Rare 1937 “Double Liberty” Penny Sells for $1.5 Million – Is Yours Next?
A stunning 1937 Lincoln Wheat Penny featuring a dramatic “Double Liberty” error has sold for a record $1.5 million, sending collectors scrambling to check their old coins. Here’s everything you need to know about this numismatic treasure.
Why This Penny Is Worth a Fortune
EXTREME RARITY: Only 4-5 specimens confirmed
SHOCKING ERROR: “LIBERTY” appears doubled with visible separation
PERFECT CONDITION: Graded MS-66 Red by PCGS
HISTORIC SIGNIFICANCE: From Depression-era minting
How to Spot This Million-Dollar Error
Check the Date: Must be 1937 (no mintmark)
Examine “LIBERTY”:
- Clear doubling visible to naked eye
- Letters appear “shadowed” or overlapping
Inspect Condition: - Full red color (no fading)
- No wear on Lincoln’s cheek
Grading & Valuation Guide
| Grade | Value Range |
|---|---|
| MS-65+ RD | $1M-$1.5M |
| MS-64 RD | $500K-$800K |
| AU-58 | $100K-$250K |
| VF-20 | $25K-$50K |
Where These Hidden Gems Are Found
- Old coin rolls from the 1930s
- Inherited collections
- Antique store “junk bins”
- Estate sales in Midwest/Northeast
How to Sell for Maximum Profit
- Get Certified: PCGS/NGC authentication is mandatory
- Professional Photos: High-resolution images of both sides
- Auction Strategy:
- Heritage Auctions for world-record sales
- 6-8 month marketing campaign
- Tax Planning: Consult specialist (28% collectibles tax applies)
WARNING: Many altered coins exist – never buy raw examples
READY TO SEARCH YOUR COLLECTION?
