A rare 1969-S Lincoln Memorial Cent struck at the San Francisco Mint could be worth as much as $600,000 because of a minting error known as a “Doubled Die Obverse.” Image Credit: Stack’s Bowers Galleries


Check Your Piggy Bank: A Rare 1969 Penny Could Be Worth Up to $600,000

Before you toss that spare change aside, you might want to take a closer look at your pennies. One particular 1969 Lincoln cent could be worth a small fortune — potentially as much as $600,000.

The valuable coin is a 1969-S Lincoln Memorial Cent with a Doubled Die Obverse, a rare minting error produced at the San Francisco Mint.

A doubled die occurs during the manufacturing process when the coin die receives a misaligned second impression. The result is noticeable doubling in parts of the coin's design and lettering.

According to Stack's Bowers Galleries, the 1969-S Doubled Die Obverse is an extremely rare variety, with an estimated population of only 50 to 60 known examples based on certification statistics.

The coin has become one of the most famous error pennies among collectors. Depending on its condition, examples have reportedly sold for anywhere from tens of thousands of dollars to hundreds of thousands.

So, how do you know if you have one?

First, look for a 1969 penny with an “S” mint mark beneath the date. Then examine the lettering and date closely for signs of doubling. Of course, simply finding a 1969-S penny doesn't automatically mean you've hit the jackpot.

If you believe you've found a rare coin, experts recommend having it examined by a reputable coin dealer or professional grading service before making any decisions.

No New Pennies, But Billions Are Still Out There

The search for valuable pennies comes at an interesting time. The U.S. Mint recently ended production of the one-cent coin after more than 230 years of American history.

When the penny was introduced in 1793, a single cent could actually buy everyday items like candy or a candle. Today, pennies often end up forgotten in jars, cup holders and junk drawers — and each one costs several cents to produce.

While new pennies are no longer being made, billions remain in circulation and are still legal tender.

So go ahead and dig through that old change jar. You probably won't find a $600,000 penny — but then again, somebody has to find the next one.