1947 Lincoln Wheat Penny obverse and reverse showing Lincoln portrait and wheat stalks

The 1947 Wheat Penny Value Guide: From 5¢ to $26,400

A 1947-S wheat penny in MS-68 Red sold for $26,400 at Heritage Auctions in January 2025 — the highest price ever realized for any 1947 Lincoln cent. Most circulated examples are worth just 15–35 cents, but the right error or grade can change everything. Use this free guide to find out exactly where your coin stands.

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$26,400
Top auction sale (1947-S MS-68 RD, Heritage 2025)
484M+
Total coins struck across all three mints in 1947
5
Major error & variety types documented for this date
75+
Years since minting — most red examples have oxidized

Is Your 1947 Penny a Valuable DDO?

The 1947 Doubled Die Obverse (FS-01-1947-101) is the most sought-after error variety of the year. Check the comparison below, then use the checklist to see if your coin matches.

Comparison of normal 1947 wheat penny versus DDO FS-101 doubled die obverse, showing doubling on LIBERTY and IN GOD WE TRUST
Common — Normal Die

Clean, single impression on all lettering

Letters in LIBERTY, IN GOD WE TRUST, and the date are crisp and single. No shelving or secondary images visible even under 10× magnification. Most 1947 pennies look like this and are worth under $1 in circulated grades.

— vs —
Rare — DDO FS-101 ($300 – $3,000+)

Clear doubling shifted left on LIBERTY, date & motto

Under a 10× loupe, the lettering in LIBERTY, IN GOD WE TRUST, and the date shows a distinct secondary impression shifted to the left. Lincoln's eye and vest show matching doubling. This is a hub-doubled die, not machine doubling — the images are fully separated, not mushed.

Run through the 4-point checklist:

Describe Your 1947 Penny for a Detailed Assessment

Not sure what you have? Describe your coin in plain language and we'll analyze it against known 1947 wheat penny characteristics.

Mention these things if you can:
  • Mint mark (D, S, or none)
  • Color (red, orange, brown)
  • Doubling on LIBERTY or date
  • Any off-center or tilted image
Also helpful:
  • Visible cracks or die breaks
  • Peeling or flaking surface
  • Shadow S or double mint mark
  • Overall surface preservation

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Step 1 of 3 — Mint Mark

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Step 2 of 3 — Condition

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Step 3 of 3 — Errors & Varieties

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Valuable 1947 Wheat Penny Errors

While most 1947 wheat pennies are common coins worth a few cents, a handful of documented error varieties command significant premiums. The five varieties below are the most actively sought by error specialists. Examine your coin carefully under good lighting and 10× magnification before concluding it's ordinary.

1947 wheat penny DDO FS-101 doubled die obverse showing clear doubling on LIBERTY and date under magnification

1947 Doubled Die Obverse (DDO) FS-101

MOST VALUABLE $300 – $3,000+

The 1947 Doubled Die Obverse is the crown jewel of 1947 Lincoln cent varieties and the error most likely to transform a common coin into a meaningful numismatic find. It is cataloged as FS-01-1947-101 in the Cherrypickers' Guide to Rare Die Varieties, the definitive reference for hub-doubled cents. The error occurred during the hubbing process at the Philadelphia Mint, where the working die received two impressions from the master hub that were slightly misaligned, imparting a doubled image permanently into the die steel.

Visually, the doubling is unmistakable under 10× magnification. The letters of LIBERTY and the motto IN GOD WE TRUST each show a distinct secondary impression shifted to the left of the primary image. The date — each individual digit — also shows clear doubling. Critically, Lincoln's eye and the front edge of his coat and vest also bear the doubled image, confirming a true rotated-hub double die rather than mere mechanical doubling or die deterioration.

Collector demand for the 1947 DDO FS-101 is strong because it represents one of the most visually dramatic cent varieties of the decade. A Heritage Auctions sale in November 2023 recorded a 1947 DDO graded MS-66 selling for $660, while an MS-64 example brought $302 in April 2023 at Heritage. Top gem examples in MS-67 have surpassed $3,000. Even circulated examples in Fine-VF grade carry premiums of $100 or more over common 1947 cents.

