By James A. Porter
With the plethora of “doubled-die” errors issued by the U.S. Mint in Philadelphia in 2009, the value of these pennies has slowly increased and the resulting prices paid on eBAY have also gone up. Since the “Early Childhood” (Log Cabin) and “Formative Years” (Lincoln reading on a log), “Professional Life” and “President in Washington” penny reverses are no longer being produced, all of the product available is finite and most of these coins are currently in the hands of many U.S. and worldwide collectors.
The number of different FY errors now listed by Wexler is 100! Some die-hard collectors must have them all, and are paying upwards of $50.00 for a single example of the “latest” attributed doubled die error penny! Using this statistic as an example, that makes the humble U.S. Lincoln Cent one of the most valuable commodities on the planet!
I mean, where else can one purchase anything at such a low face value as one cent, with a potential 5000% profit? Subsequently, rolls and boxes of the 2009 pennies are now becoming very scarce and often unavailable, and individual 2009 dated pennies are almost impossible to find in circulation; Have you seen any of them?
- Just One of the Currently Known 100 FY Philadelphia Doubled Die Errors
