1958 Penny Value Guide: See If You’ve Got The 1958 Doubled Die Penny Worth $150,000+ Or A Regular 1958 Wheat Penny



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Have a 1958 penny? Want to know what it’s worth?

Maybe you’ve found a 1958 wheat penny and you think it might be the rare and valuable 1958 doubled die penny.

Whether you’re looking for the value of a regular 1958 wheat penny or 1958-D penny, or you’re trying to figure out what a 1958 doubled die penny looks like so you can tell if you have one of these rare wheat pennies… you’ve come to the right place!

Read on to find out what your 1958 wheat pennies are worth and to see if you’ve got a legit 1958 doubled die penny.

 

1958 Penny Values

If you’ve found a 1958 penny in your pocket change, then it’s probably pretty well worn.

The good news is even circulated 1958 pennies with regular wear and tear are worth more than face value!

Here’s what 1958 Lincoln cents are worth, including the collectible 1958 proof pennies:

  • 1958 penny no mintmark (Philadelphia) — 252,525,000 minted, 5 to 10+ cents
  • 1958-D penny (Denver) — 800,953,300 minted, 5 to 10+ cents
  • 1958 proof penny (Philadelphia) — 875,652 minted, $5+

*Values for the 1958 wheat penny and the 1958-D penny correspond to problem-free coins that have not been cleaned or otherwise damaged and are in average circulated condition. Uncirculated 1958 pennies are worth more.

 

The 1958 Doubled Die Penny

Perhaps you’ve heard about the valuable and rare 1958 doubled die penny that’s worth as much as $150,000 and want to know if your 1958 penny is also a doubled die coin.

NOTE: Some mistakenly call it a 1958 double die penny — but that term is incorrect, as the image on the die is being doubled during the hubbing process. The phrase “double die” implies there are 2 dies somehow involved with this error variety — which is not the case with a doubled die coin.

Only 3 are known to exist, making this an extremely rare error coin.

Sure, it’s possible you may have found the 4th — but it’s highly unlikely.

In most cases, when someone finds what appears to be a 1958 error penny, they actually have a coin with mild strike or machine doubling — which is not the same as a doubled die.

Or, what looks like a 1958 penny error might also be die deterioration doubling — which is caused by excessive overuse of dies, die preparation errors, or other problems.

 

Doubled Die Coins vs. Machine Doubled Coins

If you’re wondering what exactly the difference is between a doubled die coin and a machine doubled coin, here’s what you need to know:

  • Doubled Die Coins: A doubled die is accidentally created during the hubbing of the die when inadvertent rotation offsets the appearance of the design; the doubling may be minor or significant and could be visible on only small parts or large areas of one side of the coin.
  • Machine Doubled Coins: Mechanical doubling (also known as shelf doubling, strike doubling, shift doubling, and ejection doubling) is caused during the striking process and is usually the result of a loose die sliding or shifting upon impact with a planchet. A machine doubled penny is not a rare coin. 

Most photos of supposed 1958 doubled die pennies submitted here show very slight machine doubling.

This video shows what a real 1958 doubled die penny looks like:

 

What Else Happened When Your 1958 Penny Was Made?

1958 was a busy year! Here are a few things that were going on when your 1958 penny rolled off the presses:

  • NASA (the National Aeronautics and Space Administration) was formed in the United States and was tasked with space exploration.
  • The first United States satellite, Explorer 1, was launched — fueling the space race.
  • The Brussels World’s Fair (the first significant World’s Fair to be held after World War II) drew more than 40 million people.
  • The legendary 45.52-carat Hope Diamond was donated to the Smithsonian Museum.
  • The microchip, a device that drives computers, smartphones, and other digital devices, was invented by Jack Kilby of Texas Instruments and Robert Noyce of Fairchild Semiconductors.
  • The top songs of 1958 were “All I Have To Do Is Dream” by the Everly Brothers, “Tom Dooley” by the Kingston Trio, “Splish Splash” by Bobby Darin, “I Got A Feeling” by Ricky Nelson, and “Peggy Sue” by Buddy Holly.
  • Top-watched TV shows in 1958 were “The Rifleman,” “Alfred Hitchcock Presents,” “Gunsmoke,” “Father Knows Best,” “Perry Mason,” “The Danny Thomas Show,” “Leave it to Beaver,” and “The Real McCoys.”
  • The most popular movies of 1958 were “Vertigo,” “Cat on a Hot Tin Roof,” “Gigi,” “South Pacific,” and “The Defiant Ones.”