How to spot it

Under a 10× loupe, check LIBERTY and the date for a clearly separated secondary impression shifted to the left. Confirm with Lincoln's eye and vest — both should also show doubling. Machine doubling (worthless) looks smeared or shelf-like; true hub doubling shows fully separated letter outlines.

Mint mark

No mint mark (Philadelphia Mint only). The DDO FS-101 has not been documented in Denver or San Francisco die pairings for this date.

Notable

Cataloged as FS-01-1947-101 in the Cherrypickers' Guide (CONECA designation). An MS-66 example sold at Heritage Auctions in November 2023 for $660; an MS-64 example sold at Heritage in April 2023 for $302. Values jump sharply above MS-65 RD.

1947-S wheat penny repunched mint mark S over S showing secondary S impression below primary mint mark

1947-S/S Repunched Mint Mark (RPM) FS-504

MOST FAMOUS $50 – $1,350+

The 1947-S/S Repunched Mint Mark is one of the most fascinating and heavily studied RPM varieties in the entire Lincoln cent series. Before modern computerized hub-punching, mint engravers manually struck each die with a separate mint mark punch — a process requiring multiple blows. When those blows landed at slightly different positions or angles, a repunched mint mark was born. The 1947-S/S, cataloged as FS-01-1947-S-504, is extraordinary because it involves two distinctly different punch types used on the same die.

The primary S is a "sans-serif" style punch, while the secondary — earlier — impression shows a "trumpet-tail" S, a visibly different letterform. The second S appears below the primary and is partially visible, creating an unusual layered appearance that stands apart from typical same-punch RPM varieties. Under 5× to 10× magnification, collectors can clearly discern both the style difference and the positional offset between the two impressions.

The scarcity of high-grade, fully attributed examples drives the premium for this variety. A 1947-S/S MS-67 RD example has sold for $1,350, making it a significant find in gem condition. Lower circulated grades typically trade between $50 and $200 depending on the clarity of the repunching and the coin's overall preservation. The unusual two-punch-style feature means that attribution is straightforward once a collector knows what to look for, making it a favorite among Cherrypickers' Guide enthusiasts.

How to spot it

Examine the S mint mark under 5× to 10× magnification. Look for a secondary S impression below the primary. Unlike standard RPMs, the lower impression uses a "trumpet-tail" S style that differs visibly from the primary "sans-serif" S — a key diagnostic that distinguishes it from common die deterioration.

Mint mark

S (San Francisco Mint) only. This RPM does not exist on Philadelphia or Denver issues. Both the primary and secondary S marks are at the standard position below the date.

Notable

Cataloged as FS-01-1947-S-504 in the Cherrypickers' Guide. Unique because two different S punch styles were used. A 1947-S/S example graded MS-67 RD has sold for $1,350. Lower grades regularly bring $50–$200 depending on RPM clarity and overall coin preservation.

1947 wheat penny off-center strike error showing partial design and crescent-shaped blank area with date still visible

1947 Off-Center Strike Error

RAREST FINDS $30 – $300+

Off-center strikes occur when a planchet enters the striking chamber without being fully seated within the retaining collar, causing the dies to contact only a portion of the blank. The resulting coin displays a crescent-shaped area of bare copper where the design was never impressed, while the struck portion shows the Lincoln portrait and wheat reverse in their normal form. On 1947 pennies, off-center strikes range from minor 5–10% misalignments to dramatic 50%+ shifts where nearly half the coin is blank.

The critical diagnostic for collectible value is whether the date — 1947 — remains fully visible. Without a complete, readable date, off-center cents are worth significantly less because they cannot be attributed to a specific year. Collectors strongly prefer examples where the date reads clearly despite the misalignment, as these can be positively identified as 1947 cents rather than undated errors. The degree of off-centering, expressed as a percentage of the coin's diameter, directly governs the premium.

Minor off-center strikes in the 5–15% range bring only a modest premium of $30–$50 over a common circulated 1947 cent. Examples showing 20–40% misalignment with a full visible date are far more desirable, typically trading at $100–$200. Dramatic strikes with 50%+ offset and date visible are scarce and can reach $300 or more. Examples from the San Francisco Mint carry a slight additional premium given the lower overall mintage of 1947-S cents.

