The 1955 Doubled Die Lincoln Penny stands as one of the most iconic and valuable error coins in American numismatics.
This rare minting mistake has captivated collectors for decades, with some specimens fetching over $100,000 at auctions.
In this article, we delve into the fascinating history, characteristics, and value of this extraordinary coin.
The Minting Error That Started It All
In 1955, during a night shift at the Philadelphia Mint, a misalignment occurred between the coin die and the hub during the minting process.
This resulted in a dramatic doubling of the obverse design, particularly noticeable on the inscriptions “LIBERTY,” “IN GOD WE TRUST,” and the date “1955.” Approximately 20,000 to 24,000 of these error coins were produced before the mistake was detected.
Rather than melting down millions of pennies to retrieve the flawed ones, the Mint allowed them to circulate .
Distribution and Discovery
Many of these error pennies entered circulation through cigarette vending machines. At the time, a pack of cigarettes cost 23 cents, but vending machines only accepted quarters.
To provide change, two pennies were included inside the cigarette packs. This unconventional distribution method led to the discovery of numerous 1955 Doubled Die Lincoln Pennies by unsuspecting consumers .
Characteristics of the 1955 Doubled Die Penny
- Obverse Doubling: The most prominent feature is the clear doubling of the inscriptions on the obverse side.
- Reverse Side: The reverse remains unaffected, displaying the standard wheat design.
- Metal Composition: 95% copper and 5% tin and zinc.
- Weight and Diameter: Weighs 3.11 grams with a diameter of 19.00 millimeters.
Value and Auction Records
The value of a 1955 Doubled Die Lincoln Penny varies based on its condition and color designation:
| Grade & Color | Estimated Value Range |
|---|---|
| Circulated (VG to XF) | $700 – $1,200 |
| Uncirculated (MS60 – MS63) | $1,500 – $3,000 |
| Higher MS Grades (MS64 – MS65) | $4,000 – $8,000+ |
| MS65 Red-Brown (RB) | $10,000 – $20,000+ |
| MS65 Red (RD) | Up to $90,000 |
| Auction Record | $114,000 (MS65+RD, 2018) |
These values highlight the coin’s desirability among collectors and investors alike .
Authentication and Counterfeits
Due to its high value, the 1955 Doubled Die Lincoln Penny has been the target of counterfeiters. One common fake is the “Poor Man’s Doubled Die,” which exhibits minor doubling due to die deterioration rather than a true doubled die error.
Collectors are advised to seek professional grading and authentication to ensure the coin’s legitimacy .
The 1955 Doubled Die Lincoln Penny is more than just a minting error; it’s a piece of American history that has transformed ordinary individuals into millionaires. Its unique characteristics, coupled with its rarity, make it a coveted item in the world of coin collecting.
Whether you’re a seasoned numismatist or a casual collector, discovering one of these pennies could be a life-changing event.
FAQs
How can I identify a genuine 1955 Doubled Die Lincoln Penny?
A genuine coin will exhibit clear doubling on the obverse inscriptions, especially “LIBERTY,” “IN GOD WE TRUST,” and the date “1955.” The reverse side should show no doubling. For confirmation, it’s best to consult a professional grading service.
What is the “Poor Man’s Doubled Die”?
The “Poor Man’s Doubled Die” refers to 1955 pennies that show minor doubling due to die deterioration, not a true doubled die error. These coins are significantly less valuable than the genuine error coins.
Where can I sell a 1955 Doubled Die Lincoln Penny?
Reputable coin dealers, auction houses, and online platforms specializing in numismatics are ideal places to sell such a coin. Ensure the coin is authenticated and graded to maximize its value.