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PCGS Certifies 1969-S Doubled Die Cent

Jaime Hernandez - October 25, 2007
 
Yes, you can still find valuable coins. Professional Coin Grading Service has certified a recently discovered modern rarity, a 1969 San Francisco Mint doubled die obverse Lincoln Cent. It’s graded PCGS Mint State 64 Red and tied for the finest known!

The coin was discovered by Michigan collector, Michael Tremonti, who was examining two rolls of uncirculated 1969-S cents on October 3. After consulting with well-known error-variety expert, Ken Potter, Tremonti submitted the coin to PCGS.

“I was totally amazed that this coin could turn up out of nowhere. The coin is completely original and full mint red. It’s a beautiful near-Gem example,” said David Hall, PCGS co-founder and president of Collectors Universe, Inc. (NASDAQ: CLCT). “What an incredible find! This could be a six-figure coin.”

Including this latest discovery piece, the PCGS Population Report indicates only 23 1969-S doubled die cents from Very Fine to MS-64, and only two are graded Mint State Red.

The coin discovered by Tremonti has strong doubling on the obverse in the date, 1969, and the words, LIBERTY and IN GOD WE TRUST. It’s described by Potter as “a Class I Rotated Hub with counter-clockwise doubling.”

A1969-S doubled die cent, graded PCGS MS-64 Red Brown was sold for $85,100 in the Bowers and Merena Auctions sale in August. The Tremonti coin is full red, tied for finest known with one other MS-64 Red, and with no higher grade examples in the PCGS Population Report.





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