How to spot it

The coin will visibly show a partial design with a blank crescent on one or more sides — no magnification needed. Measure the blank area relative to total coin diameter to estimate percentage. Date visibility is paramount: use a loupe to confirm all four date digits (1-9-4-7) are fully readable before attributing value.

Mint mark

P, D, and S issues — all three mints can produce off-center strikes. San Francisco (S) examples carry a slight additional premium due to lower 1947-S base mintage of 99 million coins.

Notable

Off-center cents are popular with error collectors across all series. Value scales with the degree of offset: 5–15% adds $30–$50; 20–40% with date visible reaches $100–$200; 50%+ with full date can exceed $300. Strike quality and color designation also affect realized prices at auction.

1947 wheat penny die crack BIE error showing raised line between B and E of LIBERTY on obverse

1947 Die Crack & BIE Error

BEST KEPT SECRET $5 – $75+

Die cracks are raised lines or ridges that appear on finished coins when the steel die used to strike them develops a fracture during the coining process. As the die continues to be used after cracking, the raised metal flows into the crack with each strike, depositing a raised line on every subsequent coin. On Lincoln cents of this era, die cracks were common because dies were used until they were heavily worn before being retired, often resulting in multiple generations of coins struck from degraded die steel.

The most collectible specific die crack variety on 1947 pennies is the "BIE" error — a vertical die crack that runs between the letters B and E in LIBERTY, creating a raised vertical line that resembles the capital letter "I." This gives the illusion that LIBERTY reads "LIBIERTY," though of course it does not. BIE errors are a recognized collecting specialty with a dedicated following. They occur most frequently on Denver Mint cents of this era because the Denver operation pushed dies to higher usage before replacement. A large rim "cud" — where a piece of the die broke away leaving a raised blob at the rim — is a more dramatic and more valuable die failure.

Minor die crack examples with a thin raised line add a modest $5–$15 premium over a common 1947 cent. A well-defined BIE error between B and E of LIBERTY adds $25–$75 depending on grade and definition. Significant rim cuds — especially large, well-defined examples — can reach $50–$100 or more for high-grade specimens. These are entry-level error coins that attract beginning collectors and are a great introduction to the error collecting specialty without a large financial commitment.

How to spot it

Under a 10× loupe, examine LIBERTY for a raised vertical line running between the B and E. The line should be raised above the coin surface (die crack = raised metal on coin), not incuse. Also check the rim for blob-like raised protrusions (cuds) where the die edge fractured and broke away during striking.

Mint mark

D (Denver) mint cents show the highest frequency of BIE and die crack errors for 1947, reflecting Denver's die usage policy. P and S issues exist but are less commonly encountered in this variety category.

Notable

BIE errors are a recognized Lincoln cent collecting specialty. Minor die cracks add $5–$15 over base value; clear BIE errors add $25–$75; prominent rim cuds on 1947-D examples have sold for $50+. Large cuds especially on high-grade examples attract strong specialist bidding at auction.

1947 wheat penny lamination error showing peeling surface layer and delaminated area of copper planchet

1947 Lamination Error

MOST INTERESTING $10 – $100+

Lamination errors arise from impurities or gas pockets within the bronze planchet blank before striking. When the alloy is not perfectly homogeneous — whether from entrapped gas, foreign metallic inclusions, or improper alloying — the surface can delaminate: peeling, cracking, or flaking away from the coin's core. The 1947 wheat penny returned to the original tin-containing bronze alloy (95% copper, 5% tin and zinc) after the wartime "shell case" cents of 1944–1946, and the reintroduction of tin created additional alloying variables that could promote lamination failures.

Lamination errors manifest in several ways: a surface crack running parallel to the planchet surface (a "pre-strike lamination"), a peeled or missing section of the coin face showing the underlying bare copper beneath, or a coin where a large flap of metal partially separated but remains attached. The most visually dramatic — and most valuable — are those where the flap is still attached and clearly shows the separation between layers, making the planchet defect unambiguous. Missing-layer laminations that occurred pre-strike will show design elements on both the surface and the exposed base.

