In an extraordinary turn of events, a rare 1969-S Doubled Die Lincoln Cent was recently discovered in a humble change jar and has fetched a staggering six-figure sum at auction.
This remarkable find underscores the immense value that certain error coins can hold, captivating both seasoned numismatists and casual collectors alike.
What is the 1969-S Doubled Die Penny?
The 1969-S Doubled Die Obverse (DDO) penny is one of the most coveted error coins in American numismatics. This particular variety exhibits a dramatic doubling of the obverse design elements, including the inscriptions “IN GOD WE TRUST,” “LIBERTY,” and the date “1969.” Notably, the “S” mintmark remains unaffected, as it was added separately after the die was created.
The doubling is the result of a misalignment during the die creation process, where the coin’s design was impressed twice at slightly different angles. This error is distinct from machine doubling, which is more common and less valuable.
Discovery and Authentication
In early 2025, a collector in Southern Arizona made the astonishing discovery of a 1969-S Doubled Die penny while sorting through a jar of spare change.
Recognizing the potential significance of the find, the coin was submitted to the Professional Coin Grading Service (PCGS) for authentication.
PCGS confirmed the coin’s authenticity and assigned it a grade of MS64 Red, indicating a mint state coin with full red luster.
This particular specimen was subsequently listed for sale on eBay with an asking price of $160,500, reflecting its rarity and condition.
Historical Context and Rarity
The 1969-S Doubled Die penny has a fascinating history. In the late 1960s, counterfeit versions of the 1969 Doubled Die penny (without the “S” mintmark) began circulating, leading the U.S. Secret Service to investigate.
During their efforts to remove counterfeit coins from circulation, some genuine 1969-S Doubled Die pennies were mistakenly confiscated and destroyed, further reducing the already limited population of authentic specimens.
Estimates suggest that fewer than 100 genuine examples of the 1969-S Doubled Die penny exist today, making it an exceptionally rare and valuable coin.
Value and Auction Records
The value of a 1969-S Doubled Die penny varies based on its condition and color designation (Red, Red-Brown, or Brown). Circulated examples typically command prices starting at $10,000, while uncirculated specimens can fetch between $35,000 and $50,000.
The highest recorded sale was in January 2008, when a PCGS MS64 Red example sold for $126,500 at a Heritage Auctions event.
In January 2023, a PCGS MS66 Red specimen from the renowned Red Copper Collection was auctioned by GreatCollections, with bidding reaching over $107,000 before the sale concluded.
Key Details of the 1969-S Doubled Die Penny
| Feature | Description |
|---|---|
| Year & Mintmark | 1969, San Francisco (“S”) |
| Error Type | Doubled Die Obverse (FS-101) |
| Doubling Visible On | “IN GOD WE TRUST,” “LIBERTY,” and “1969” |
| Mintmark Doubling | None (added separately after die creation) |
| Estimated Population | Fewer than 100 known examples |
| Highest Auction Price | $126,500 (PCGS MS64 Red, January 2008) |
| Recent Discovery | Found in a change jar in Southern Arizona, graded PCGS MS64 Red |
| Current Asking Price | $160,500 (eBay listing as of April 2025) |
The discovery of a 1969-S Doubled Die penny in a simple change jar serves as a thrilling reminder of the hidden treasures that may lie unnoticed in everyday life.
With its rich history, extreme rarity, and significant value, this coin exemplifies the excitement and rewards of numismatics. Whether you’re a seasoned collector or a curious novice, keep
FAQs
How can I identify a genuine 1969-S Doubled Die penny?
A genuine 1969-S Doubled Die penny will exhibit clear doubling on the obverse inscriptions “IN GOD WE TRUST,” “LIBERTY,” and the date “1969.” The “S” mintmark will not show doubling, as it was added separately. It’s advisable to have the coin authenticated by a reputable grading service like PCGS or NGC.
What makes the 1969-S Doubled Die penny so valuable?
Its value stems from its extreme rarity, dramatic doubling visible to the naked eye, and the historical intrigue surrounding its discovery and the subsequent Secret Service involvement.
Are there counterfeit versions of this coin?
Yes, counterfeit 1969 Doubled Die pennies (without the “S” mintmark) were produced in the late 1960s. These fakes led to confusion and the destruction of some genuine 1969-S Doubled Die pennies. Authentication by a trusted grading service is crucial.
Where can I sell a 1969-S Doubled Die penny?
Reputable auction houses like Heritage Auctions, Stack’s Bowers, and GreatCollections are ideal platforms for selling rare coins. Online marketplaces like eBay can also be used, but ensure the coin is authenticated and graded to maximize value and buyer trust.