1969-S Lincoln Memorial Cent error coin may be worth $600,000

A specific 1969-S Lincoln Memorial Cent minted at the San Francisco Mint may be worth as much as $600,000. The high value is attributed to a “Doubled Die Obverse” error, which occurs when a coin die receives a misaligned secondary impression during manufacturing, causing the design to appear doubled.

According to Stack’s Bowers Galleries, this variety is extremely rare, with an estimated population of only 50 to 60 pieces based on certification statistics. SD Bullion notes that prices for this error coin can range from $31,500 to over $605,000. Experts recommend that individuals who believe they possess such a coin consult a reputable dealer, such as those listed in the American Numismatic Association directory.

This discovery comes following the U.S. Mint's decision in November to end production of the penny. While billions of pennies remain in circulation as legal tender, the cost to produce a single 1-cent coin has risen to nearly 4 cents.