Rare Lincoln Wheat Penny Worth $50K – Still in Circulation!

In the realm of coin collecting, the 1955 Doubled Die Lincoln Cent is among the most popular and coveted error coins ever produced. In it, a limited number of coins were struck with a skewed die, making the front lettering look doubled.

Unlike minor coin errors, this error can easily be seen with the naked eye and, hence, is easy to detect as well as highly sought after. A mere 20,000 to 24,000 of these coins were put into circulation before someone noticed the error, so they are uncommon today. If you’re lucky enough to get your hands on one, it might be worth lakhs of rupees.

Why the 1955 Doubled Die Penny is So Special

Most coin mistakes are small and require a magnifying glass to see. But not this one. On the 1955 penny, the “LIBERTY,” “IN GOD WE TRUST,” and date 1955 are written twice, as if there is a shadow to their right. This occurred because the die that strikes the coin was moved during setup, making the image doubled.

The back (reverse) of the coin is standard only the front (obverse) side indicates the error. The extreme and evident doubling has caused the 1955 Doubled Die to become a legendary coin in American history.

How to Identify a 1955 Doubled Die Lincoln Cent

If you find a 1955 penny, look for these things:

  • Date: It has to be 1955.
  • Doubling Visible: Look for intense and evident doubling on the front, particularly on:
    • “LIBERTY”
    • “IN GOD WE TRUST”
    • The date “1955”
  • Front Side Only: Doubled only on the obverse (front). Normal on the back.
  • No Loupe Required: You can distinguish the doubling yourself with the naked eye. The use of a magnifier or loupe is only required for confirmation.

Don’t Get Fooled by Fake Errors

Most coins display a lower denomination appearance known as machine doubling. It appears flat, smeared, or not sharp and bold like an authentic doubled die. On genuine 1955 error coins, the letters are boldly doubled with defined edges.

Pro Tip: If in doubt, match it with pictures on the Internet of established genuine coins or send it to a qualified coin professional.

Value of a 1955 Doubled Die Penny

These scarce coins are worth a great deal based on their grade:

  • Circulated specimens are worth $1,000 to $5,000.
  • Uncirculated specimens have sold for $10,000 to $25,000.
  • High-grade specimens in MS-65 Red grade can sell for more than $50,000.

The Doubled Die Lincoln Cent of 1955 is every coin collector’s dream find. Its stunning error renders it obvious, and its rarity makes it very valuable. If you happen to have an antique 1955 penny sitting somewhere, take a close look.

Read More :- 10 Rare Vintage Coins Valued at $2,457 Million – A Treasure for Collectors!

You might be holding in your hand a small piece worth lakh’s. Just ensure the doubling is genuine and not a machine effect and never clean the coin prior to professional inspection.

FAQs:-

What makes the 1943 copper penny so rare?

Most 1943 pennies were made of steel, but a few were mistakenly struck in copper, making them extremely valuable.

Which year of the Lincoln Wheat Penny is worth the most?

The 1909-S VDB and the 1943 copper penny are among the most valuable, sometimes selling for over $50,000.

What is the most expensive Lincoln Wheat Penny ever sold?

A 1943 copper penny sold for over $1.7 million at auction due to its extreme rarity.

Leave a Comment