Surprising Discovery: 1972 Doubled Die Penny Found in a Fishing Tackle Box
A surprising treasure emerged from an unlikely place when a 1972 doubled die Lincoln penny was discovered inside an old fishing tackle box. The owner, sorting through gear inherited from a late relative, was shocked to find the coin stashed away in a rusted Altoids tin among spare hooks and sinkers.
While most coins found in tackle boxes are considered junk, this one was different: its distinctive doubling on the date and lettering quickly drew the attention of numismatic experts. What began as a weekend garage cleanout has now turned into a potential five-figure payday, with collectors already expressing serious interest.
This particular penny is part of a rare error known as “Doubled Die Obverse (DDO),” a type of minting error where the coin is struck twice with slight misalignment, resulting in clearly visible duplication—especially on the date and inscriptions like “LIBERTY” and “IN GOD WE TRUST.” In the world of rare coins, this is a prized variety.
What Is a 1972 Doubled Die Penny?
The 1972 doubled die penny is one of the most famous and desirable error coins among Lincoln cents. There are a few different varieties of doubled dies from that year, but Type 1 is by far the most valuable and easiest to identify. This error occurred when the coin die itself was struck twice at the Mint during the production process—but slightly misaligned—resulting in doubled features on the obverse (front) of the coin.
What makes the Type 1 variety stand out is the strong, clear doubling seen in the date (1972), the word “LIBERTY,” and “IN GOD WE TRUST.” These are not subtle or minor errors—you can spot the doubling with the naked eye. This kind of error affects only a limited number of coins, making survivors especially valuable if they’re in good condition. For collectors, this coin is high on the Lincoln cent rarity list.
How Much Is a 1972 Doubled Die Penny Worth?
Depending on its condition, a 1972 doubled die penny can be worth hundreds to thousands of dollars. Circulated examples typically fetch $300 to $500, but coins in higher grades can command far more. If the coin is in uncirculated, mint state condition (MS-60 or higher), it could sell for $1,000 to $3,000—sometimes more at auction. In 2021, a certified MS-66 Red specimen sold for over $14,000 at auction.
The value is influenced by a few factors:
- Overall condition (no scratches, stains, or wear)
- Color (Red coins are worth more than Brown or Red-Brown)
- Authentication and grading by PCGS or NGC
- Demand at the time of sale
If the tackle box penny is in good shape and receives a favorable grading, the finder could be in for a lucrative surprise.
Why Do These Coins End Up in Unexpected Places?
It’s not uncommon for rare coins to turn up in unexpected spots like junk drawers, toolkits, or—as in this case—fishing tackle boxes. Sometimes people stash coins away after hearing they might be valuable but forget about them. Other times, someone may have kept it simply because it “looked odd” or “different,” without realizing its true value.
The 1972 doubled die penny gained public attention after being featured in coin magazines and collector guides, but many people still don’t know what it looks like. That’s why it pays to inspect every coin you come across, especially older pennies. A quick glance at the date and lettering could reveal a hidden numismatic gem. This latest discovery is a perfect reminder that valuable error coins can be hiding in plain sight—or even in your tackle box.
FAQs
Q1: How do I know if I have a 1972 doubled die penny?
Look for clear doubling on the date, “LIBERTY,” and “IN GOD WE TRUST.” Type 1 has bold, visible duplication easily seen without a magnifier.
Q2: Are all 1972 pennies valuable?
No, only specific doubled die varieties are worth significant money. Regular 1972 pennies are only worth face value unless in mint condition.
Q3: Should I get my penny graded?
Yes—if you suspect it’s a doubled die variety and it’s in good shape, getting it graded by PCGS or NGC can greatly increase its resale value.
Q4: How many 1972 doubled die pennies were made?
It’s estimated that about 250,000 of the Type 1 doubled die pennies were struck, though far fewer survive in top condition today.
Conclusion: A Lucky Catch for the Ages
The discovery of a 1972 doubled die penny in a fishing tackle box is not just a fun story—it’s a reminder of the hidden treasures that surround us. Whether it’s a family heirloom, a coin jar, or an old box in the attic, there’s always a chance that something ordinary-looking might be extraordinary in value. For collectors and casual coin enthusiasts alike, this tale is further proof that sometimes, the biggest catches aren’t in the lake—they’re already in the box.