The 1958 Lincoln Wheat Cent is one of the most sought-after coins by collectors. What makes this coin even more intriguing is the presence of a “Doubled-Die Obverse.” In this article, we will explore what this rare coin is, how to identify it, and why it has become such a valuable piece of numismatic history.
Introduction to the 1958 Lincoln Wheat Cent
The Lincoln Wheat Cent was minted from 1909 to 1958 and is a popular coin among collectors. The 1958 version of this coin is particularly special because of a rare minting error known as a “Doubled-Die Obverse.” This error occurs when the die used to strike the coin was accidentally pressed twice, causing the image on the coin to appear doubled.
While the 1958 Lincoln Wheat Cent is valuable on its own, a coin with the doubled-die obverse is worth significantly more due to its rarity and the unique error. These coins are highly sought after by collectors, and owning one can make any collection stand out.
What is a Doubled-Die Obverse?
A Doubled-Die Obverse is a type of error that happens during the minting process. It occurs when a coin die is mistakenly struck more than once, resulting in a double image on the coin’s obverse (the front side). This can cause letters, numbers, and other elements on the coin to appear as though they are “doubled” or “split.” In the case of the 1958 Lincoln Wheat Cent, this error is most noticeable in the lettering, particularly in the word “LIBERTY.”
Collectors value these doubled-die coins because they are extremely rare. In many cases, the error only happens once in a while, making it an exciting find for anyone searching through their coin collection.
Identifying the 1958 Lincoln Wheat Cent Doubled-Die
If you are looking through your collection and want to know if you have a 1958 Doubled-Die Lincoln Wheat Cent, here are a few ways to identify it:
- Check the Word “LIBERTY”: The most noticeable feature of the 1958 doubled-die obverse is the doubling of the letters in the word “LIBERTY.” The letters will appear split or doubled, especially the “L” and the “Y.”
- Look at the Date: The date on the coin may also show some doubling, but it’s usually less pronounced than the word “LIBERTY.”
- Examine the Lincoln Portrait: In some cases, the portrait of Abraham Lincoln on the coin may show signs of doubling, though this is less common than the lettering.
- Use a Magnifying Glass: Since the doubling is subtle, it’s best to use a magnifying glass or a microscope to get a clear view of the coin’s details.
Why is the 1958 Lincoln Wheat Cent Doubled-Die Valuable?
The 1958 Lincoln Wheat Cent with a Doubled-Die Obverse is rare, and rarity drives its value. These coins were minted with an error, making them more interesting to collectors who are looking for unique or one-of-a-kind items. As a result, the price of a 1958 Doubled-Die Lincoln Wheat Cent can vary depending on its condition.
For example, a coin in uncirculated condition can be worth several hundred dollars, while one in lower grades might be worth less. However, even a coin in a lower grade can still be valuable due to the doubled-die error.
Value and Price Range of the 1958 Lincoln Wheat Cent
The value of a 1958 Lincoln Wheat Cent with a Doubled-Die Obverse varies based on its condition, rarity, and demand in the market. Below is an estimated price range for different conditions of this rare coin:
Condition | Estimated Value |
---|---|
Uncirculated (Mint Condition) | $300 – $1,000+ |
Extremely Fine (XF) | $100 – $300 |
Fine (F) | $40 – $100 |
Good (G) | $10 – $40 |
The value can fluctuate depending on the coin’s market demand and the collector community’s interest in specific errors. As more collectors become aware of the rarity of the 1958 Doubled-Die Lincoln Wheat Cent, the prices for well-preserved specimens continue to rise.
Where to Find the 1958 Lincoln Wheat Cent Doubled-Die?
Finding a 1958 Lincoln Wheat Cent with a Doubled-Die Obverse can be a challenge, but it’s not impossible. These coins may be found in coin shops, online marketplaces, or through auctions. Many collectors also search through rolls of pennies or visit estate sales in hopes of finding rare coins like the 1958 Doubled-Die Lincoln Wheat Cent.
How to Care for and Preserve the 1958 Doubled-Die Lincoln Wheat Cent
If you happen to own a 1958 Doubled-Die Lincoln Wheat Cent, it’s important to take care of it to preserve its value. Here are some tips on how to properly care for your coin:
- Store in a Safe Place: Use a coin holder or protective sleeve made from non-reactive materials, such as Mylar, to store the coin.
- Avoid Cleaning: Cleaning your coin can damage its surface and reduce its value. Let the natural patina remain.
- Handle with Care: Always handle the coin by its edges to avoid leaving fingerprints or oils from your skin on the surface.
Conclusion
The 1958 Lincoln Wheat Cent with a Doubled-Die Obverse is a fascinating coin that has become a collector’s treasure. Whether you’re a seasoned numismatist or a casual collector, finding this rare coin can be a thrilling experience. Its unique error and historical significance make it a valuable piece of American coinage. By learning how to identify and preserve it, you can ensure that your 1958 Doubled-Die Lincoln Wheat Cent remains in excellent condition for years to come.
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FAQs
1. What is the difference between a doubled-die and a repunched mintmark?
A doubled-die error occurs when the die strikes the coin multiple times, causing a doubled image. A repunched mintmark is when the mintmark is struck multiple times, causing it to appear blurry or doubled.
2. How rare is the 1958 Doubled-Die Lincoln Wheat Cent?
The 1958 Doubled-Die Lincoln Wheat Cent is rare, but not the rarest of the Lincoln Wheat Cent series. However, its rarity still makes it highly collectible and valuable.
3. Can I find a 1958 Doubled-Die Lincoln Wheat Cent in circulation?
It’s unlikely to find this coin in circulation, as most coins like this are quickly taken out of circulation by collectors. However, you may find one in your collection or through other sources.
4. How do I know if my coin is a doubled-die?
Look closely at the letters and numbers on the coin. If they appear doubled or split, you may have a doubled-die coin. Using a magnifying glass can help you spot the error.
5. Where is the best place to sell a 1958 Doubled-Die Lincoln Wheat Cent?
The best places to sell such a coin are coin shops, online auction sites like eBay, or at coin shows. Make sure to get the coin appraised if you’re unsure about its value.