What makes a 1958 wheat penny rare?
One of the biggest and rarest errors for Wheat Pennies is the 1958 Doubled Die Error. Only three examples are known to exist, with only two being officially graded by PCGS, a third party grader. Doubling can be seen very clearly on the obverse of the coin.
What is a double die obverse error?
The coin die that strikes double die coins has a partial or fully doubled image on it. Therefore, the coin has two identical images that are slightly offset. The doubling occurs from mistakes in the die hubbing process. This results in a coin die having more than one image on it.
How rare is a double die penny?
From the original estimate of 20,000 to 24,000 coins released into circulation, experts believe that many of them got lost in circulation and only 10,000 to 15,000 coins survive today. It is occasionally reported that somebody finds a 1955 doubled die Lincoln penny while searching a roll of wheat pennies.
How much is a misprint wheat penny worth?
Drastic off-center error pennies (those that are 50% off-center) are quite rare. Pennies that are way off-center and show a complete date are even rarer — they’re worth $50 or more. Off-center pennies that are 5% or 10% off-center and not showing a date are relatively common and worth $3 to $10.
Are 1958 wheat pennies worth anything?
CoinTrackers.com has estimated the 1958 Wheat Penny value at an average of 15 cents, one in certified mint state (MS+) could be worth $5.
How much is a 1958 penny worth in 2021?
1958 Penny Value
|1958 Lincoln Penny Value|
|Condition of Coin|
|1958 Lincoln Penny Value Up-Dated||2021|
What does double die mean on a coin?
Doubled die (also known as hub doubling) is a term in numismatics used to refer to a duplication of design elements on a working die created due to a misalignment of the die or hub during the hubbing process.
How do you identify coin errors?
Common places to notice such an error include the chin, eyes, and ears. Look for any cracks, cuds (or blobs covering an image, word, date, etc.), or missing elements on the images. Turn the coin from top to bottom (no, side-to-side will not work), if your coin was right side up before, it should be right side up now.
What does double die mean?
Doubled die (also known as hub doubling) is a term in numismatics used to refer to a duplication of design elements on a working die created due to a misalignment of the die or hub during the hubbing process. This term is commonly misspelled “double die.”
How much is a 1958 wheat penny worth?
Which wheat pennies are worth the most?
The value of wheat pennies varies depending on the year issued and what Mint it came from. The lowest value wheat penny are those that were issued from 1944 to 1949 with the exception of the 1944 D/S penny. These are worth about 10 cents. The highest value wheat penny is the 1922 issue, worth more than $550 in very fine condition.
What is the value of a doubled die Penny?
A 1955 Poor Man’s doubled die penny has a value of around $1 to $3. In general, if you’re going to buy expensive doubled die coins, make sure they have been authenticated by a third-party coin grading company.
Is there a 1958 D silver or Steel Penny?
The 1958 D Penny I found was in a bin of steel pennies. It weighs 3.5 grams so I don’t think it could just be “coated”. It is also highly magnetic. My friend found a ” silver ” (one that looks like steel or silver) but also weighs in at 3.5 or so grams. These are highly accurate scales and I have weighed many pennies and other coins on them.
What is the value of a 1958 proof penny?
1958 proof penny (Philadelphia) – 875,652 minted, $5+ *Values for the 1958 wheat penny and the 1958-D penny correspond to problem-free coins that have not been cleaned or otherwise damaged and are in average circulated condition. Uncirculated 1958 pennies are worth more. The 1958 Doubled Die Penny