In an astonishing turn of events, a rare 1958 Doubled Die Lincoln Cent was discovered inside a puzzle box, leading to a remarkable auction sale of $56,000.
This unexpected find has captivated coin enthusiasts and collectors alike, highlighting the enduring allure of rare mint errors.
What Makes the 1958 Doubled Die Penny So Valuable?
The 1958 Doubled Die Obverse (DDO) Lincoln Cent is one of the most coveted error coins in U.S. numismatic history. Its value stems from:
- Extreme Rarity: Only three to five specimens are known to exist.
- Distinctive Doubling: Notable doubling is visible on the inscriptions “LIBERTY,” “IN GOD WE TRUST,” and the date “1958.”
- Historical Significance: As one of the final years of the wheat reverse design, it holds a special place in coin history.
Coin Specifications
| Attribute | Details |
|---|---|
| Year | 1958 |
| Mint | Philadelphia (No mint mark) |
| Error Type | Doubled Die Obverse |
| Visible Doubling | LIBERTY, IN GOD WE TRUST, 1958 |
| Metal Composition | 95% Copper, 5% Tin and Zinc |
| Weight | 3.11 grams |
| Diameter | 19.05 mm |
| Edge | Plain |
| Known Examples | Fewer than 5 |
| Market Value | $30,000 – $100,000+ |
The Discovery and Auction
A man in the Midwest, while organizing his garage, stumbled upon a puzzle box containing old coins. Among them was a well-preserved 1958 penny exhibiting clear doubling on the date and inscriptions.
Recognizing its potential value, he had it authenticated and graded, confirming it as one of the few genuine 1958 Doubled Die Obverse pennies. The coin was subsequently auctioned, fetching an impressive $56,000 .
How to Identify a 1958 Doubled Die Penny
If you suspect you have one of these rare coins, look for:
- Strong Doubling: Especially on “LIBERTY,” “IN GOD WE TRUST,” and the date “1958.”
- No Mint Mark: Indicating it was struck at the Philadelphia Mint.
- High Relief Details: The doubling should be prominent and not resemble flat or shelf-like machine doubling.
If you believe you’ve found one, do not clean the coin. Instead, send it to a reputable coin grading service for authentication and evaluation.
The discovery of a 1958 Doubled Die Penny in a puzzle box serves as a thrilling reminder that valuable treasures can be hidden in the most unexpected places.
With its extreme rarity and significant value, this coin is a testament to the fascinating world of numismatics. Whether you’re a seasoned collector or a curious enthusiast, always keep an eye out—your next remarkable find might be closer than you think.
FAQs
How rare is the 1958 Doubled Die Penny?
Extremely rare, with only three to five known specimens, making it one of the scarcest Lincoln cent errors ever discovered.
What is the value of a 1958 Doubled Die Penny?
Depending on its condition and grading, it can be worth between $30,000 and over $100,000. The recent discovery sold for $56,000.
What should I do if I think I have one?
Keep it safe and avoid cleaning it. Submit the coin to a reputable grading service for authentication and valuation.