The 1958 Lincoln Wheat Cent, particularly the rare Doubled Die Obverse (DDO) variety, stands as one of the most coveted coins among collectors. With only three known specimens, this penny’s value has soared, with one fetching $336,000 at auction.
Understanding the 1958 Doubled Die Obverse Penny
A doubled die error occurs during the coin-stamping process when the die imprints the design onto the coin’s surface more than once, resulting in noticeable doubling of design elements. In the 1958 DDO penny, this doubling is prominently visible in the inscriptions “LIBERTY” and “IN GOD WE TRUST.”
Key Features of the 1958 DDO Penny
- Date: 1958
- Mint Mark: None (Philadelphia Mint)
- Obverse Design: Abraham Lincoln’s profile
- Reverse Design: Two wheat stalks flanking the denomination “ONE CENT”
- Composition: 95% copper, 5% tin and zinc
- Weight: 3.11 grams
- Diameter: 19 millimeters
Value and Auction Records
The scarcity of the 1958 DDO penny significantly enhances its value. In 2008, a specimen graded MS64RD (Mint State 64 Red) was sold for $336,000.
Identifying the 1958 DDO Penny
To determine if your 1958 penny is the rare DDO variety, examine the following:
- Doubling: Look for clear doubling in the inscriptions “LIBERTY” and “IN GOD WE TRUST.”
- Mint Mark: Authentic 1958 DDO pennies lack a mint mark, indicating production at the Philadelphia Mint.
- Professional Verification: Due to the prevalence of counterfeits, it’s advisable to have the coin authenticated by reputable grading services such as PCGS or NGC.
Comparison of 1958 Pennies
| Feature | Regular 1958 Penny | 1958 DDO Penny |
|---|---|---|
| Doubling | None | Prominent |
| Mint Mark | None | None |
| Estimated Value (MS64RD) | $0.10 – $0.20 | $336,000 |
Preserving Your Coin’s Value
Maintaining the coin’s condition is crucial for preserving its value:
- Handling: Use gloves to prevent oils from your skin from tarnishing the coin.
- Storage: Keep the coin in a protective holder and store it in a cool, dry environment.
- Cleaning: Avoid cleaning the coin, as this can reduce its value.
The 1958 Doubled Die Obverse penny is a numismatic treasure. If you suspect you possess this rare coin, seek professional authentication to confirm its identity and value.
FAQs
What is a doubled die error?
A doubled die error occurs when a coin’s design is impressed more than once onto the die, leading to duplicated elements on the coin.
How can I tell if my 1958 penny is a DDO variety?
Look for clear doubling in the inscriptions “LIBERTY” and “IN GOD WE TRUST.”
Why are 1958 DDO pennies so valuable?
Their extreme rarity, with only three known specimens, significantly increases their value.
Should I clean my 1958 DDO penny to enhance its value?
No, cleaning can diminish the coin’s value. It’s best to preserve it in its current condition.
Where can I get my coin authenticated?
Reputable grading services like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation) can authenticate your coin.
