If your coin collection consists of old coins, you might want to nudge them and take a closer look at them. The 1955 one-cent coin with a rare minting mistake is one of the rarest, most valuable coins in existence. This one cent could fetch a few thousand dollars today, and if you are lucky enough, you could find that prized coin from that collection of yours.
What makes this coin very special?
The 1955 one-cent coin has a very unique double-die error, which can be easily viewed even without special equipment. This means that you can inspect your old coin collection and hopefully find the rare coin among them that could possibly be valued in the bracket of $30,000!
History of the 1955 1-cent minting error
In 1955, the US Mint mistakenly re-dyed some coins, creating a double die on them. This mistake happened when the metal plate was not properly aligned, leading to a double image in the letters and numbers.
However, this mistake was not discovered immediately and more than 20,000 such coins came into circulation mixed with other common coins. Many of these coins were discovered when people were looking for them in the change returned from cigarette vending machines. At that time, the price of cigarettes was 23 cents, and the vending machine used to return 2 cents after taking 25 cents. This was the reason why this rare coin came into the hands of many people and gradually its importance increased.
Double Die Error – What to See in This Coin?
The most important feature of this 1955 coin is its “double die” error, which is clearly visible on its obverse. Due to this mistake, double printing is seen on the letters of the date “1955,” “IN GOD WE TRUST,” and “LIBERTY.”.
For a 1955 coin, check at first whether there is a “D” (Denver mint mark) or an “S” (San Francisco mint) on it. Only the Philadelphia mint produced this valuable error coin, which means that it would not have a mint mark.
How much is this coin worth?
The price of this mint error 1955 coin varies according to its grade. For the better condition types, the coin can fetch several thousand dollars. According to
PCGS [Professional Coin Grading Service], possible prices range as follows:
| Condition (Grading) | Estimated Price ($) |
|---|---|
| MS-61 | $2,950 |
| MS-62 | $3,350 |
| MS-63 | $4,000 |
| MS-64 | $7,000 |
| MS-65 | $9,000 |
| MS-66 | $30,500 |
In MS-66 condition, that coin could be worth upwards of $30,500! It’s good to know that even rarer coins, those that are a bit worn, will still get quite a bit; there’s always a market with collectors who would like to purchase it.
What to do if you have this coin?
If you think you have this coin, don’t rush to sell it. First, contact an experienced coin expert or numismatist. They will give you a fair idea of its real value. If it is in very good condition, you can have it tested by a certified grading service to increase its value further.
Conclusion
This rare 1-cent coin of 1955 is affiliated with a historical mistake that has rendered it extraordinarily valuable within the ranks of coin collectors. If you happen to stumble across any of your old coins in that collection, hurry up and give them a once-over-you could have that priceless coin that could be a life-changer for you!
FAQs
Q. What makes the 1955 one-cent coin valuable?
A. The 1955 penny is valuable due to its rare “double die” minting error, making it highly sought after by collectors.
Q. How can I identify the 1955 double die penny?
A. Look for clear duplication in the date, “LIBERTY,” and “IN GOD WE TRUST” on the obverse of the coin.
Q. How much is the 1955 double die penny worth?
A. Depending on its condition, it can be worth anywhere from $2,950 to over $30,000.
Q. Where were these error pennies minted?
A. They were produced at the Philadelphia Mint and do not have a mint mark.
Q. Should I get my 1955 penny professionally graded?
A. Yes, if you suspect it’s a double die error in good condition, professional grading can confirm its authenticity and increase its value.