A rare 1955 Doubled Die Lincoln Cent, discovered in a school coin jar, has fetched $70,000 at auction, highlighting the enduring allure of numismatic treasures.
The 1955 Doubled Die Penny: A Numismatic Marvel
The 1955 Doubled Die Lincoln Cent stands as one of the most iconic error coins in U.S. history.
This minting anomaly occurred when the coin’s obverse die received a misaligned second impression, resulting in prominent doubling of inscriptions like “LIBERTY,” “IN GOD WE TRUST,” and the date “1955.”
Approximately 20,000 to 24,000 of these error coins were released into circulation, often found in everyday transactions, including cigarette vending machines.
Valuation Guide: 1955 Doubled Die Penny
The value of a 1955 Doubled Die Penny varies based on its condition and coloration. Here’s a breakdown:
| Grade | Color Designation | Estimated Value Range |
|---|---|---|
| Extra Fine (XF) | Brown (BN) | $1,000 – $2,000 |
| About Uncirculated (AU) | Red-Brown (RB) | $2,000 – $5,000 |
| Mint State 63 (MS63) | Red (RD) | $5,000 – $15,000 |
| Mint State 65+ (MS65+) | Red (RD) | Up to $72,500 |
Notably, a specimen graded MS65+ RD achieved a record sale of $114,000 in 2018.
Identifying a Genuine 1955 Doubled Die Penny
To ascertain the authenticity of a 1955 Doubled Die Penny, consider the following characteristics:
- Pronounced Doubling: Visible doubling on the obverse inscriptions and date.
- No Mint Mark: All genuine specimens were minted in Philadelphia and lack a mint mark.
- Weight: Approximately 3.11 grams.
- Surface Color: Ranges from brown to red; red specimens are more valuable.
Due to the prevalence of counterfeits, it’s advisable to have the coin authenticated by reputable grading services like PCGS or NGC.
The School Coin Jar Discovery
In a remarkable turn of events, a 1955 Doubled Die Penny was recently unearthed from a school coin jar. Initially overlooked, this coin was later identified by a numismatics enthusiast and subsequently sold at auction for $70,000.
This discovery underscores the potential value hidden in everyday places and the importance of vigilance among collectors and the general public alike.
The Enduring Legacy of the 1955 Doubled Die Penny
Seventy years since its accidental creation, the 1955 Doubled Die Lincoln Cent continues to captivate collectors and enthusiasts.
Its dramatic doubling and historical significance make it a coveted piece in the numismatic community. The recent high-profile sale serves as a testament to its enduring appeal and the potential for valuable finds in unexpected places.
The 1955 Doubled Die Lincoln Cent remains a pinnacle of numismatic intrigue, blending historical mishap with collector fervor.
Its recent discovery in a school coin jar and subsequent $70,000 sale exemplify the hidden treasures that may lie in ordinary places.
For collectors and casual enthusiasts alike, this coin serves as a reminder of the rich stories and values embedded in our currency.
FAQs
How can I determine if my 1955 penny is the Doubled Die variety?
Look for clear doubling on the obverse inscriptions and date. The absence of a mint mark and a weight of approximately 3.11 grams are also indicative. For confirmation, consult a professional grading service.
What factors influence the value of a 1955 Doubled Die Penny?
The coin’s condition (grade), color designation (brown, red-brown, red), and overall eye appeal significantly impact its value.
Where can I sell a 1955 Doubled Die Penny?
Reputable avenues include coin dealers, auction houses, and online platforms specializing in numismatics. Ensure the coin is authenticated and graded to maximize its market value.