1938 coin value is one of just a few dates through a premium in center worn condition. During the value process grading problem is an essential to just how much these room worth.

Adding come desirability space the branch mint arrays struck in 1938. Collecting by date and also mint mark is standard v collectors.

Further separating any kind of 1938 cent, is condition. Grading determines state that preservation. Reading the value chart highlights the prominence of specific judgement the grade. To compare to images showing step in stay separating every grade.


Steps leading to Value:

Step 1: Date and Mintmark variety – determine each date and its mintmark variety. It is a popular theme in the hobby.

You are watching: How much is a 1938 s penny worth

Step 2: Grading condition – Judge condition to recognize grade.Step 3: Special attributes – specific elements either improve or detract from value.
1938 Lincoln coin ValueCondition of CoinDateGoodFineExtremelyFineUncirculated
1938 Lincoln Penny value Up-Dated2021
1938$0.04 $0.04 $0.05 $6
1938 D$0.04 $0.04 $0.20 $6
1938 S$0.04 $0.04 $0.15 $4

A value procedure identifies three key factors: day | Mint note | Condition

Listings on the chart begin with Date and Mint note combinations. Close-up images assist identify and confirm the exactly variety.

Grading condition follows. A set of images showing a progression of wear help visualize the differences. Descriptions of important locations to referee helps enhance your coin to a grade. Every different mix of these determinants is noted on the worth chart.

Step 1: | Date and also Mintmark Combination

1938 - Three ranges to recognize

Collector demand forms the basic to 1938 penny value. Every three varieties are part of collections and greater condition examples are provided with higher premiums. Numerous each selection were produced, yet most gone into circulation, staying until heavily worn.

1938 Lincoln Penny

No Mintmark Under Date: Philadelphia Mint win the Coin


1938 Philadelphia variety cent is numerous on a rarity scale. Ample supply because that collectors in many grades, becoming less in lightly circulated and higher condition.

A greater value is listed in the exceptionally Fine grade. Condition is a major factor come value; the ties carefully with the eye appeal of the individual coin. Copper, given enough time and also poor storage conditions turns a dark brown, lessening visual appeal. A light brown to tan is provided on coins kept in favorable conditions.

1938-D Lincoln Penny

"D" Mintmark Under Date: Denver Mint to win the Coin


Lower mintage figures is common of branch mints, Denver highlight 20,010,000 pennies in 1938. Circulated coins space plentiful.

A standout coin is without wear or just slightly worn. Grading, the next step to value, identifies these. An overall view of her coin displaying Lincoln through a full separation the his cheek and jaw indicates an over average grade penny.

1938-S Lincoln Penny

"S" Mintmark Under Date: san Francisco Mint struck the Coin


San Francisco range cents of 1938 are well-known with collectors. They room an affordable date from the 1930"s representing a low production issue.

Demand native collectors raises worths in the exceptionally Fine grade and nicer coins. Examine the "LI" of "Liberty" to the left that Lincoln"s portrait. Full, sharp lettering is preferred by collectors and helps strengthen values. Faded and rolling increase the rim of lettering reduces desirability.

Step 2: | Judge problem to determine Grade

1938 Penny worth Tied come Condition

relying on grade - determined by the condition; value of your 1938 penny requires a range. Check out the photos of coins in various grades and also compare her coin come each. A close enhance when to compare the amount of detail and wear gives a an excellent indication that condition.

Begin the grading procedure with an as whole opinion the the coin. Satisfaction tones of tan and also brown are desired by collectors. Follow v comparing your coin come the images finding a condition match.


Uncirculated Grade: Vibrant luster shinning indigenous the surface indicate an Uncirculated - Mint State grade. No wear to any component of the coin confirms the grade.

Absence of any type of wear is an important to placing a coin in mint state grade. Highest locations prone to mirroring wear room Lincoln"s eyebrow and cheek just below his eye. Absence of any kind of smoothing or color change is important. Shade may deepen over his cheek however a texture regular with the eyebrow and forehead confirms the coin never circulated.

