Introduction: The 1958 Lincoln Wheat Cent Penny with a doubled-die obverse is a dream find for many coin collectors. This rare error coin features a unique doubling on the front, which makes it highly valuable and sought-after. Most pennies from 1958 are ordinary, but a few have this special error, making them worth far more than just a penny. Let’s dive into the history, characteristics, and value of this fascinating coin.
What Is a Doubled-Die Obverse?
A doubled-die obverse (DDO) happens when the design on the die shifts slightly during the production process, causing the image to appear doubled on the coin. This doubling can often be seen on letters, numbers, or even parts of the design like Lincoln’s profile. In the case of the 1958 Lincoln Wheat Cent, the doubling is quite noticeable, making it a prized possession for collectors.
Why Is the 1958 Doubled-Die Obverse So Rare?
- Limited Coins Made: Only a small number of 1958 pennies were struck with the doubled-die obverse, possibly fewer than 100.
- Error During Minting: The error occurred at the Philadelphia Mint, where a slight misalignment during die production led to the doubling effect.
- High Demand Among Collectors: Due to its rarity and clear doubling, the 1958 doubled-die penny is in high demand, driving up its market value.
How to Identify a 1958 Doubled-Die Obverse Penny
Here’s how you can check if your 1958 penny is a doubled-die obverse:
- Visible Doubling: The doubling is most noticeable on the inscriptions “LIBERTY” and “IN GOD WE TRUST.” You might also see it on the date “1958.”
- Magnifying Glass: Use a magnifying glass to look closely at the details. The doubling should be distinct, not blurry.
- Weight: A genuine 1958 penny weighs around 3.11 grams since it is made of copper.
Value of a 1958 Doubled-Die Obverse Penny
The value of a 1958 doubled-die obverse penny can be significantly higher than regular pennies, especially if it’s in good condition. Here’s a table showing the estimated value based on the coin’s condition:
| Condition | Estimated Value |
|---|---|
| Good (G) | $50,000 – $75,000 |
| Very Fine (VF) | $75,000 – $125,000 |
| Extremely Fine (XF) | $125,000 – $175,000 |
| Mint State (MS) | $200,000 – $400,000+ |
Note: Actual prices may vary depending on the coin market and collector interest.
Why Is This Coin So Valuable?
- Rarity: The small number of doubled-die obverse pennies from 1958 makes them rare and valuable.
- Unique Error: This type of error is easy to see, which makes it highly appealing to collectors.
- Collector Interest: The clear doubling and limited supply create a strong demand, pushing prices even higher at auctions.
Conclusion
The 1958 Lincoln Wheat Cent with a doubled-die obverse is a rare and exciting piece of U.S. coin history. Its uniqueness and high value make it a cherished find among collectors. If you think you have one, it’s a good idea to have it professionally evaluated to confirm its authenticity. Holding such a coin means owning a part of minting history, with a value that extends far beyond its face.
FAQ’s
Q1: How can I spot a 1958 doubled-die obverse penny?
A1: Look for clear doubling on the words “LIBERTY” and “IN GOD WE TRUST.” A magnifying glass can help.
Q2: How many 1958 doubled-die obverse pennies are there?
A2: There are likely fewer than 100 known to exist, making them extremely rare.
Q3: What is the difference between a regular 1958 penny and a doubled-die one?
A3: The regular penny has no doubling effect, while the doubled-die version has a noticeable doubling on certain inscriptions.
Q4: How much is a 1958 doubled-die obverse penny worth?
A4: Its value can range from $50,000 to over $400,000 depending on its condition and demand among collectors.
Q5: Where should I sell a 1958 doubled-die obverse penny?
A5: You can sell it through professional coin dealers, auctions, or online marketplaces that specialize in rare coins.