The 1955 Doubled Die Lincoln Cent is a numismatic treasure, captivating collectors with its unique minting error and significant value. This rare penny, distinguished by its pronounced doubling on the obverse, has fetched prices as high as $125,000 at auctions.
Understanding the 1955 Doubled Die Error
In 1955, a misalignment during the hubbing process at the Philadelphia Mint resulted in a doubled image on the obverse (front) of some Lincoln cents. This error caused the inscriptions, particularly “LIBERTY,” “IN GOD WE TRUST,” and the date “1955,” to appear twice, slightly offset. The striking clarity of this doubling makes it easily visible without magnification, setting it apart from other mint errors.
Mintage and Rarity
Approximately 20,000 to 24,000 of these error coins were produced and released into circulation, often appearing in cigarette packs dispensed by vending machines. Over time, many have been lost or damaged, with current estimates suggesting that about 10,000 to 15,000 examples survive today. This limited availability significantly enhances the coin’s desirability and market value.
Market Value and Auction Records
The value of a 1955 Doubled Die Penny varies based on its condition and color designation:
- Brown (BN): Coins with a brown hue due to oxidation.
- Red-Brown (RB): Coins exhibiting a mix of red and brown tones.
- Red (RD): Coins retaining 95% or more of their original red luster.
Uncirculated coins with a red designation are the most sought after. For instance, a 1955 Doubled Die Obverse Lincoln Cent graded MS65+RD (Mint State 65 with Red designation) sold for $114,000 in March 2018.
Grading and Value Table
| Grade (Sheldon Scale) | Description | Estimated Value (USD) |
|---|---|---|
| G-4 to VG-8 | Good to Very Good | $764 – $1,029 |
| F-12 to VF-20 | Fine to Very Fine | $1,203 – $1,472 |
| EF-40 to AU-50 | Extremely Fine to About Uncirculated | $1,620 – $1,817 |
| MS-60 to MS-63 | Uncirculated | $5,439 – $18,088 |
| MS-65+RD | Mint State with Red designation | Up to $114,000 |
Identifying the 1955 Doubled Die Penny
To determine if you possess this rare coin, examine the obverse for clear doubling in the inscriptions “LIBERTY,” “IN GOD WE TRUST,” and the date “1955.” The doubling is prominent and can be seen without magnification. Be cautious of the so-called “1955 Poor Man’s Doubled Die,” which exhibits minor doubling on the last digit of the date due to die deterioration and holds minimal additional value.
Investment Potential
The 1955 Doubled Die Penny remains a highly sought-after piece among collectors and investors. Its value has shown a consistent upward trend, making it a potentially lucrative investment. However, due to the prevalence of counterfeits, it is crucial to have the coin authenticated and graded by reputable services such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).
FAQs
What causes a doubled die error?
A doubled die error occurs during the hubbing process when a misalignment between the die and the hub results in a doubled image on the coin.
How can I authenticate a 1955 Doubled Die Penny?
Submit the coin to reputable grading services like PCGS or NGC for professional authentication and grading.
What is the “1955 Poor Man’s Doubled Die”?
It refers to coins with minor doubling on the last digit of the date caused by die deterioration, not true doubled die errors, and they hold minimal additional value.
Why are red-designated coins more valuable?
Red-designated coins retain most of their original luster, indicating better preservation, which increases their desirability and value.
What should I do if I find a 1955 Doubled Die Penny?
Handle it carefully, avoid cleaning, and consider having it authenticated and graded to determine its value accurately.
The 1955 Doubled Die Penny is a remarkable artifact of minting history, offering both a glimpse into a unique production error and a valuable opportunity for collectors and investors alike.
