sending it to PCGS or NGC for grading — a PR-69 or PR-70 label can significantly boost resale value on platforms like eBay or Heritage Auctions.

For a quick estimate before going that route, check out this helpful 1981 Lincoln Penny value guide with current market pricing to get a realistic idea of what buyers are actually paying today.

Local coin dealers are another option, but be aware they’ll typically offer 30–50% below retail to make a profit margin. Online marketplaces often yield better returns, especially for certified examples.

CoinKnow also gives you a real-time price estimate based on current auction results, so you can walk into any negotiation knowing exactly what your coin is worth — and not leave money on the table.

—

FAQ

Q: Is the 1981-S Type 2 penny rare?
A: It’s rarer than the Type 1, but not extremely rare. It was produced in lower quantities during the latter part of 1981 proof set production. In top grades like PR-69 and PR-70, it becomes significantly scarcer and more desirable to collectors.

Q: Can I find the 1981-S Type 2 in pocket change?
A: No. The 1981-S was only produced as a proof coin at the San Francisco Mint and was only available in official proof sets sold to collectors. You won’t find one in everyday circulation.

Q: How do I know if my 1981-S penny is worth getting graded?
A: If the coin is in pristine condition with no visible hairlines, spots, or damage, professional grading could be worthwhile — especially if it grades PR-68 or higher. Use CoinKnow to get a quick visual assessment before spending money on grading fees.