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Famous Doubled Die Penny Sells for $19,800 at GreatCollections
Ian Russell on Fri, Nov 07, 2014 07:56:55 AM
Famous Doubled Die Penny Sells for $19,800 at GreatCollections
A collector in Kentucky recently discovered the rarity.


Irvine, Calif. – GreatCollections auctioned a rare circulated 1969-S Lincoln Cent, with the Doubled Die Obverse variety on Sunday, November 2, 2014.  The coin had been graded AU-55 by Professional Coin Grading Service (PCGS).  Several serious bids were received for the coin, before it was sold for $19,800; over 700 people had viewed the auction online.

The 1969-S Doubled Die variety was discovered shortly after they were released in circulation; however, very few have been found to date.  Less than 100 coins are believed known in all grades.  A collector in Kentucky, who was sorting through circulated pennies for rare varieties, discovered this example.

"Several weeks ago, I remember receiving a phone call on a Saturday at the office – the caller said he just discovered a 1969-S Doubled Die coin.  This is really a collector’s dream to find such a rare and elusive error while sorting through pennies," said Ian Russell, President/founder of GreatCollections.

On the same day, GreatCollections auctioned two high-grade modern coins that appeared in an auction for the first time.  Both attracted over 50 bids each.  The 1976-S Eisenhower Dollar Type 2 graded PCGS Proof-70 DCAM for $22,500 and a 1983 "No S" Roosevelt Dime graded PCGS Proof-70 DCAM for $10,560.

1969-S Doubled Die Penny Sells for $19,800 at GreatCollections