1972 1C Doubled Die Obverse, BN (Regular Strike)
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The 1972 1C Doubled Die Obverse, BN (Regular Strike) is a highly sought-after coin among collectors due to its rarity and fascinating minting error. Originating at the Philadelphia Mint, this penny is part of the Lincoln Cent series. The notable feature of this coin is the prominent doubling on the obverse side, particularly visible on the inscriptions "IN GOD WE TRUST," "LIBERTY," and the date "1972." This doubling occurred due to a misalignment during the minting process, making it a prime example of a doubled die variety.
The 1972 Doubled Die Obverse Lincoln Cent does not have a precise separate mintage figure because it was part of the regular production of cents for that year. However, what sets these apart is that only a fraction of the billions minted that year display the doubled die effect, making them particularly rare. The Philadelphia Mint lacked a mint mark at the time, distinguishing it from Denver and San Francisco minted coins.
From a numismatic standpoint, this error is cherished for its clarity and prominence, setting it apart from other minor doubling errors. Collectors value the 1972 Doubled Die Obverse for its significant visual doubling, which is easily identifiable without magnification.
In terms of value, its worth greatly varies based on its condition. In circulated grades, these coins can fetch around $150 to $300. However, in higher grades, such as MS65 or above, the value can soar to several thousand dollars. Notable sales include a specimen that graded MS67 RD, auctioned for over $14,000 due to its pristine condition and red-brown hue.
These coins are commonly listed in numismatic literature and are a favorite among error collectors. The PCGS Coin Number for this variety is 2929, placing it within a well-documented framework of historical and collectible importance. The market for the 1972 1C Doubled Die Obverse consistently reflects its rarity and collector interest, maintaining high demand in numismatic circles.