In a remarkable discovery, a 1955 Doubled Die Lincoln Cent was found in a safe deposit box, leading to an impressive auction sale of $124,875.
This coin, renowned among collectors for its distinctive minting error, has once again captured the spotlight in the numismatic world.
Understanding the 1955 Doubled Die Penny
The 1955 Doubled Die Obverse (DDO) Lincoln Cent is one of the most celebrated error coins in U.S. history. Its value stems from a production error at the Philadelphia Mint, where the coin’s obverse die was misaligned during the hubbing process, resulting in a noticeable doubling of the inscriptions.
- “LIBERTY”
- “IN GOD WE TRUST”
- The date “1955”
This dramatic doubling is easily visible to the naked eye, making it a favorite among collectors.
Coin Specifications
| Attribute | Details |
|---|---|
| Year | 1955 |
| Mint | Philadelphia (No mint mark) |
| Error Type | Doubled Die Obverse (FS-101) |
| Visible Doubling | LIBERTY, IN GOD WE TRUST, 1955 |
| Metal Composition | 95% Copper, 5% Tin and Zinc |
| Weight | 3.11 grams |
| Diameter | 19.05 mm |
| Edge | Plain |
| Estimated Mintage | Approximately 24,000 |
| Estimated Survivors | 10,000–15,000 |
| Market Value Range | $1,000 – $125,000+ |
The Discovery and Auction
The coin was discovered in a safe deposit box, untouched for decades. Upon authentication and grading, it was identified as the finest known example of the 1955 Doubled Die Penny, receiving a grade of MS-65+ RD from PCGS and approval from CAC.
This exceptional specimen was auctioned by GreatCollections on March 1, 2020, fetching $124,875, setting a new world record for this coin variety.
How to Identify a 1955 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 “1955.”
- 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 1955 Doubled Die Penny in a safe deposit box underscores the enduring allure of rare coins.
With its dramatic doubling and historical significance, this coin remains a prized possession for collectors.
Whether you’re a seasoned numismatist or a curious enthusiast, always keep an eye out—your next remarkable find might be closer than you think.
FAQs
How rare is the 1955 Doubled Die Penny?
Approximately 24,000 were minted, with an estimated 10,000–15,000 surviving today, making it a sought-after rarity.
What is the value of a 1955 Doubled Die Penny?
Depending on its condition and grading, it can be worth between $1,000 and over $125,000.
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.