Coin collecting can be a rewarding hobby, especially when you discover that some coins in your possession might be worth more than their face value.
One such example is the 1972 Lincoln Cent with a Doubled Die Obverse, which has fetched up to $14,400 at auction.
In this article, we’ll delve into the details of this valuable penny and explore seven other modern coins that could be hiding in your collection, each with the potential to command significant sums.
The 1972 Lincoln Cent with Doubled Die Obverse
The 1972 Lincoln Cent is renowned for a minting error known as the Doubled Die Obverse (DDO). This error results in noticeable doubling of the inscriptions on the coin’s obverse, particularly evident in the date “1972,” the word “LIBERTY,” and the motto “IN GOD WE TRUST.” Approximately 20,000 of these error coins are believed to exist.
Notable Sales and Values:
- MS63 Grade: Valued between $250 and $500.
- MS65 Grade: Valued between $1,500 and $3,000.
- MS67 Grade: Achieved a sale price of $14,400 at a Heritage Auction in 2019.
Note: Values are approximate and subject to market fluctuations.
Seven More Modern Coins Worth Noting
- 1969-S Lincoln Cent with Doubled Die Obverse
- Description: This penny exhibits significant doubling on the obverse, especially in the inscriptions.
- Notable Sale: A specimen graded AU-55 was valued at approximately $24,000.
- 1970-S Small Date Lincoln Cent with Doubled Die Obverse
- Description: Features a subtle doubling on the obverse and a distinct small date variety.
- Notable Sale: High-grade examples have fetched significant sums, though specific figures vary.
- 1982 No Mint Mark Roosevelt Dime
- Description: In 1982, some dimes were mistakenly struck without a mint mark.
- Notable Sale: Depending on condition, these dimes can be worth several hundred dollars.
- 1999 Wide “AM” Reverse Lincoln Cent
- Description: This variety features a wider spacing between the letters “A” and “M” in “AMERICA” on the reverse.
- Notable Sale: High-grade specimens have sold for upwards of $500.
- 2004-D Wisconsin State Quarter with Extra Leaf
- Description: Some Wisconsin quarters were minted with an extra leaf on the ear of corn, due to a die error.
- Notable Sale: Depending on the condition, these quarters can be valued between $300 and $1,500.
- 2005-D Speared Bison Jefferson Nickel
- Description: This nickel features a die gouge that appears as a “spear” through the bison’s back.
- Notable Sale: High-grade examples have sold for over $1,000.
- 2009 Lincoln Cent Professional Life Reverse with Satin Finish
- Description: Issued in special mint sets, these coins have a distinct satin finish and low mintage.
- Notable Sale: Depending on the grade, they can be worth several hundred dollars.
Modern coins with minting errors or unique varieties can hold significant value beyond their face denomination.
The 1972 Doubled Die Obverse Lincoln Cent is a prime example, with certain specimens commanding impressive prices at auction.
Similarly, other modern coins listed above demonstrate that treasures might be hiding in plain sight within your pocket change or coin collection.
Regularly inspecting your coins and staying informed about notable varieties can lead to exciting and potentially lucrative discoveries.
FAQs
How can I identify a 1972 Doubled Die Obverse Lincoln Cent?
Look for clear doubling in the date “1972,” the word “LIBERTY,” and the motto “IN GOD WE TRUST” on the obverse. The doubling is typically towards the southwest direction.
Are all 1972 pennies with doubling valuable?
Only the coins with the genuine Doubled Die Obverse error are valuable. Machine doubling, which is more common, does not significantly increase a coin’s value. It’s advisable to have the coin evaluated by a professional grading service.
Where can I sell my error coins?
Reputable coin dealers, auction houses, and online platforms specializing in numismatics are good places to sell error coins. Ensure you have proper authentication and grading to maximize your coin’s value.