 

More About The Current 1958 Penny Value

In addition to the links I’ve included above, here are some other resources to help you understand the value of your 1958 penny:

Joshua

I'm the Coin Editor here at TheFunTimesGuide. My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I'm a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. I'm also the editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I've contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I've authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below!

52 thoughts on “1958 Penny Value Guide: See If You’ve Got The 1958 Doubled Die Penny Worth $150,000+ Or A Regular 1958 Wheat Penny

  1. I just found this today any value1 https://uploads.disquscdn.com/images/d8e52daa6adcaaebf26378d11920704b8f9de6e284834f2586e52be1c0fd0e9f.jpg 1958 d one cent

    1. Hey, Jennifer!

      Yes, this is definitely a keeper, as it’s worth about 3 to 5 cents. Not bad for a penny!

      Nice find,
      Josh

  2. https://uploads.disquscdn.com/images/9f34822e8a5a9df82b873f751ca12436ed68d4144824982b8fe0b2eeb35913db.jpg https://uploads.disquscdn.com/images/25d52fce298906c2a88bfe4d9930ec88155ce7386608b4bc568167dfc7bf5e65.jpg https://uploads.disquscdn.com/images/d3adde821b928e7959ec4a485c5f851c294087534471d81c302ee9126a18037a.jpg https://uploads.disquscdn.com/images/9065f6ee5925ec52845007784309f26d0d895a2ff63187385adaedc23eefb9b6.jpg https://uploads.disquscdn.com/images/1e8e8ec5209d3fffe4488145af7e0ca078a0d9aec97dd2a6d6ff7f428567bb11.jpg https://uploads.disquscdn.com/images/25d52fce298906c2a88bfe4d9930ec88155ce7386608b4bc568167dfc7bf5e65.jpg

    Mine has doubling and he has a flower on his chin and the penny is so shiny – shinnier then the pics show.

    1. Hi, Kara!!

      I think I do see minor doubling in “IN GOD WE TRUST”…

      This might be worth sending to die variety expert John Wexler for official confirmation and possible attribution. His info is found at doubleddie.com

      Good luck!
      Josh

      1. omg If its worth anything I would cry. I am a single mom of 4 kids trying to pay off student loans, my engine went in my car and the transmission, lost my job of 6 yrs…this would be incredible. How much does he charge do you know? I dont have money to pay someone to certify it- no joke Im negative $200 in the bank at the moment. Thanks for looking at the pics I appreciate it.

        1. Hi, Kara,

          I’m not sure… It USED to be I think $4 per coin, but I’m not sure these days.

          Hang in there! There really are valuable coins in circulation — just keep looking and don’t be shy in posting pics and questions about coins you’re curious about here!

          Best of luck,
          Josh

          1. Ok awesome. I have a few other odd ones but didnt want to spam your page. I will get some pics and post them then since youre ok with it. Thanks again

          2. I’ll be glad to check some of them out, Kara! Please post them and I’ll do my best to assist.

      2. Heres a better pic of my 58 penny showing date and d doubling. I will look for my other “odd pennies” and upload some pics too
        https://uploads.disquscdn.com/images/ee4619e588cb28d55340c3ca1cae5fd58730507f677a2bb4fed094faaecbb6e3.jpg

        1. Hi, Kara —

          This appears to be strike shift, which is essentially machine doubling. There are nuanced differences between doubled dies and machine doubling, and in the case of the latter the doubling appears flatter and shallower than the primary design. It takes a LONG time to get to notice these differences, so no worries at all. This is still a keeper, because machine doubling is a type of novelty. It’s just common and therefore not very valuable. Some folks trade these coins for a dollar or so.

          Best wishes,
          Josh

  3. https://uploads.disquscdn.com/images/d28cf49f772d5bb2f60d98f0ebb745dec68e4426bfca5d211fd854a7e8ea34d1.jpg Not sure if you only look at pennies or not, but I googled a quarter error for a 2017 District of Columbia coin and found no real results. Is double dying only valuable on OLD coins or does it add value to newer coins? Sorry I am VERY new to this, I only saved old ones and odd ones just because they were old and odd, never really looked into it. And also is it possible for errors to be found like mine here with double dye that aren’t listed yet? click the pics to enlarge em. His one hand has 8-10 fingers due to double dying lol so I know that’s not right, but as I mentioned I have found NO results or other people listing this, which is why I think maybe its not valuable with error because its so new 2017, OR I found an error not reported yet. So confused here 🙂 This coin is double dyed front and back, but not sure on the P mint mark – will magnify it tomorrow

