Finding a fortune in your pocket change might seem like a dream, but for collectors and sharp-eyed treasure hunters, it’s a real possibility—especially if you stumble upon the 1958 Double Die Lincoln Penny. This incredibly rare error coin, produced at the tail end of the Lincoln Wheat Penny era, has stunned collectors with its value, with pristine examples fetching up to $75,000 at auction. And yes—it has been found in circulation.
1958 Double Die Lincoln Penny
The 1958 Double Die Obverse (DDO) Lincoln Penny is one of the most famous and valuable U.S. error coins. It was created when the coin die was improperly engraved, resulting in a dramatic doubling effect, especially visible on the words “LIBERTY” and “IN GOD WE TRUST” on the coin’s obverse. Only a few of these coins were ever released, and it’s believed that just 3 known verified examples exist today, making it one of the rarest double die coins in U.S. history.
What Makes It Valuable?
The rarity of the 1958 DDO Penny cannot be overstated. While the 1955 Double Die Penny is better known and more widely found, the 1958 version is far scarcer, making it highly sought-after by elite collectors. Combine its rarity with the strong visual doubling and historic appeal, and it’s easy to see why this coin has sold for tens of thousands of dollars.
How to Spot the 1958 Double Die
To the trained eye, this rare penny has some key signs:
- Strong doubling on “LIBERTY” and “IN GOD WE TRUST”
- Slight doubling may also be seen on the date
- No mint mark – all 1958 DDO pennies were made in Philadelphia
- Copper composition, weighing about 3.11 grams
If you suspect you have one, don’t spend it! Get it professionally graded to confirm authenticity.
Your Change Could Be Life-Changing
The 1958 Double Die Lincoln Penny proves that incredible treasures can still be hiding in ordinary places. With a potential value of up to $75,000, it’s worth examining your penny jar, wallet, or pocket change more closely. You might just discover a rare gem that’s been hiding in plain sight all along.
FAQ’s:
1. How many 1958 Double Die Pennies exist?
Only three confirmed examples are known to exist, making it one of the rarest U.S. error coins.
2. Where can I get my penny authenticated?
You can send your coin to professional grading services like PCGS or NGC for evaluation and certification.
3. How much is a 1958 Double Die Penny worth?
Depending on its condition, it can sell for $50,000 to $75,000, or even more if it’s in pristine condition.
4. What causes a double die error?
It happens when the coin die is engraved twice at slightly different angles, creating a noticeable doubling of the design.
5. Should I clean the coin before grading it?
No. Cleaning can lower the coin’s value—always leave rare coins in their natural state.