Coin collecting is a fascinating hobby that can sometimes lead to unexpected treasures. Among these, certain coins stand out due to their rarity and significant value.
One notable example is the 1958 Doubled Die Obverse Lincoln Cent, which has fetched over $1.1 million at auction.
In this article, we’ll delve into the details of this rare penny and explore five other coins that collectors should be on the lookout for.
The 1958 Doubled Die Obverse Lincoln Cent
The 1958 Doubled Die Obverse Lincoln Cent is one of the most coveted coins among collectors due to its extreme rarity and distinctive error.
This coin features a noticeable doubling in the inscriptions “LIBERTY” and “IN GOD WE TRUST” on the obverse side. Only three specimens are known to exist, making it a true numismatic treasure.
Notable Sales:
- In March 2018, a specimen graded MS64RD by Professional Coin Grading Service (PCGS) sold for $336,000 at auction.
- In January 2023, Great Collections Auctions sold the finest known example, graded MS65RD by PCGS, for $1,136,250.
Five More Valuable Coins to Watch For
Here are five other coins that have garnered attention for their rarity and value:
1. 1943 Copper Wheat Penny
Description: During World War II, pennies were primarily minted from steel to conserve copper. However, a few were mistakenly struck in copper.
Notable Sale: One such penny sold for over $500,000.
2. 1909-S VDB Lincoln Cent
Description: This penny features the initials of designer Victor David Brenner (“VDB”) on the reverse and was minted in San Francisco, with only 484,000 produced.
Notable Sale: Some specimens have sold for more than $300,000.
3. 1955 Doubled Die Lincoln Cent
Description: This coin exhibits a prominent doubling of the date and inscriptions on the obverse side.
Notable Sale: Well-preserved examples have sold for tens of thousands of dollars.
4. 1933 Saint-Gaudens Double Eagle
Description: This gold coin is one of the rarest and most valuable U.S. coins, with only a few known to exist.
Notable Sale: One specimen sold for $18.9 million in June 2021.
5. 1913 Liberty Head Nickel
Description: Only five examples of this coin are known to exist, making it extremely rare.
Notable Sale: One specimen sold for $3.7 million.
The world of coin collecting is filled with hidden gems that can turn an ordinary collection into a treasure trove. The 1958 Doubled Die Obverse Lincoln Cent stands out as a prime example of how minting errors and rarity can lead to significant value.
Similarly, the other coins listed above demonstrate that keeping a keen eye on your pocket change and collections can potentially lead to valuable discoveries.
Always consider having your coins evaluated by professional grading services to accurately determine their worth.
FAQs
How do I spot a 1958 Doubled Die Penny?
Look for strong doubling in “LIBERTY” and “IN GOD WE TRUST.”
How rare is the 1958 Doubled Die Penny?
Only three known examples exist, making it extremely rare.
Where can I get my coin authenticated?
Use professional grading services like PCGS or NGC for authentication.