The $18,000 Penny: What Sold?
Based on the auction details and video analysis, the coin in question is likely:
- 1969-S Doubled Die Obverse Lincoln Cent
- Key Feature: Dramatic doubling on “LIBERTY,” the date, and Lincoln’s profile.
- Recent Sale: $18,000 (PCGS MS-64 Red, December 2023).
- Rarity: Only 40–50 confirmed specimens exist.
Why It’s So Valuable
- Historic Error: Caused by a misaligned die during striking.
- Condition: Gem Mint State (MS-64 or higher) with full red luster.
- Demand: Top-tier error coin collectors compete fiercely for high-grade examples.
How to Check Your Pennies for This Error
Step 1: Identify 1969-S Pennies
- Mintmark: Look for the “S” below the date on the obverse (front).
Step 2: Magnify the Details
- Doubling Signs:
- Date “1969”: Secondary ghost numbers visible.
- “LIBERTY”: Letters appear blurred or shadowed.
- Lincoln’s Eye & Jaw: Distinct doubling in facial features.
Step 3: Grade & Certify
- Red (RD) Condition: Full copper color with no toning (use a 10x loupe).
- Submit to PCGS/NGC: Certification is mandatory for high-value sales.
Value Breakdown: 1969-S Doubled Die
| Grade | Value Range |
|---|---|
| AU-55 | 5,000–5,000–10,000 |
| MS-63 | 12,000–12,000–18,000 |
| MS-65+ | 25,000–25,000–50,000 |
Where to Sell Your Coin
- Heritage Auctions: Premier platform for rare errors (achieved the $18,000 sale).
- GreatCollections: Specializes in certified coins with competitive fees.
- Private Collectors: Use NGC/PCGS registries to target serious buyers.
Avoid Scams & Pitfalls
- Beware of Fakes: Counterfeits often have laser-etched doubling.
- Never Clean Coins: Removes original surfaces, destroying value.
- Verify Buyers: Use escrow services (e.g., Escrow.com) for sales over $10,000.
Other Pennies Worth Checking
While hunting for the 1969-S, also look for:
- 1955 Doubled Die: 1,000–1,000–20,000+
- 1943 Copper Penny: $100,000+
- 1992 Close AM: $5,000+
Join the Treasure Hunt!
🔎 Your Action Plan:
- Sort all 1969-S pennies immediately.
- Use our magnification guide above.
- Watch the Video Tutorial for visual identification.
💬 Question for You:
“Would you rather find one $18,000 penny or 100 silver dollars?”
Debate at Pennyverse.info!
Why Trust Us?
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