    https://uploads.disquscdn.com/images/38dd0c0317508b28bda9df8f842395fe7ee564dcd8abc97dc0987ed2dd9fae91.jpg https://uploads.disquscdn.com/images/8d3af3f85c25509f630ab85c0aeed37c7b42a8fbaf1dc4c04b6c90aba10d5148.jpg https://uploads.disquscdn.com/images/3e54bc52a32b9bfaa05393e30e5926827af8f01fab395d953720a7a5fda7bc14.jpg https://uploads.disquscdn.com/images/845fd606c12ae79f19b129e500e0dced7d79bd4de0e1e32444a9c891e0eeb01b.jpg https://uploads.disquscdn.com/images/b2f87b39979d9d589b12ff6e91fa1c44e364b6c2a6dba8775e0bf958e5dcefae.jpg https://uploads.disquscdn.com/images/bf47a2f8abc9a8c06120ed39aaadb7e7567f24a898c30279a61cd6426dee3f09.jpg https://uploads.disquscdn.com/images/d28cf49f772d5bb2f60d98f0ebb745dec68e4426bfca5d211fd854a7e8ea34d1.jpg https://uploads.disquscdn.com/images/f3bab55568572111c54b5ef71184c6906160f116a16a448edc965645475ff56b.jpg https://uploads.disquscdn.com/images/d28cf49f772d5bb2f60d98f0ebb745dec68e4426bfca5d211fd854a7e8ea34d1.jpg https://uploads.disquscdn.com/images/5f16afd00f46947d98de1c5eb74cd834d79bd816b2ade42b0a7e65690a32dae8.jpg https://uploads.disquscdn.com/images/f3bab55568572111c54b5ef71184c6906160f116a16a448edc965645475ff56b.jpg https://uploads.disquscdn.com/images/8791a9d85704018b7d0182412d790327ab9a9332dc42b3deeb273ce251ff3510.jpg https://uploads.disquscdn.com/images/65c76f97d1bf00696c82627b81612d5c93f662ef7a765d064d5ae230b009df3a.jpg https://uploads.disquscdn.com/images/0f0639f6c317188de221ff30e30df84df0bef2f60e938cbea3cc81941eee1d07.jpg https://uploads.disquscdn.com/images/8791a9d85704018b7d0182412d790327ab9a9332dc42b3deeb273ce251ff3510.jpg https://uploads.disquscdn.com/images/65c76f97d1bf00696c82627b81612d5c93f662ef7a765d064d5ae230b009df3a.jpg https://uploads.disquscdn.com/images/0f0639f6c317188de221ff30e30df84df0bef2f60e938cbea3cc81941eee1d07.jpg https://uploads.disquscdn.com/images/65c76f97d1bf00696c82627b81612d5c93f662ef7a765d064d5ae230b009df3a.jpg https://uploads.disquscdn.com/images/0f0639f6c317188de221ff30e30df84df0bef2f60e938cbea3cc81941eee1d07.jpg https://uploads.disquscdn.com/images/2ac7ea5b0db4d367aeb055295ae0d10740a2758ebed8c49403ac105293374513.jpg https://uploads.disquscdn.com/images/eabd3a32ed8cf7cdfc379af1b73c3587d2531364eb4fdc0e42642c44a46601f0.jpg https://uploads.disquscdn.com/images/587b93e9158629380a83b941de81ee7531405ba244a3ec8ae3ef268f8b85a2a0.jpg https://uploads.disquscdn.com/images/2ac7ea5b0db4d367aeb055295ae0d10740a2758ebed8c49403ac105293374513.jpg https://uploads.disquscdn.com/images/587b93e9158629380a83b941de81ee7531405ba244a3ec8ae3ef268f8b85a2a0.jpg https://uploads.disquscdn.com/images/38dd0c0317508b28bda9df8f842395fe7ee564dcd8abc97dc0987ed2dd9fae91.jpg https://uploads.disquscdn.com/images/8d3af3f85c25509f630ab85c0aeed37c7b42a8fbaf1dc4c04b6c90aba10d5148.jpg https://uploads.disquscdn.com/images/3e54bc52a32b9bfaa05393e30e5926827af8f01fab395d953720a7a5fda7bc14.jpg

    1. https://uploads.disquscdn.com/images/cd4be78f612917ca93589b5609a08b646214f7efab58be1056f1a012e3604c2f.png The “P” mint mark is doubled after enlarging it I see it also

