Coin collectors and treasure hunters alike are abuzz over one of the most famous and rare mistakes in U.S. numismatics the 1955 Doubled Die Lincoln Wheat Penny. The scarce coin, with its striking doubling on the obverse (front), has mesmerized the hobbyist for many years. Now, discovering one could be worth up to $125,000, depending upon its grade!
Understanding the 1955 Doubled Die Error
The 1955 Doubled Die Wheat Penny is perhaps the most well-known and highly desired error coin in U.S. numismatic history. What makes it unique is a striking misprint that took place during the Philadelphia Mint’s production process.
Rather than a usual strike, the coin has extreme doubling on the obverse (front) of the coin, most prominently on the date “1955” and the words “LIBERTY” and “IN GOD WE TRUST.” Different from slight doubling found on most coins, the doubling on this penny is bold and apparent—even discernible to the naked eye.
Fewer than 20,000 to 24,000 were ever put into circulation, most of them getting past inspectors late at night. They found their way into cigarette vending machines and grocery store change jars in the 1950s. Nowadays, it’s estimated that only a few thousand remain, and fewer still are in high-grade condition.
Key features of the 1955 Doubled Die Wheat Penny
- Obverse Doubling: Heavy doubling of “LIBERTY,” “IN GOD WE TRUST,” and the date “1955.”
- Reverse Design: Typical Wheat Ear design without flaw.
- Composition: 95% copper and 5% tin and zinc.
- Weight: Around 3.11 grams.
- Diameter: 19.05 mm.
Valuation and Market Trends
The 1955 Doubled Die Wheat Penny is valued differently depending on its condition and color designation:
- Brown (BN): Coins with heavy circulation and exposure, resulting in a brown patina.
- Red-Brown (RB): Coins showing a combination of original red luster and brown toning.
- Red (RD): Coins still possessing the original red copper luster, which shows little exposure and more value.
Following is a table describing the estimated values based on condition and color designation:
| Grade | Brown (BN) | Red-Brown (RB) | Red (RD) |
|---|---|---|---|
| MS-60 | $1,500 | $2,000 | $3,000 |
| MS-63 | $4,000 | $5,500 | $7,500 |
| MS-65 | $12,000 | $15,000 | $24,000 |
| MS-66 | $20,000 | $30,000 | $50,000 |
| MS-67 | $50,000 | $75,000 | $125,000 |
Identifying Authentic 1955 Doubled Die Pennies
Because of their scarcity and worth, 1955 Doubled Die Pennies are frequently forged. To verify genuineness:
- Professional Grading: Get graded by professional grading firms like PCGS or NGC.
- Diagnostic Features: Examine for vertical die scratches that run downwards from the left bar of the “T” in “CENT” on the back, a documented indicator of genuineness.
- Avoid “Poor Man’s Doubled Die”: This is a description of coins with slight die wear doubling, without the substantial value of an actual doubled die.
Historical Significance and Collectability
The 1955 Doubled Die Penny has a mythical reputation among numismatists. Its accidental production and small release have created a focal point for collectors, representing the allure of mint mistakes and the stories behind them.
How to Sell It
If you think you’ve found the real deal, here’s what to do:
- Don’t clean the coin, cleaning can damage its value significantly.
- Have it authenticated by a professional grading service like PCGS or NGC.
- Get it appraised by a reputable coin dealer or auction house.
- Consider auctioning it through platforms like Heritage Auctions or Stack’s Bowers to reach serious buyers.
Conclusion
The 1955 Doubled Die Obverse Lincoln Wheat Penny is not just a coin; it’s a tribute to the complexity and richness of U.S. minting. Whether you’re an experienced collector or a newcomer to the world of collecting, finding one can be an exciting and profitable adventure. Keep looking, and you may just discover a piece of history worth a small fortune.
FAQ’s
What causes a doubled die error?
A doubled die error takes place at some point of the die advent system while the die gets a couple of misaligned impressions from the hub, resulting in doubled design elements at the struck coins.
How can I verify if my 1955 penny is a true doubled die?
Authentic 1955 Doubled Die Pennies showcase clear doubling on the obverse inscriptions and date. For affirmation, consult a expert grading carrier or numismatic expert.
