Rare 1958 'Doubled Die' Penny Sells for $1.14 Million at Auction
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A rare 1958 "doubled die" penny recently sold at auction for $1.14 million. Doubled die coins have doubling of design elements due to an error during production.
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The most famous doubled die coin is the 1955 Lincoln penny. Only around 20,000-24,000 were produced before the error was caught.
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Other valuable doubled die pennies include the 1972 variety worth up to $650 and the 1969-S worth tens of thousands.
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The doubling is visible on all coins struck from the flawed die. The doubling occurs on letters, numbers, and other design elements.
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While most doubled die coins are rare and valuable, the 1972 variety could still potentially be found in circulation today.