The 1969 S Doubled Die Lincoln Cent is one of the most famous and rare coins in American numismatics. It is known for its special doubling on the obverse, this coin has captivated collectors and historians alike. Its rarity, associated with a dramatic history of confusion with counterfeits, has only heightened its attraction, making it a centerpiece in many collections.
History of 1969 S Doubled Die Lincoln Cent
The 1969 S Doubled Die Lincoln Cent first garnered attention in the late 20th century, but not for the reasons collectors would hope. Early discoveries of this variety were met with skepticism, as counterfeit versions had been circulating, leading to the confiscation of many authentic coins by government agents.
These actions were part of an effort to curb the distribution of fake doubled die cents dated 1969, which unfortunately included legitimate examples. Over time, the legitimate coins were authenticated and returned, but some were lost or destroyed in the process. This early controversy significantly impacted the coin’s population, contributing to its current rarity.
One of the most famous discoveries of a 1969-S Doubled Die occurred in 2007 when collector Michael Tremonti found an uncirculated example in a roll of 1969-S cents. This coin, later graded MS64 Red by PCGS, sold for $126,500, highlighting the significant value that well-preserved examples can command.
Specifications
- Mint Mark: S (San Francisco)
- Composition: 95% copper, 5% zinc
- Diameter: 19.05 mm
- Weight: 3.11 grams
- Edge: Plain
- Mintage: Estimated 30-50 known examples
- Strike Type: Business (MS)
Design
Obverse:
The obverse of the 1969 S Lincoln Cent shows the iconic bust of Abraham Lincoln. It is designed by Victor David Brenner. The doubling is prominently visible in the date, the word “LIBERTY,” and the motto “IN GOD WE TRUST is written on it.” This doubling makes the coin so unique and valuable.
Reverse:
The reverse side of the coin shows the Lincoln Memorial. It is also designed by Brenner. The design has the inscriptions “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “ONE CENT written on it.” Unlike the obverse, the reverse of this coin does not show doubling, as the mintmark was added individually after the hubbing procedure.
Rarity and Condition
The 1969 S Doubled Die Lincoln Cent is extremely rare, with fewer than 100 examples believed to exist. The rarity of this coin is not only because of its initial low mintage but also because of the early confiscation and destruction of many genuine examples. Coins that have survived are highly sought after, with prices ranging from tens of thousands to over $100,000, depending on condition.
Coins graded MS64 Red by PCGS or NGC are extremely valuable, as represent some of the best-known examples. The doubling on these coins is clear and sharp, with the most famous areas being the date and lettering on the obverse.
Errors
The most notable error associated with this coin is the doubled die obverse, which is the result of a misalignment during the hubbing process. This error is characterized by a strong doubling in the inscriptions and the date on the obverse. Collectors should be cautious, as many coins exhibit strike doubling, which is a much more common and less valuable form of doubling that can be mistaken for the doubled die.
Value of 1969 S Doubled Die Lincoln Cent
The value of a 1969 S Doubled Die Lincoln Cent depends on its condition. Circulated examples, while still valuable, normally sell coins for tens of thousands of dollars. Uncirculated examples, especially those graded MS64 Red, can cost about six figures. The coin’s value depends on its rarity and the historical value.
Also Read – 1955 Doubled Die Lincoln Cent: A Complete Guide
Conclusion
The 1969 S Doubled Die Lincoln Cent is a valuable coin of numismatic history. Its rarity and its historical value make it one of the most highly valued coins in the Lincoln Memorial series. A 1969-S Doubled Die is an important achievement, describing a piece of American history and a testament to the regular attraction of numismatics.