A 1972 Lincoln penny that exhibits strong "doubling" qualities can potentially fetch a value of over $17,000. This is due to two main factors.
A coin enthusiast recently profiled a 1972 penny that sold for $17,435 due to its strong "double die" error.
Firstly, the penny displays evident doubling on the obverse, making it a rare and highly sought-after 'double die' error coin.
This type of error occurs when manufacturing issues result in visual effects being imprinted multiple times, resulting in a doubling or layered appearance.
Secondly, the coin has a high quality rating of MS67, which is just three points short of the perfect, mint-condition score of MS70.
This classifies it as a "Red Copper" coin, as its quality is so high it retains its original reddish tint.
This classifies it as a "Red Copper" coin, as its quality is so high it retains its original reddish tint.
If you believe you possess a 1972 Double Die error penny in good condition, it is advisable to have it professionally appraised before putting it up for sale.