        1. https://uploads.disquscdn.com/images/0b0f2c50e0379b453e3b61c1f0cf1cfe51e4679980ba4f744ee7bf4691b14db1.png

          you have to look a bit closer at the unum wording, buts double too

          1. Same with “god” phrase https://uploads.disquscdn.com/images/cc01fedc96a57c69b2a26cb82aab1bd941c3236ea526810f57d5fd2f6b6adfee.png

          2. The date KINDA is https://uploads.disquscdn.com/images/ff4a7a2819c8f2fe380a9e8684db55ec509755911fd24153689e90f23321f4e7.png

      1. Hey, Kara —

        Based on what I’m seeing in these photos of the quarter, I’m feeling confident that the slight doubling is actually strike shift or machine doubling. YES, there IS doubling (though minor) but this was not caused in the hubbing process (where doubled dies are created) but rather in the striking of this individual coin.

        A novelty, yes, but unfortunately not a valuable variety error.

        Here’s some more info on doubled dies in case you’re interested: https://coins.thefuntimesguide.com/doubled-die-coins/

        Best wishes,
        Josh

    2. Hi, Kara —

      I can tell you’re really trying to educate yourself on this and am glad you are. Doubled dies vary in value more or less based on these criteria:

      •How rare the doubled die is
      •How significant the doubled die is (can it be readily seen with the naked eye?)
      •How much in demand that doubled die is

      While doubled dies are scarce as a class, there are some that are far more common than others. But regardless of how new or old the coin is that it’s found on, what’s really important regarding value is how significant is the doubled die, is it rare, and do people want it.

      I actually know of several 19th-century doubled die coins that are relatively rare, but they’re minor doubling on coins that many folks don’t really enthusiastically collect. Thus, values are lower. The 1955 doubled die Lincoln cent is an interesting story, because it’s a HUGE doubled die on a popularly collected coin (Lincoln cents) that was first discovered in the mid 50s, when the hobby was enjoying a huge growth in popularity across the US. On top of that, only about 18,000 to 22,000 were made — actually rather common, but SOOOO many people want them!

      As for this coin, I think I do see some doubling maybe in Douglass’ left pinky finger. I think this is something that should be verified by a variety expert such as John Wexler and/or the folks at CONECA.

      Here’s their info:

      John Wexler: https://doubleddie.com/
      CONECA: https://varietyvista.com/

      Good luck,
      Josh

      fff

  4. Hi Josh,
    Thanks for reply back. You’re very helpful.
    I got this two 1943 steel (among thousands other), they say “New composition:
    What this refers to. The fact they are steel, or something else.
    Thanks Again https://uploads.disquscdn.com/images/a828a4edce12154af493544b4495f704bcd66431796034f7e9c558bfa1755b2c.jpg

    1. Hi, Alfonso —

      Here’s are 1958 penny values: https://coins.thefuntimesguide.com/1958-penny-value/

      Best wishes,
      Josh

  5. Hi can someone please tell me if the “WE” and “Trust” shows signs of Doublibg? Seems when I zoom in and mess with the filters that those letters show some doubling at the top edge of the letters. Any help would be greatly appreciated.

    1. https://uploads.disquscdn.com/images/4798d4913cec751e30568438787a601d8552b1dd2e1d5f23cedaf22455c5df30.jpg

      1. Hi, Eric —

        It’s a little hard to see in his photo… I do see a lump of metal above the first “T” in “Trust” but the other lettering appears to be machine doubling.

        Hmm…
        Josh

    1. Hi, Jospeh —

      Would you please upload a couple clear images of your coin here so I can help further?

      Thank you,
      Josh

      1. https://uploads.disquscdn.com/images/1did you get it?cdf3be39ddae95ede2741024f3b3d026535466d1be391273b4a7cae6c3935ee.jpg

  6. Try this again. https://uploads.disquscdn.com/images/1cdf3be39ddae95ede2741024f3b3d026535466d1be391273b4a7cae6c3935ee.jpg

    1. Hi, Joseph —

      From what I can tell in the photos this is a typical 1958-D Lincoln wheat penny, which is worth about 3 to 5 cents in moderately circulated condition.

