CHECK YOUR CHANGE: Exact detail on the front of your penny makes it worth $37,200 – and the Secret Service once thought it was counterfeit
According to THE SUN, A 1969-S doubled die penny has recently been valued at nearly $40,000 following its identification as a rare coin with a significant printing error. This unique penny features recurring images and engravings on its front face, a result of errors during the hubbing process.
Defining Features of the Rare Coin
According to Heritage Auctions, the coin is distinguished by clear “die doubling,” which is evident in the doubled date digits and lettering. Professional Coin Grading Service (PCGS) estimates that only 30 examples of this coin exist, placing it second in Schechter and Garrett’s “100 Greatest U.S. Modern Coins.”
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Initially discovered in 1970, the coin was initially dismissed as counterfeit by the U.S. Secret Service. However, this stance was later revised when the coin was confirmed as a genuine Mint error. Over the decades, the coin’s popularity has surged among collectors due to its rarity and historical significance.
The coin is noted for its “satiny chestnut-brown surface” with “deep copper-orange” undertones. Despite some minor imperfections, the absence of significant abrasions has contributed to its high valuation.
Understanding Double Die Coins
Double-die coins are characterized by partially or fully doubled images due to errors in the die-hubbing process. This error results in a coin die having multiple images that are slightly offset. The 1955 doubled die Lincoln cent is a classic example of this error and has inspired many collectors to seek out similar pieces.
Other notable double-die coins include the 1972 and 1995 Lincoln cents, which are also highly sought after by collectors.
Where to Find This Rare Coin
Mike Sadler, Head Auctioneer at Heritage Auctions, describes this coin as a “must-have” for Lincoln cent enthusiasts. Classified as Mint State 63 brown, it is considered to be in mint condition despite its imperfections. The coin is composed of 95% copper and 5% zinc.
Sadler highlighted the coin’s strong die doubling on all obverse letters and date digits, and its satiny chestnut brown surfaces with deep copper-orange undertones. For those interested in adding this rare piece to their collection, Sadler recommends attending Heritage Auction’s upcoming October event.
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In related news, another historic rare coin recently sold at auction for $7,500 despite missing some parts. Additionally, a TikToker has revealed a detail on a nickel that could significantly increase its value.