The Lincoln Wheat Penny is one of the most famous and widely collected coins in American history. Among these, the 1917 Lincoln Wheat Penny with a doubled die error is especially valuable. This rare coin can be worth up to $6,000, even though some of them are still found in circulation today. This article explores what makes this coin so special, why the doubled die error is important, and how collectors spot and value these pennies.
What Is the Lincoln Wheat Penny?
The Lincoln Wheat Penny was first introduced in 1909 to honour President Abraham Lincoln. It replaced the Indian Head cent and was the first U.S. coin to feature a real person’s portrait. The penny has a simple but classic design: Abraham Lincoln’s profile on the front and two stalks of wheat on the back, which is why it is called the “Wheat Penny.” These coins were made until 1958, after which the design changed to the Lincoln Memorial on the back.
The Lincoln Wheat Penny is popular among collectors because it represents a significant period in American history and has many interesting variations. Some of these variations are extremely rare and valuable.
Understanding the 1917 Doubled Die Error
The 1917 doubled die penny is a special error coin. The “doubled die” means that during the coin’s creation, the design was stamped twice but slightly misaligned. This causes certain parts of the coin’s design, like the letters or numbers, to appear doubled. The error happened because the coin die (the tool used to stamp the design onto the blank penny) was accidentally stamped twice with a slight shift in position.
In the case of the 1917 Lincoln Wheat Penny, the doubling is most noticeable on the word “LIBERTY” and the date “1917.” This doubling effect is very clear and easy to spot for trained collectors. Coins with doubled dies are rare because the error was quickly noticed and fixed by the U.S. Mint.
Why Is the 1917 Doubled Die Penny So Valuable?
The value of a coin depends on several factors like rarity, condition, and demand. The 1917 doubled die Lincoln Wheat Penny is rare because only a limited number were made before the error was corrected. It is even rarer to find one in good condition because pennies were used every day and many got worn out or lost.
Because of its rarity and the uniqueness of the doubled die error, collectors are willing to pay a high price for these coins. The value can go up to $6,000 or even more for coins in excellent condition with a clear doubled die effect. This makes it one of the most valuable Wheat Pennies in the coin collecting world.
Still Found in Circulation?
Surprisingly, some 1917 doubled die pennies are still found in everyday circulation, although it is very rare. Most people do not know about this error or the value of the coin, so they might spend it without realizing its worth. Finding a doubled die penny in change is like discovering hidden treasure.
If you happen to come across an old penny, it’s worth checking for signs of doubling on the letters and numbers. Even if the coin looks worn, if the doubling is clear, it could be valuable.
How to Identify and Protect a Doubled Die Penny
To identify a 1917 doubled die Lincoln Wheat Penny, closely examine the date and the word “LIBERTY” on the front. Use a magnifying glass or a jeweler’s loupe to look for any doubled images or shadow-like effects on the letters. The doubling usually looks like a second, slightly shifted outline of the characters.
If you find a coin that matches these characteristics, it is important to keep it safe. Store the coin in a protective case or holder designed for coins. Avoid cleaning it as cleaning can reduce its value. If you want to know how much your coin is worth, consider getting it professionally graded by a coin expert.
Why Collectors Love the Lincoln Wheat Penny
The Lincoln Wheat Penny is more than just a coin; it’s a piece of history. Collectors appreciate it because it tells a story about America’s past and the art of coin making. The 1917 doubled die penny is especially fascinating because it shows how small mistakes in production can create something rare and valuable.
The appeal of this penny lies in its simplicity, history, and rarity. It reminds us that even everyday objects like pennies can hold great value when you know what to look for.
The 1917 doubled die Lincoln Wheat Penny is a rare and valuable coin still occasionally found in circulation. Valued at around $6,000 for well-preserved examples, it stands out because of the doubled die error on its design. This coin is a prized possession for collectors and a reminder that even common coins can be valuable treasures. If you find an old penny, it’s worth checking carefully—it could be worth much more than its face value.
The Lincoln Wheat Penny connects history, art, and rarity, making it one of the most fascinating coins to collect today.
FAQs
What is a doubled die penny?
A doubled die penny is a coin where the design was accidentally stamped twice in slightly different positions, creating a doubled image on letters or numbers.
Why is the 1917 Lincoln Wheat Penny doubled die so valuable?
It is rare because only a few were made with the doubled die error before the mistake was fixed. Collectors pay high prices for well-preserved examples.
Can I still find a 1917 doubled die penny in circulation?
Yes, though it is very rare. Most people do not recognise its value and may spend it without knowing.
How can I identify the 1917 doubled die Lincoln Penny?
Look closely at the date and the word “LIBERTY” on the coin. If you see a clear doubling effect or shadow-like outlines, it may be a doubled die penny.
Should I clean a valuable penny if I find one?
No, cleaning can damage the coin and reduce its value. It’s better to keep it safe and get it checked by a coin expert.