      Thank you,
      Josh

  7. Here’s the front https://uploads.disquscdn.com/images/86edb907829fdc0866a9e8337a9256f57fdf7b2b0bcb17fb8bc2ee7430d760fc.jpg

  8. Found this! What’s the worth? https://uploads.disquscdn.com/images/1fd9867ea2c778b50734295e108ffc1b601c7fa2c88ee40b26108d33ed460b7b.jpg https://uploads.disquscdn.com/images/6f7c6a2717e4c3dafb3455695114949a6c53f3d1b08d8f30c1bb8dfd75105acd.jpg

    1. Hi, Jakayla!

      Nice uncirculated 1958 penny! It’s worth about 15 to 25 cents!

      Best wishes,
      Josh

  9. I’m pretty sure this is the one. It matches up to the other 1, rotated right. I’m counting on ya tell me some good news. It’s better in person then pics. https://uploads.disquscdn.com/images/27c15a3c95bffee2dd84eefb43cd7914cbb12922681b529f644ed2b3a6f2ea7a.jpg https://uploads.disquscdn.com/images/8684bcf63bcacf183d11080d7e01015e0f34bf391753954f93e805577ecc6b98.jpg https://uploads.disquscdn.com/images/51bb00c5ef819f95139251600326e220b8c368c55b490f4de4022e7aca81879b.jpg

    1. Hi, Travis —

      Thank you for uploading these images. Unfortunately, based on what I see here, your coin has machine doubling caused by slight doubling in the strike, NOT hub doubling on the die that struck this coin, which is the desirable and rare error. This piece may not be worth the big money you were hoping for (I’m sorry) but at least it’s worth a few cents — more than face value anyway.

      Wishing you my best,
      Josh

  10. Maybe you can better explain the difference between them because I have read up on both, exhaustively and I thought I was getting good at telling the differences. On that coin the doubling next to the letters is raised. I know that’s not the only part, so any better info on the difference is appreciated

    1. Hi, Travis —

      You had mentioned you compared your 1958 penny to one seen in a video? When it comes to comparing diagnostics for any major doubles dies I suggest that you check out the photos and articles written by some of the hobby’s greatest variety attributors, as they are really helpful in understanding not just the general differences between machine doubling and hub doubling but also the individual die markers and diagnostics that go into attributing certain varieties.

      Check out this fantastic Stack’s Bowers Galleries auction listing of a 1958 doubled die, complete with really good photos and die diagnostic info: https://auctions.stacksbowers.com/lots/view/3-9I81X/1958-lincoln-cent-fs-101-doubled-die-obverse-ms-64-rd-pcgs

      Here’s a good article on hub doubling versus machine doubling: https://www.ngccoin.com/news/article/5688/Double-Dies-vs-Machine-Doubling/

      And, finally, Variety Vista, an online hub of coin varieties staffed by some decades-long experts in the field: https://varietyvista.com/

      I hope this helps a little more! Best of luck!

      Cheers,
      Josh

  11. I have a 1958 Wheat penny that where the Mint Mark is suppose to be , its not the mint Mark is pushed up against the middle of the 9 & 5 in 1958 and looks like a squashed 8 or possibly a B. Then at times it looks to be a D or P i’m going to wash with soap and water, I have 12 1958 wheat pennies and they all look to be D mint marks, this one is suspicious, it might be a Error Coin at least i’m hoping Joshua, & yes very knew at the coin collecting, been saving them since a child, with age i find the coins very interesting at this point ,ill try and get a picture to you ! Thank You for your Time Sir.

    1. Hi, Cowie —

      Thank you for reaching out! My first advice is that you kindly do NOT clean your coins. That will only lower their value, and there is no way you’ll be able to enhance their appearance in a fashion where collectors or dealers will want to pay more for them!

      As for your 1958 penny with the unusual markings where the mintmark should be, would you please post a couple clear images of this coin? I would love to see what is going on so that I may help further…

      Thank you!
      Josh

  12. I think I got it looks close. https://uploads.disquscdn.com/images/1e943215d781e3ee3f284e9e8365df09e80 44280ae474c5dfb4fbb3c72e35655.jpg

    1. Hi, Travis —

      Unfortunately I don’t see any photo attached to this comment… Would you please re-upload it and also offer some more descriptive commentary so I can be of better help?

      Thanks!
      Josh

      1. 1958DDO?? https://uploads.disquscdn.com/images/7361c68df01bd165bbfbd165c75948f26ea2c048b58a42775770ef44cc2c8726.jpg https://uploads.disquscdn.com/images/027a8b997f556af56662e2093265595ba63314e5b5a204d0e7abe1ce25b7631b.jpg

        1. Hi, Travis —

          Unfortunately this isn’t the famous 1958 doubled die obverse cent…

          Best wishes,
          Josh

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