The 1969-S Double Die Penny is one of the most valuable modern Lincoln pennies. If you find one, you might have a coin worth over $37,000! This article will explain what makes this penny so special and how to check if yours could be valuable.
What is a Double Die Penny?
A “double die” penny is made when the metal stamp used to create the coin has an error. This misalignment causes the images on the coin to appear doubled. You can see this doubling on letters, numbers, and other designs.
Key Features of the 1969-S Double Die Penny
Clear Doubling on Inscriptions
The 1969-S Double Die Penny shows clear doubling on the front side. Look for:
- “LIBERTY”
- “IN GOD WE TRUST”
- Date “1969”
True doubling looks clear and distinct. Don’t confuse it with “machine doubling,” which looks more like a blurry shadow.
San Francisco Mint Mark (“S”)
The “S” mint mark under the date tells you it was minted in San Francisco. Only pennies with this mark have this valuable double die variety.
High Condition Matters
The condition of the penny is very important. A 1969-S Double Die Penny in excellent condition (like uncirculated or mint state) can sell for a lot more. Coins graded by experts like PCGS or NGC as MS65 or higher are especially valuable.
Value Ranges for 1969-S Double Die Pennies
| Condition | Estimated Value |
|---|---|
| Average | $10,000 – $20,000 |
| MS65 or Higher | Over $37,000 |
Why It’s So Valuable
The 1969-S Double Die Penny is rare because not many of these errors exist. When they were first found, many coins were taken by the Secret Service because they thought they were fake. This mistake reduced the number of these valuable coins, making the real ones even more desirable for collectors.
How to Verify Your Coin
If you think you have a 1969-S Double Die Penny, here’s what to do:
- Examine the Doubling: Use a magnifying glass to check for clear doubling in the words and the date.
- Authenticate with a Professional: Because there are fake coins, it’s smart to have it checked by a trusted service like PCGS or NGC.
- Check the Condition: Coins in great condition are much more valuable. Keep yours in a protective holder.
Value Range of the 1969-S Double Die Penny
Most 1969-S Double Die Pennies in average condition might sell for about $10,000 to $20,000. However, perfect coins graded as MS65 or higher have sold for more than $37,000 at auctions.
If you think you have a 1969-S Double Die Penny, you might have a treasure worth tens of thousands!
FAQ’s
How do I know if my penny is a double die?
Look for clear doubling on “LIBERTY,” “IN GOD WE TRUST,” and the date “1969.” Use a magnifying glass to help.
Where can I get my coin appraised?
You can visit a local coin dealer or send it to a professional grading service like PCGS or NGC.
Why are these coins so rare?
Many 1969-S Double Die Pennies were mistakenly taken by authorities thinking they were fakes, leading to fewer surviving coins.