1958 DDO

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"The 1958 FS-101 (Class I) Doubled Die Lincoln Cent yields only three known specimens. It’s incredible to think that this variety has existed for more than six decades, belonging to one of the most widely collected series, and has offered the world just three specimens. Not only is this a testament to the true and extreme rarity of this piece, but it also serves as a reminder that the Lincoln cent series offers real challenges to even the most tenacious and financially well-heeled of collectors."

Be sure to check out the rest of our feature here: https://www.pcgs.com/news/1958-doubled-die-lincoln-cent-remains-elusive

291fifth

This is a good example of what the searchers for "errors" should actually be looking for. The double die can easily be seen without a magnifying glass and does not have to wondered about.

TroyW

a few years ago I bought a bulk lot of 1957-1996 au/unc cent rolls and in one of the 1957 rolls found at least a half dozen uncirculated BIE's as well as the 9&5having what looked looked filled dates.

MICHAELDIXON

Over the years I have searched several original bags of 1958 cents with no luck. They are very rare.

DCW

@291fifth said:
This is a good example of what the searchers for "errors" should actually be looking for.

I thought you were going to say it is a good example of what the searchers should forget about ever finding in circulation.
If I recall correctly, the only examples known came from the "collection" of a former mint press operator who had 3 of them. The only 3 that exist in the world.
Gee...what are the chances of that happening legitimately?

ShadyDave

Per the PCGS write-up:

"There is a tiny number of collectors who have had the great fortune of happening upon this coin for the mere price of face value. The 1958 doubled die was first discovered by Philadelphia collector Charles Ludovico, who was looking through a $50 face bag of 1958 Lincoln cents around 1960. That specimen was submitted to the United States Mint, where officials confirmed the coin as genuine. The coin later appeared in an early 1980s edition of Errorama and was listed by David Lange in his authoritative 1996 book The Complete Guide to Lincoln Cents, when just one specimen was known. Also, in 1996, the first third-party certified example in an alternative holder and graded MS64RD took $25,025 at auction. In 2000, by which time that same specimen had crossed into a PCGS slab with the same grade of MS64RD, it snagged $57,500.

In the years since, two other pieces have appeared. Still demand for this coin is so great that the effective tripling of the coin’s population in less than a quarter century has not at all suppressed prices. All three known examples reside in PCGS holders, with two grading MS64RD and the single-finest known certified as an MS65RD. When there are only three known examples of the coin, it’s plausible that the only thing rarer than the 1958 Doubled Die Lincoln Cent is the number of opportunities in one’s lifetime to buy it."

291fifth

@DCW said:

@291fifth said:
This is a good example of what the searchers for "errors" should actually be looking for.

I thought you were going to say it is a good example of what the searchers should forget about ever finding in circulation.
If I recall correctly, the only examples known came from the "collection" of a former mint press operator who had 3 of them. The only 3 that exist in the world.
Gee...what are the chances of that happening legitimately?

My point is simple: Stick to "errors" and varieties that are actually visible without magnification and don't have to be wondered about. This is the kind of item that may actually have a two-way market. The fact that this particular "error" is never likely to be found in circulation is good information for everyone to know, including myself.

oih82w8

...and what happened to the die?

ricko

Wow.... I have, literally, gallon jars of wheat cents, unsearched.... many rolls as well that I assembled years ago (then got tired of rolling)....I guess I should add this one to my list of 'special' wheaties to look for when I get around to the 'Great coin search' I keep promising to do....Cheers, RickO

ECHOES

That cent is awesome...

Jimnight

Very nice coin... wish I had one.

bolivarshagnasty

IIRC, Dr. Pete owns the one pictured, and Stewart owns the other two. I remember the thread where Blay and Flynn were rehashing the story about the procurement of the last two examples. I agree with DCW in that one guy having all three was more than a coincidence.

bolivarshagnasty

Perhaps @STEWARTBLAYNUMIS will have these on display at the FUN show? Would love to see them.

mannie gray

I would be really surprised if any additional specimens surface.

koynekwest

@mannie gray said:
I would be really surprised if any additional specimens surface.

If not, it would be one of those "non-collectable" items, like the Strawberry Leaf large cent.

RedCopper

Indian and Flying Eagle Cents this year at FUN at the PCGS booth
Maybe next year at FUN for the
Lincoln Cents

Unknown

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