The $336,000 Wheat Penny: How to Identify This Rare 1958 Error

Could Your Penny Be Worth a Fortune?

Did you know an ordinary-looking 1958 wheat penny recently sold for an astonishing $336,000? While most wheat pennies are worth just a few cents, this particular error variety commands six-figure prices at auction. At PennyVerse.info, we’ll show you exactly how to determine if your 1958 penny might be this incredibly valuable variety.

The Record-Setting 1958 Penny

The penny that sold for $336,000 had these key characteristics:

• 1958 date (Philadelphia mint, no mintmark)
• Clear doubling on “LIBERTY” and “IN GOD WE TRUST”
• Strong doubling visible to the naked eye
• Exceptional mint state condition (MS65+ RD)

3-Step Identification Guide

Step 1: Check the Date

• Only 1958-dated pennies have this valuable variety
• Must be Philadelphia mint (no mintmark below the date)
• Later years (1959+) don’t have this specific error

Step 2: Examine “LIBERTY”

• Use a 10x magnifier to study the word “LIBERTY”
• Look for clear separation between doubled letters
• The doubling should be evenly spaced and visible without tilt

Step 3: Inspect “IN GOD WE TRUST”

• The motto should show identical doubling
• Compare to known examples (see images below)
• The strongest doubling appears on the “G” in GOD and “T” in TRUST”

Notice the clear separation in all lettering

Grading and Valuation

Grade	Description	Value Range
MS-60 to MS-63	Light doubling, some wear	1,000−1,000−5,000
MS-64	Moderate doubling, few marks	10,000−10,000−25,000
MS-65	Strong doubling, excellent eye appeal	50,000−50,000−150,000
MS-65+	Extreme doubling, flawless surfaces	200,000−200,000−336,000+

Where to Find These Rare Pennies

1. Old Coin Rolls – Search original 1958 mint rolls
2. Inherited Collections – Many sit undiscovered in attics
3. Estate Sales – Often overlooked in bulk lots
4. Coin Dealer Inventory – Some don’t recognize the variety

How to Sell Your 1958 Doubled Die Penny

1. Get It Professionally Graded

• PCGS or NGC certification is essential for maximum value
• Costs 75−75−150 but increases value 5-10x
• Ensures authenticity for buyers

2. Professional Photography

• Use macro lens to capture doubling clearly
• Shoot under natural light to show surface quality
• Include scale reference in images

3. Choose the Right Marketplace

Platform	Best For	Fees
Heritage Auctions	Ultra-high grade coins	15%
GreatCollections	Certified rare coins	10%
eBay	Raw/unverified coins	12.9%
Private Treaty	Coins over $100k	5-8%

Avoid Common Mistakes

❌ Don’t clean your coin – removes value
❌ Don’t sell raw (ungraded) if high quality
❌ Avoid “we buy coins” shops – they’ll lowball
❌ Beware of fake certification holders

Join Our Wheat Penny Hunters Community

🔍 At PennyVerse.info you’ll find:

• Free weekly coin hunting tips
• Live Q&A with grading experts
• Access to our rare penny database
• Members-only auction alerts

Found a 1958 penny? Post clear photos in our forum for free evaluation!

Would you like our free “Doubled Die Checklist” to help examine your coins? Comment below!

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@thecoinchannel

$336,000…. Holy 💩 #pennies #moneyglitch #thecoinchannel #foru

♬ Duel of the Fates – Epic Version – Cover – Samuel Kim

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