1938 Lincoln Penny (S) Value

When it comes to American coinage, the 1938 Lincoln penny is like the celebrity of the numismatic world. Sure, Lincoln pennies are still rolling off the presses today, but it’s the ones from the 1930s and earlier that really get collectors buzzing. Whether they’re in mint condition or have seen better days, these coins are like catnip for enthusiasts.

On the front, you’ve got a striking profile of Abraham Lincoln. To his left, the word “Liberty” stands out, and on the right, the year 1938 is stamped for posterity. Above it all, “In God We Trust” is elegantly arched, as if to remind you that even your pocket change can be profound.

Flip it over, and the reverse side doesn’t disappoint. “United States of America” and “One Cent” take center stage, flanked by two wheat stalks that give a nod to the nation’s agricultural roots. And just to add a touch of class, “E Pluribus Unum” is perched above, because why not throw in a little Latin to keep things interesting?

Assessment of the 1938 Lincoln Cent

Oh, the 1938 Lincoln penny—a collector’s dream, or so they say. Apparently, the grade of this little copper disc is a big deal. So, for those who care, here’s the lowdown on what makes one of these pennies worth your time.

Uncirculated: This penny’s never seen the light of day in a cash register. It’s got that untouched, fresh-out-of-the-mint look, even if it’s lost a bit of its shine.

Extremely Fine: Almost perfect, but not quite. Expect a scratch or two, because nothing’s ever truly flawless, right? Still, it’s in pretty good shape.

Fine: This one’s been around the block. It’s got the usual wear and tear, but you can still make out the important bits.

Good: Well, this penny’s seen better days. It’s been through the wringer, with plenty of scratches and smoothed-out details to show for it.

Evaluating the Value of the 1938 Lincoln Penny

The nominal value of a 1938 Lincoln penny is determined by both its grade and type. Each year, up to three different types of Lincoln pennies were minted, which means that three coins of the same grade can possess varying values. To assist you in understanding the valuation of a 1938 Lincoln penny based on its type and condition, we have provided a chart below.

Good: $0.40
Fine:
$0.60
Extremely Fine:
$1.10
Uncirculated:
$3

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The Silverpicker Founder
Hey there! I'm the Silverpicker. I've been documenting my precious metals collecting journey on my YouTube channel for over a decade. I've been there, done that, and got multiple T-shirts. It's my firm belief that, with enough patience, you will make money from this hobby, and you will be successful.

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