Home » Lifestyle » Rare doubled die error pennies sell for big bucks. Here's what they are, and how to find one
Rare doubled die error pennies sell for big bucks. Here's what they are, and how to find one
FOX Business Flash top headlines for February 20
Check out what’s clicking on FoxBusiness.com
Old pennies that have been stamped twice during the minting process and have been circulated throughout the United States by accident have long been selling for thousands of dollars.
In January 2023, one of these rare "doubled die" pennies from a 1958 batch sold for a record $1.136 million through an auction held by GreatCollections Coin Auctions, the official auctioneer of the American Numismatic Association – a nonprofit organization that educates the public about coins, currency, medals, tokens and related objects.
The record-setting penny is believed to be one of three doubled die pennies from 1958 that "have severe doubling of letters in the motto IN GOD WE TRUST and the word LIBERTY on the front of the coin," according to a statement issued by Ian Russell, president at GreatCollections headquarters in Irvine, California.
RARE COIN SELLS FOR $4.2 MILLION
Pennies and other coins that have been made correctly at minting facilities have been struck a single time by a metal die, the stamp that features the artistic design that gets etched onto a coin.