The 1980-S Lincoln Cent Proof is a special version of the Lincoln Memorial Cent, produced by the United States Mint at the San Francisco facility. It was created specifically for inclusion in the 1980 United States Proof Set.
1980 United States Proof Set Overview
The 1980 Proof Set features six coins, including the ill-fated Susan B. Anthony Dollar. With a face value of $1.91, the set was initially priced at $10, equivalent to approximately $46.22 in 2024 inflation-adjusted dollars. Despite the novelty of the Susan B. Anthony Dollar, the set has historically been a poor performer for collectors, now typically selling for less than $8. Individually, the 1980-S Lincoln Cent Proof, when unimpaired, might fetch around $2 to $3.
Value and Grading Challenges
Modern coins, including the 1980-S Lincoln Cent Proof, derive their value from various factors. When sold within its original packaging, its value is tied to the overall set. As a certified coin, its value depends on its grade. Being made of copper, the coin is susceptible to surface changes, such as copper spotting, hazing, and color fading, which reduce its appeal and grade potential.
Proof 69 coins are generally valued under $10—less than the cost of professional grading. Proof 70 coins, however, are considered profitable for grading submissions. With over 3.5 million sets produced, the coin’s availability ensures its population in top grades will continue to grow. This growth, however, may lead to further declines in value. Currently, the highest grades trade around $500-$600, though earlier sales saw prices exceeding $2,000.
Population Growth and Market Trends
When PCGS (Professional Coin Grading Service) first graded the 1980-S Lincoln Cent Proof, it noted a small population of PR70DCAM examples, including 13 coins from a single submission. Over time, this number has grown significantly. By 2024, the PCGS population for perfect Proof 70 coins reached 75, while NGC (Numismatic Guaranty Corporation) reported 13 coins graded as PF70UCAM. If this trend continues, the population could surpass 100 by 2026, potentially driving prices further down.
Design Details
Obverse
The obverse, designed by Victor David Brenner, retains its classic depiction of Abraham Lincoln from 1909. However, Brenner’s initials, “V.D.B.,” appear below Lincoln’s bust, a change implemented in 1918. The 1980 date is positioned to the right of Lincoln, with the San Francisco Mint’s “S” mintmark below it. The obverse also features the inscriptions “IN GOD WE TRUST” above Lincoln and “LIBERTY” behind him.
Reverse
The reverse, introduced in 1959 and designed by Frank Gasparro, showcases the Lincoln Memorial. Gasparro’s initials, “FG,” are located on the lower-right corner of the Memorial. The denomination, “ONE CENT,” is inscribed below, while “UNITED STATES OF AMERICA” curves along the top rim. The motto “E PLURIBUS UNUM” appears between the Memorial and the top legend.
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Edge
The edge of the 1980-S Lincoln Cent Proof is plain.
Historical Significance
The 1980-S Lincoln Cent Proof highlights the artistry of its designers. Victor David Brenner’s design has graced the cent since 1909, while Frank Gasparro’s Lincoln Memorial reverse symbolized national unity until its replacement in 2008.
Specifications
- Country: United States
- Year: 1980
- Denomination: One Cent
- Mintmark: S (San Francisco)
- Mintage: 3,554,806
- Composition: 95% Copper, 5% Zinc
- Weight: 3.11 grams
- Diameter: 19.05 mm
- Edge: Plain
- Obverse Designer: Victor David Brenner
- Reverse Designer: Frank Gasparro
- Strike Type: Proof
Market Highlights
Key sales of 1980-S Lincoln Cent Proof coins in PR70DCAM condition have shown significant price fluctuations. For example, a coin from an early batch fetched $3,680 in 2003 but sold for just $873 in 2024. This price drop reflects increased population numbers and changing market demand.
In summary, while the 1980-S Lincoln Cent Proof remains a collector’s item, its market performance and value depend heavily on its condition, certification, and population trends.