In a remarkable turn of events, a 1972 Doubled Die Lincoln Cent, discovered in an old coffee can, has fetched a staggering $18,500 at auction.
This unexpected windfall underscores the hidden treasures that may lie unnoticed in everyday places and the significant value that rare error coins can hold for collectors.
Understanding the 1972 Doubled Die Penny
The 1972 Doubled Die Obverse (DDO) penny is one of the most sought-after error coins among numismatists.
This particular error occurred during the minting process when the coin die struck the planchet twice, resulting in a noticeable doubling of the design elements. The most prominent doubling can be observed on the inscriptions “IN GOD WE TRUST,” “LIBERTY,” and the date “1972.”
There are several varieties of the 1972 DDO penny, but the Type 1 variety is the most prominent and valuable due to its clear and dramatic doubling.
It’s estimated that approximately 250,000 of these error coins were minted, but only a fraction have been discovered in high-grade conditions.
Value and Auction Records
The value of a 1972 Doubled Die penny varies significantly based on its condition and grade. While circulated examples can fetch a few hundred dollars, uncirculated and high-grade specimens are much more valuable.
In June 2019, a specimen graded MS67+RD by the Professional Coin Grading Service (PCGS) sold for a record $14,400 at a Heritage Auctions event . More recently, in April 2025, a well-preserved example discovered in a fishing vest pocket ignited a bidding war, ultimately selling for $25,000 .
The recent $18,500 sale of the coffee can find adds to the growing list of high-value auctions for this error coin, reflecting its desirability among collectors.
How to Identify a 1972 Doubled Die Penny
Identifying a 1972 DDO penny involves careful examination of specific features:
- Doubling on Inscriptions: Look for clear doubling on “IN GOD WE TRUST,” “LIBERTY,” and the date “1972.”
- No Mint Mark: These coins were minted in Philadelphia and, therefore, do not bear a mint mark.
- Weight and Composition: The coin should weigh approximately 3.11 grams and be composed of 95% copper.
Using a magnifying glass or a jeweler’s loupe can aid in detecting the doubling. For confirmation, consider having the coin authenticated and graded by a reputable service like PCGS or the Numismatic Guaranty Corporation (NGC).
Tips for Coin Collectors
- Check Your Change: Regularly inspect your pocket change and coin jars for rare coins.
- Educate Yourself: Familiarize yourself with common error coins and their identifying features.
- Proper Storage: Store coins in a cool, dry place using appropriate holders to prevent damage.
- Professional Appraisal: If you suspect you have a valuable coin, seek a professional appraisal.
The discovery and subsequent $18,500 sale of a 1972 Doubled Die penny from an old coffee can serve as a compelling reminder of the hidden treasures that may lie in our everyday surroundings.
For coin enthusiasts and casual collectors alike, this event highlights the importance of vigilance and knowledge in the pursuit of numismatic finds.
FAQs
How many 1972 Doubled Die pennies exist?
Approximately 250,000 were minted, but the exact number of surviving specimens, especially in high grades, is unknown.
Can I find a 1972 DDO penny in circulation today?
While rare, it’s possible. Some may still be in circulation or stored away in collections and forgotten containers.
Where can I sell a valuable error coin?
Reputable auction houses, coin dealers, and online marketplaces specializing in numismatics are good avenues to sell rare coins.