Many collectors and enthusiasts are often surprised to discover that some of the most valuable coins can be found right in their pocket change.
One such gem is the 1972 Lincoln Penny with a Doubled Die Obverse, which has fetched prices up to $14,400 at auctions. Beyond this, several other coins in circulation are worth significantly more than their face value. Let’s delve into these treasures and learn how to identify them.
The 1972 Lincoln Penny with Doubled Die Obverse
What Is a Doubled Die Obverse?
A doubled die obverse occurs when the coin’s design is accidentally duplicated during the minting process, leading to noticeable doubling of elements like the date, inscriptions, or images. This error enhances the coin’s rarity and value.
Identifying Features
For the 1972 Lincoln Penny, the doubling is most evident on:
- The date “1972”
- The word “LIBERTY”
- The inscription “IN GOD WE TRUST”
Collectors can spot this doubling without magnification, though a magnifying glass can help confirm the details.
Value and Rarity
Approximately 20,000 of these error pennies were minted. Their value varies based on condition:
- Circulated coins: $150 to $300
- Uncirculated coins: Up to $14,400, with a record sale of $14,400 for a specimen graded MS67+RD.
Other Valuable Coins to Watch For
Beyond the 1972 Lincoln Penny, here are six other coins that could be hiding in your change:
| Coin | Description | Value Range |
|---|---|---|
| 1969-S Lincoln Cent with Doubled Die Obverse | Features clear doubling on the obverse, especially on the date and inscriptions. | Up to $37,200 |
| 1982 Roosevelt Dime with No Mint Mark | Missing the mint mark due to a minting error; should bear a “P” for Philadelphia. | $50 to $300 |
| 1995 Lincoln Cent with Doubled Die Obverse | Doubling visible on inscriptions, notably “LIBERTY” and “IN GOD WE TRUST.” | $20 to $50 |
| 2004 Wisconsin State Quarter with Extra Leaf | Displays an extra leaf on the corn stalk, either high or low. | $50 to $1,500 |
| 1999 Wide “AM” Reverse Lincoln Cent | The letters “A” and “M” in “AMERICA” are spaced farther apart than usual. | $100 to $600 |
| 2005-D Speared Bison Jefferson Nickel | Shows a die gouge through the bison’s back, resembling a spear. | $300 to $1,200 |
Tips for Identifying Valuable Coins
- Examine Closely: Regularly inspect your coins, paying attention to dates, mint marks, and any irregularities.
- Use Proper Lighting: Good lighting can help reveal subtle details and errors.
- Consult Reference Guides: Utilize coin reference books or reputable online resources to compare your findings.
- Seek Professional Appraisal: If you believe you’ve found a valuable coin, consider having it authenticated and graded by a professional service.
Preserving Your Finds
To maintain the value of any rare coins you discover:
- Avoid Cleaning: Cleaning can reduce a coin’s value; leave it in its found condition.
- Proper Storage: Store coins in a cool, dry place, preferably in protective holders designed for coin preservation.
Your everyday pocket change could be a treasure trove of valuable coins. By staying observant and informed, you might just find a coin worth significantly more than its face value. Happy hunting!
FAQs
What makes the 1972 Lincoln Penny with Doubled Die Obverse valuable?
The rarity of the minting error and the prominence of the doubling on the obverse side contribute to its high value.
How can I tell if my 1972 penny has a doubled die obverse?
Look for clear doubling on the date, “LIBERTY,” and “IN GOD WE TRUST.” A magnifying glass can assist in identifying these features.
Are all 1972 pennies with doubling valuable?
No, only those with the specific doubled die obverse error are valuable. Other forms of doubling, like machine doubling, do not carry the same value.
Where can I sell my rare coins?
You can sell them through coin dealers, auctions, or online marketplaces. Ensure you have proper authentication to maximize value.
Is it worth getting my coins professionally graded?
Yes, professional grading can provide authentication and potentially increase the coin’s value to collectors.