Minor lamination cracks that don't affect major design elements add $10–$20 in numismatic premium. A more dramatic peel or missing section, clearly showing the delamination without damaging the core design, can bring $30–$75. The most dramatic retained-flap laminations on high-grade, clearly struck 1947 cents can reach $100 or above. These are genuine mint errors that passed quality control and are considered authentic by all major grading services including PCGS and NGC, which will certify and attribute them.

How to spot it

Look for surface peeling, visible cracks running parallel to the coin face, or missing sections of the coin's surface layer. Under a 10× loupe, the boundary between the intact surface and the delaminated area should show a clean edge. Do not confuse with post-mint damage: lamination edges are typically smooth and rounded, while damage shows sharp angular breaks.

Mint mark

P, D, and S issues are all susceptible to lamination errors. The 1947 return to tin-containing bronze after wartime zinc-only cents created alloy inconsistency at all three mints that could produce lamination failures.

Notable

PCGS and NGC both certify and attribute lamination errors as genuine mint errors. Minor surface cracks add $10–$20; dramatic peel or missing-layer errors bring $30–$75; retained-flap examples with clear separation can exceed $100. Dramatic examples are popular as educational pieces and entry-level error coins.

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1947 Wheat Penny Value Chart at a Glance

The table below covers all major varieties across four condition tiers. Values represent typical market ranges — individual coins may sell above or below based on color designation (BN/RB/RD), strike quality, and auction timing. For a complete illustrated in-depth 1947 wheat penny identification walkthrough, including photo references for each condition tier, see that dedicated reference guide.

Variety Worn (G–VG) Circulated (F–AU) Uncirculated (MS-60–64) Gem (MS-65+ RD)
1947 (Philadelphia) $0.10 – $0.30 $0.30 – $4 $1 – $20 $16 – $2,250+
1947-D (Denver) $0.10 – $0.30 $0.30 – $4 $1 – $20 $13 – $277+
1947-S (San Francisco) $0.10 – $0.35 $0.35 – $4 $1 – $25 $18 – $26,400
1947 DDO FS-101 ★ $100 – $200 $200 – $500 $500 – $1,500 $1,500 – $3,000+
1947-S/S RPM FS-504 $20 – $75 $50 – $200 $200 – $600 $600 – $1,350+

★ = Signature variety | Gold highlight = DDO signature variety | Red highlight = Top auction record variety. Values based on PCGS Price Guide data and Heritage Auctions results (January 2025).

🪙 CoinHix lets you photograph your 1947 penny and instantly cross-reference its color designation and grade against current market pricing — a coin identifier and value app.

Historic San Francisco Mint facility photograph circa 1947 representing the three mint locations that struck 1947 Lincoln wheat pennies

1947 Wheat Penny Mintage & Survival Data

Mint Mint Mark Mintage MS-65+ RD Value Range Top Auction Record
Philadelphia None 190,555,000 $16 – $2,250+ $21,600 (MS-67+ RD, Heritage Jan 2025)
Denver D 194,750,000 $13 – $277+ $18,000 (MS-67+ RD, Heritage Dec 2022)
San Francisco S 99,000,000 $18 – $26,400 $26,400 (MS-68 RD, Heritage Jan 2025)
Total (All Mints) 484,305,000
Composition & Specifications: 95% copper, 5% tin and zinc (bronze) · Weight: 3.11 g · Diameter: 19 mm · Edge: Plain (smooth) · Designer: Victor D. Brenner (obverse) / Victor D. Brenner (reverse) · Series: Lincoln Wheat Cent (1909–1958) · No proof coins were struck for this date. The 1947 composition restored the original pre-war tin-containing bronze after the wartime zinc-only "shell case" cents of 1944–1946.

Despite the large combined mintage of 484 million coins, high-grade Red (RD) specimens are genuine condition rarities. Copper oxidizes steadily over time, converting most survivors from bright orange-red to brown within decades. Of the tens of millions of 1947 cents that still exist, only a tiny fraction retain enough original luster to qualify for the RD designation. PCGS has certified only one 1947-S at MS-68 RD — the single finest known — illustrating how even a 99-million-coin mintage can yield extreme rarity at the top of the grade scale.

