The value of a 1980 S Lincoln penny depends on its condition and variety. In general, a 1980 S Lincoln penny in circulated condition is worth between 1 and 5 cents. However, a 1980 S Lincoln penny in uncirculated condition can be worth significantly more, especially if it is a certified variety. For example, the 1980 S Lincoln penny with a doubled die obverse variety is worth around $50 in uncirculated condition.