Have you ever checked your pocket change and wondered if it might hold a hidden treasure? A rare Lincoln penny error coin recently sold for an impressive $325, making it a fascinating discovery for coin enthusiasts and collectors.
1972 Doubled Die Obverse Lincoln Penny
This particular coin, minted in Philadelphia, is a 1972 doubled die obverse Lincoln Memorial cent. Its standout feature is the noticeable doubling of certain design elements on the coin:
- “In God We Trust” appears doubled across the top.
- “Liberty” on the left side shows visible duplication.
- The year 1972 on the right side also displays the doubling effect.
These imperfections result from a minting error where the coin die was improperly manufactured, creating the appearance of overlapping or “doubled” images.
Why Is It So Valuable?
While over 5.5 billion Lincoln pennies were minted in 1972, only an estimated 20,000 examples of the doubled die version were accidentally produced. This rarity makes them highly sought after by collectors.
The specific penny in question garnered significant interest, selling for $325.22 on eBay. Notably, its slightly unusual color, described as “error toned,” likely boosted its appeal.
This auction attracted 49 bids, starting at just $1 before escalating to its final price.
How Much Is a 1972 Doubled Die Penny Worth?
On average, the value of this coin is around $15, according to Coinappraiser. While this may seem modest, it’s still an impressive 149,900% increase over its original one-cent face value.
Tips for Identifying Valuable Coins
If you’re curious whether your loose change might hold a hidden fortune, here are some steps to take:
- Look for Rarity or Errors: Coins with low mintage numbers or minting mistakes are often the most valuable.
- Research Market Value: Search for similar coins on eBay under the “sold” listings and filter by “highest value” to understand their worth.
- Consider Selling Options:
- Online marketplaces like eBay can yield high prices. Set a minimum price to avoid losses.
- Specialized platforms like Coinappraiser or USA Coin Book are also reliable options.
Selling on eBay: Points to Remember
While eBay can be a lucrative platform for selling rare coins, there are some risks:
- A coin’s final selling price is not always guaranteed if the buyer doesn’t pay.
- Set clear terms and a minimum price to protect yourself from financial loss.
Other Valuable Coins in Circulation
Rare coins continue to captivate collectors. For example, a 25-cent error coin recently sold for $599, proving that spare change can sometimes hold surprising value.
Could your pocket change be hiding a rare and valuable treasure? It’s worth taking a closer look—who knows what you might find!
My Name is Chris Mueller , I Work as a Content Writer for Sugyan and I like Writing Articles