How to Grade Your 1947 Wheat Penny

1947 wheat penny grading strip showing four coins in Worn, Circulated, Uncirculated, and Gem Red conditions from left to right

Worn (Good G-4 to VG-8): $0.10 – $0.35

Heavy circulation has smoothed away the fine details. Lincoln's hair above the ear merges with the field, the cheek and jaw are flat, and the wheat stalks on the reverse show only the main outlines. The date and legend remain readable. Coins in this grade are collected primarily for type sets, not for high value.

Circulated (Fine F-12 to AU-55): $0.35 – $4

Some detail remains in Lincoln's hair and ear, and the wheat stalk parallel lines at the tips are partially visible. About Uncirculated (AU) examples show only slight wear on the highest points — Lincoln's cheek, jaw, and the wheat tips — and may retain traces of original luster in the recessed areas. Color is brown throughout.

Uncirculated (MS-60 to MS-64): $1 – $25

No wear from circulation, but bag marks and contact marks from mint bags are present and visible to the naked eye. Color ranges from Brown (BN) through Red-Brown (RB). Full Red (RD) examples in this grade range show mostly original orange luster. Well-struck examples with strong details command premiums over weakly struck counterparts.

Gem Red (MS-65 to MS-68 RD): $16 – $26,400

Blazing original mint-red luster with no wear and minimal contact marks — only a handful of tiny, non-distracting marks are permitted at MS-65. MS-67 requires the coin to be virtually flawless to the naked eye with nearly perfect strike and luster. The single PCGS-certified 1947-S MS-68 RD sold for $26,400, demonstrating the extreme premium for top-population condition rarities.

Pro Tip — Color Designation Is Everything: For 1947 wheat pennies, the difference between a Brown (BN) and a Red (RD) coin in the same numerical grade can be a 5× to 50× value multiplier. Before submitting to PCGS or NGC, examine your coin under natural daylight or a true-color LED light. If 95% or more of the surface shows original orange-copper luster, it may qualify for the coveted RD designation. Avoid touching the coin surfaces — skin oils accelerate oxidation and can permanently reduce color designation potential.

📱 CoinHix can match your 1947 penny against graded reference examples to help you estimate its condition tier before you invest in professional certification — a coin identifier and value app.

Where to Sell Your Valuable 1947 Wheat Penny

The right venue depends heavily on your coin's grade and whether it has been professionally certified. A common circulated example belongs in a different market than a gem-red or error coin.

🏛️ Heritage Auctions

The best choice for gem-grade (MS-65+) or certified error coins. Heritage has realized the highest prices for 1947 wheat pennies, including the $26,400 record for the 1947-S MS-68 RD. Their numismatic-specialist buyer pool routinely pushes top-population coins above price guide values. Expect a seller's commission (typically 10–15%) but also expect the best net result for premium coins.

📦 eBay

Ideal for circulated examples and lower-grade uncirculated coins that don't justify auction house fees. Review recent sold listings showing completed 1947 wheat penny prices before setting your asking price. Filter to "Sold Items" to see real transaction data, not asking prices. Certified PCGS/NGC slabs sell significantly faster and at stronger prices than raw coins on eBay.

🏪 Local Coin Shop

Convenient for quick, in-person transactions on common circulated 1947 pennies. Expect to receive 50–70% of retail value — dealers must mark up for profit. Best for lots of circulated wheat cents where the time and shipping costs of an online sale don't make financial sense. Get quotes from at least two shops before selling.

💬 Reddit (r/Coins4Sale)

A peer-to-peer marketplace with zero fees and a knowledgeable audience. Well-suited for mid-range raw uncirculated examples or attributed error coins. Buyers here often pay closer to retail than a coin shop would offer. Requires clear photos and honest descriptions; a history of positive transactions builds trust quickly.

💡 Get It Graded First — For Any Coin Worth $50+

Professional third-party grading by PCGS or NGC dramatically increases buyer confidence and realized prices. The grading fee (starting around $30–$65 per coin for standard service) is worth it for any uncirculated or error coin where the premium over a raw example exceeds the fee. A PCGS MS-65 RD label turns a subjective description into a certified, tradeable commodity that the entire numismatic market trusts.

1947 Wheat Penny FAQ

How much is a 1947 wheat penny worth?

