If you’ve got some wheat pennies stashed away, here’s what you need to know to spot this once-in-a-lifetime coin. 
Why Is This Penny Worth $1.5 Million?
This isn’t just any penny — it’s a true collector’s dream:
Extreme Rarity – Only 4–5 known coins exist worldwide.
Minting Error – The word “LIBERTY” is clearly doubled, visible to the naked eye.
Top Condition – The $1.5M specimen was graded MS-66 Red (PCGS).
Historic Value – Struck during the Great Depression, adding to its significance.
How to Spot a 1937 “Double Liberty” Penny
Want to know if you have one hiding in your collection? Here’s what to check:
Date: Must read 1937 with no mintmark (Philadelphia Mint).
LIBERTY Doubling: Look for bold shadow-like doubling on the word.
Condition: Coins with full red color, no fading, and minimal wear are worth the most.
Value by Condition (PCGS/NGC Certified)
Here’s how much your coin could fetch:
| Grade | Value Range  |
|---|---|
| MS-65+ RD | $1,000,000 – $1,500,000 |
| MS-64 RD | $500,000 – $800,000 |
| AU-58 | $100,000 – $250,000 |
| VF-20 | $25,000 – $50,000 |
Where Can You Find These Rare Pennies?
Collectors have discovered them in surprising places:
- Old bank coin rolls from the 1930s
- Inherited collections from family
- Estate sales & antique shops (Midwest & Northeast especially)
- Dealer “junk bins” (yes, it has happened!)
Selling Your Penny for Maximum Profit
If you’re lucky enough to find one, here’s how to cash in:
Get Certified – Only PCGS or NGC authentication guarantees top value.
Use Pro Photos – Clear, professional images attract serious buyers.
Auction It Right – Sell through major auction houses (like Heritage Auctions).
Plan for Taxes – Rare coins are subject to a 28% collectibles tax rate in the U.S.
