Nemo
In a remarkable turn of events, a seemingly ordinary jewelry box stored away for decades has revealed a numismatic gem: a 1955 Doubled Die Lincoln Cent.
This rare coin, known for its distinctive minting error, has fetched over $100,000 at auction, captivating collectors and enthusiasts alike.
What Makes the 1955 Doubled Die Penny So Special?
The 1955 Doubled Die Penny is one of the most famous error coins in U.S. history.
During the minting process at the Philadelphia Mint, a misalignment occurred between the die and the hub, resulting in a noticeable doubling of the obverse inscriptions:
- IN GOD WE TRUST
- LIBERTY
- 1955
This error is easily visible to the naked eye, making it a standout piece among collectors.
Key Details of the 1955 Doubled Die Penny
| Feature | Description |
|---|---|
| Mint Location | Philadelphia (no mint mark) |
| Mintage Estimate | Approximately 20,000–24,000 coins |
| Surviving Specimens | Estimated 10,000–15,000 in various conditions |
| Highest Auction Price | $114,000 for a PCGS MS65+ RD example |
| Common Discovery Sites | Found in cigarette packs as change in the Northeast U.S. |
Current Market Value
The value of a 1955 Doubled Die Penny varies based on its condition:
- Circulated Condition: Approximately $1,000–$2,000
- About Uncirculated (AU50): Around $2,300
- Mint State (MS63BN): Approximately $4,000
- Mint State (MS64RB): Around $9,000
- Mint State (MS65RD): Up to $60,000
- Record Sale: $114,000 for a PCGS MS65+ RD specimen
How to Identify a Genuine 1955 Doubled Die Penny
To verify the authenticity of a 1955 Doubled Die Penny:
- Obvious Doubling: Check for clear doubling on the obverse inscriptions.
- Die Markers: Look for vertical die polishing lines to the left of the “T” in “ONE CENT” on the reverse.
- Certification: Seek coins certified by reputable grading services like PCGS or NGC to avoid counterfeits.
The discovery of a 1955 Doubled Die Penny in a forgotten jewelry box serves as a thrilling reminder of the hidden treasures that may lie in everyday places.
With its unique error and historical significance, this coin remains a coveted piece for collectors, embodying the allure and excitement of numismatics.
FAQs
How did the 1955 Doubled Die error occur?
A misalignment during the hubbing process at the Philadelphia Mint caused the die to receive a second, offset impression, leading to the doubled design on the obverse.
Are there counterfeit versions of this coin?
Yes, due to its value, many counterfeits exist. It’s crucial to have the coin authenticated by a professional grading service.
Can I still find a 1955 Doubled Die Penny in circulation?
While rare, it’s possible. Some have been discovered in old coin collections or even in circulation, though such finds are exceedingly uncommon today.