Most 1947 wheat pennies in circulated condition are worth between $0.05 and $0.35 depending on their grade. Uncirculated examples with original red color (RD) range from about $8 to $125 for typical grades (MS-60 to MS-66). At the very top, a 1947-S MS-68 RD sold for $26,400 at Heritage Auctions in January 2025, demonstrating the enormous premium for condition rarities in this series.

What is the most valuable 1947 wheat penny?

The most valuable 1947 wheat penny is the 1947-S in MS-68 Red (RD) grade. Only one PCGS-certified example is known at that grade, and it sold for $26,400 at Heritage Auctions on January 19, 2025. The 1947 (Philadelphia) MS-67+ RD is a close second, with just three PCGS examples certified, one of which sold for $21,600 at Heritage Auctions the same month.

What does the doubled die obverse error look like on a 1947 penny?

The 1947 Doubled Die Obverse (DDO), cataloged as FS-01-1947-101, shows clear doubling on the motto 'IN GOD WE TRUST,' the date, and the word 'LIBERTY.' Lincoln's eye and vest also show doubling. The secondary impression is shifted to the left of the primary image. Examine the coin under a 10x loupe or magnifier for these telltale signs. Values for this variety range from around $300 in circulated grades to over $3,000 in gem uncirculated.

How do I tell a 1947 Philadelphia, Denver, or San Francisco penny apart?

Look at the obverse (front) of the coin just below the date. Philadelphia coins (1947) have no mint mark. Denver coins (1947-D) show a small 'D.' San Francisco coins (1947-S) show a small 'S.' All three mint marks are located at the same position on the die, just below and to the right of the date. Philadelphia had the second-highest mintage while Denver struck the most coins that year.

What is the 1947-S/S repunched mint mark?

The 1947-S/S Repunched Mint Mark (RPM), cataloged as FS-01-1947-S-504 in the Cherrypickers' Guide, shows two 'S' impressions where the engraver used two different punch styles — a 'trumpet-tail' S and a 'sans-serif' S — at slightly different positions. Look for a shadow or secondary S below the primary S. A 1947-S/S MS-67 RD example has sold for $1,350, while lower grades typically trade from $50 to $200.

Why does the color of a 1947 wheat penny affect its value so much?

Copper oxidizes over time, turning from bright orange-red to red-brown and finally brown. Grading services like PCGS and NGC assign color designations: Red (RD), Red-Brown (RB), and Brown (BN). A fully red coin retained its original mint luster for over 75 years — an extraordinary feat — and commands a huge premium. For a 1947 penny, a Red example in MS-65 is worth roughly 5 times the equivalent Brown coin in the same grade.

How many 1947 wheat pennies were minted?

The three U.S. mints produced a combined 484,305,000 wheat pennies in 1947. Philadelphia struck 190,555,000 (no mint mark), Denver struck 194,750,000 (D mint mark), and San Francisco struck 99,000,000 (S mint mark). Denver had the highest mintage of the three. Despite these large numbers, high-grade Red specimens are condition rarities because most coins oxidized or were lost over the past 75-plus years.

Is the 1947 wheat penny made of silver?

No. The 1947 wheat penny is made of bronze: 95% copper, 5% tin and zinc. This composition was restored in 1947 after the wartime 'shell case' pennies of 1944–1946 (which contained no tin). There were no silver wheat pennies minted in 1947. If your 1947 penny appears silver-colored, it has likely been plated, cleaned, or altered — which reduces its collector value significantly.

What is a lamination error on a 1947 wheat penny?

A lamination error occurs when contaminants or gas pockets in the bronze planchet cause the surface to peel, crack, or flake. Since 1947 pennies returned to a tin-containing bronze alloy, the alloy composition created conditions ripe for lamination flaws. Minor lamination errors add a small premium ($10–$75), while dramatic splits that retain both layers and clearly show the delamination are more valuable to error collectors.

Should I clean my 1947 wheat penny before selling it?

Never clean a 1947 wheat penny or any collectible coin. Cleaning removes the original surface patina, destroys the coin's natural luster, and leaves hairline scratches that are immediately obvious to graders and experienced collectors. A cleaned coin receives a 'details' designation from PCGS or NGC and is worth significantly less than an unaltered example in the same apparent grade. Leave your coin exactly as you found it.

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