The 1981-S Type 2 Lincoln Penny is worth anywhere from $5 in standard proof condition to over $3,500 for perfect Deep Cameo specimens. While most pennies in your pocket change are worth only face value, this specific “Clear S” mint mark variety is a prized find for collectors and everyday treasure hunters alike.

Condition/Grade	Estimated Value (USD)
PR 65 Deep Cameo	$15 – $25
PR 68 Deep Cameo	$40 – $60
PR 69 Deep Cameo	$150 – $250
PR 70 Deep Cameo (Perfect)	$3,000+

Understanding the History of the 1981-S Type 2 Lincoln Penny

In 1981, the United States Mint in San Francisco was going through a transition regarding the punches used for the “S” mint mark. During the middle of the production year, officials noticed that the mint mark punch was becoming worn and blurry.

To rectify this, a new, clearer punch was introduced. This created two distinct varieties: the Type 1 (Filled S) and the Type 2 (Clear S). If you are looking to identify your find quickly, using a top coin identifier app can help you distinguish between these subtle mint mark differences.

The Type 2 variety is significantly scarcer than the Type 1, making it the “big catch” for those searching through old proof sets. Because these were only issued in official Proof Sets and not for general circulation, they usually remain in excellent condition.

However, finding one with a perfect surface is the real challenge. Many collectors use the CoinKnow app to track auction trends and see how the market value of these pristine pennies fluctuates over time.

How to Identify the Type 2 Clear S Mint Mark

Distinguishing a Type 1 from a Type 2 requires a magnifying glass or a jewelry loupe. On the Type 1 “Filled S,” the mint mark looks like a blob with the loops of the ‘S’ almost entirely filled in. It is often described as “mushy” or indistinct.

The Type 2 “Clear S” is much more defined. The ends of the ‘S’ have bulbous, round serifs, and the center parts of the loops are open and clearly visible. It looks like a sharp, deliberate letter ‘S’ rather than an ink blot.

Experienced collectors often compare their coins against high-resolution photos. When evaluating your coin, knowing the current 1981 Lincoln Penny auction prices for Red Gem specimens is vital, as even small differences in clarity can result in a price jump of hundreds of dollars.

Feature	Type 1 (Filled S)	Type 2 (Clear S)
Mint Mark Appearance	Mushy, filled loops	Sharp, clear loops
Serifs (Ends of S)	Flat or blurred	Rounded and distinct
Rarity	Common	Scarce

The Grading Scale and Its Impact on Price

Proof coins like the 1981-S are graded on a scale from 1 to 70. Since these were never meant to be spent at a grocery store, most survive in “Proof-65” condition or higher. However, in the world of coin collecting, the jump from a 69 to a 70 is the difference between a few dollars and a few thousand dollars.

A PR69 (Proof 69) coin is nearly perfect but might have a microscopic hairline scratch visible only under high magnification. A PR70 is a “flawless” coin. Because only a few hundred have been certified as PR70 Deep Cameo, they are incredibly sought after.

If you suspect you have a high-grade specimen, the 1981 penny value details suggest that professional grading is the only way to lock in that top-tier price. You can use CoinKnow to find reputable grading services and compare your coin’s luster to known masterpieces.

Why the “Deep Cameo” Designation Matters

You will often see the letters “DCAM” or “Deep Cameo” next to the grade of a 1981-S penny. This refers to the visual contrast on the coin. On a Deep Cameo coin, the portrait of Abraham Lincoln and the Lincoln Memorial on the back have a frosted, matte finish.

Meanwhile, the background (the fields) of the coin is highly polished and mirror-like. This “black and white” contrast is highly desirable. If your penny looks like a mirror and the portrait looks like it’s made of snow, you have a Deep Cameo.

Standard proof coins that lack this heavy frost are worth significantly less. Collectors pay a premium for that “pop” Factor. When searching through your collection, look for that distinct frost, as it is a major value driver for the Type 2 variety.

Market Category	Price Range
Raw (Uncertified) Type 2	$5 – $12
Certified PR69 DCAM	$150 – $280
Auction Record (PR70)	$3,500+

Rare 1981-S Error Pennies to Watch For

Beyond the Type 2 mint mark, some 1981-S pennies feature mint errors that can drive the value even higher. While rare in proof sets, errors like “Double Dies” or “Off-Center strikes” do occur.

A Double Die Obverse (DDO) would show clear doubling on the date “1981” or the words “In God We Trust.” Even though the 1981-S isn’t famous for a major DDO like the 1955 or 1972 pennies, minor doubling can still attract specialized collectors.

If you find a coin that looks “weird” or has extra lines on the letters, don’t clean it! Cleaning a coin destroys its numismatic value instantly. Instead, take a clear photo and use CoinKnow to identify if it’s a recognized error or just a damaged coin.

Where to Sell Your 1981-S Type 2 Lincoln Penny

If you have confirmed your penny is a Type 2, the next step is deciding where to sell. For coins worth $5 to $20, platforms like eBay or local coin shops are your best bet. Because of shipping costs, it’s often better to sell a group of coins together.

For high-grade coins (PR69 or PR70), major auction houses like Heritage Auctions or GreatCollections are the preferred choice. These venues attract high-end collectors who are willing to pay thousands for a “Top Pop” (highest population) coin.

Before selling, always check the most recent “Sold” listings rather than “Asking” prices. This gives you a realistic expectation of what a buyer will actually pay in today’s market. Keeping a digital inventory in an app can help you track these prices over months or years.

FAQ

Q: How can I tell the difference between 1981-S Type 1 and Type 2 without a microscope?

A: It is difficult without magnification, but look at the “S.” In Type 1, the top and bottom loops of the S are squeezed shut. In Type 2, the loops are open, and you can see the field of the coin through the center of the letter.

Q: Is the 1981-P or 1981-D penny worth anything?

A: Generally, no. Most 1981 pennies from Philadelphia (no mint mark) or Denver (D) are worth only one cent if they are worn. Only those in “Mint State 67” or higher condition are worth a premium.

Q: Can I find a 1981-S Type 2 in my pocket change?

A: It is very unlikely. These were only sold in plastic-sealed Proof Sets from the Mint. While someone could have broken a set open and spent the penny, the “S” mint mark is almost never found in circulation today.

Q: What is the most ever paid for a 1981-S Type 2 Penny?

A: The record for a 1981-S Lincoln Penny, Type 2, graded PCGS PR70DCAM, is over $3,500 at auction. These perfect specimens are incredibly rare.

Q: Should I get my 1981-S Type 2 graded?

A: Only if it appears to be physically perfect. Since the cost of grading is around $30-$50 including shipping, it only makes sense to grade a coin if its potential value is over $100 (which requires a grade of PR69 or better).