Strong well-defined details are provided on this mint state 1938 wheat penny. Details the the ridge developing his eyebrow room bold. A nice also red-gold shade is bright with luster including visual appeal.

Extremely well Grade: Of worth to collectors are early Lincoln cent from the 1930"s in lightly worn condition. Defining the extremely Fine great is irradiate wear confined to just the highest point of the design.

Judging the class inspects the entire coin and identifies the amount of wear come high points. Lincoln"s eyebrows and also cheek room raised above the field and also wear quickly. In incredibly fine grade tiny amounts of wear have actually flattened both the brows and also top the cheek. Importantly, a level of contour and separation remains specifying each.

Extremely good grade is a collectible problem of Lincoln pennies. A nice even color has toned the instance 1938-D cent a heat shade the brown, setup this coin except many. Eye very nice one of this coin is necessary to value and also appeal come collectors.

Fine Grade: Heavy stay is noticeable in the main areas the a wheat cent in fine grade. Condition along the external edges is generally less worn with significant details remaining.

Lincoln"s eyebrow still specifies a separation come his forehead. Cheek area below the eye is now level with a connection to brow. A holy place depression remains providing depth to his profile. Above the temple the forehead is start to end up being flat verses contoured.

A positive eye very nice one is presented by the instance wheat penny. No huge marks are discovered and solid legends and also date remain. Nicely toned, this coin is affordable come young and new collectors.

Good Grade: Heavy wear, continuous flat areas, and lack of minor details places a coin in the an excellent grade. Tools remain outlined, and clear day are visible.

Once complete of complex detail, Lincoln"s eyebrow and cheek area is currently a associated smooth surface. His eyebrow has linked with forehead and also continues come the hair line. Flatness extend to most of the coat and also shirt.

Copper regularly tones very deep colour of brown if left exposed come air. Lighter shades indicate this 1930"s wheat penny was protected. Preservation plus eye very nice one adds to value.

Video | Grading Lincoln Wheat Pennies

Old pennies tackled with care and also well preserved are sought by collectors. V subtle point out to condition separating worths Grading Lincoln Wheat Pennies examines the various grades using video clip and descriptions.

Step 3: | Special attributes Enhancing Value

1938 Penny worth | Future Potential

Viewing the worth chart in ~ the top of this page; 1938 pennies, of every varieties, are an affordable coin. A steady increase in worth as great improves. This value pattern is typical of numerous dates and also mints. However, looking at the entirety series, a distinct pricing framework doe emerge.

Three major Value periods in the Lincoln Wheat collection are identified

every coins date 1909 with 1933 are over minimum value in all grades incredibly fine grade division from minimum value 1934 through 1943 Mint State grade only over minimum worth 1944 with 1958

A 1938 penny fits in the middle pricing era 1934 to 1943. Access and scarcity tend to reflect in huge price changes from one grade come the next. Clean indications allude to incredibly fine as an elusive condition. Future value potential that a 1938 coin is in the extremely fine grade and also above. This fits nicely through collectors" preference seeking higher quality coins.

Set aside any wheat penny in greater than minimum worth condition. Future collections formed of this coins naturally appeal come a broader collector base.


US Mint. 1939 us Mint annual Report https://nnp.wustl.edu/library/publisherdetail/51

Coin values | gimpppa.org Articles



















































Lincoln Penny worth Chart

Lincoln Wheat cents span the year 1909 through 1958. From the top condition coins accumulated by advanced collectors come worn examples; come an affordable repertoire for young collectors, the variety of worth is extensive. Identify your date, mint and also condition and refer come the worth chart.

Coin Value overview | how to worth a Coin Collection

A step by step an approach combined v the coin worth online overview identifies exactly how to value a coin collection. Uncover how much your crate of old coins is worth.

★Coin Values exploration finds 1938 Penny value and...

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All united state coin values. Recognize your old coins making use of the image links leading to value charts. Day | Mintmark | problem are considered; all described and also imaged within every series. Surprising worth is often discovered in the smallest of detail.