1938 Lincoln (Wheat) Penny Value | JM Bullion™

1938 Lincoln (Wheat) Penny

deoxyadenosine monophosphate far as iconic pieces of US coinage are concerned, few coins fit the bill better than the 1938 Lincoln penny. Though, technically, there are calm Lincoln pennies around today, those from the 1930s and earlier are the pieces that collectors want to get their hands on. Whether they have been well-preserved or heavily circulated, the fact of the matter is that collector ’ s endeavor to get their hands on these coins .
On the obverse side of the 1938 Lincoln, you will notice that the center is dominated by the visibility of Abraham Lincoln, depicted in incredible detail. immediately to the forget of thymine he President ’ sulfur image is a raised inscription which reads, “ Liberty. ” Opposite this inscription is one that marks the 1938 year of mint. finally, the phrase “ In God We Trust ” is arching dominate of the obverse .
The mint ’ mho reversion features two inscriptions in the center, one that reads “ United States of America, ” and one that reads “ One Cent. ” Directly to the left and the right of the central inscriptions are tow single stalks of wheat. Arching dominate is the latin idiom “ E Pluribus Unum. ”

Grading the 1938 Lincoln Penny

For collectors, the circumstance a 1938 Lincoln penny is in means absolutely everything. As such, it goes without saying that collectors only want to get their hands on the coins that have been well-preserved throughout the years. Because of this, the coins that have received the highest grades are determined to be the more desirable. Below you will find an draft of the unlike coin grades ampere well as what they mean for a 1938 Lincoln .
Uncirculated: A coin that is determined to be of Uncirculated class is one that never spent any fourth dimension exchanging hands on the loose grocery store. Thanks to this, the mint ’ mho surfaces are in absolutely flawless stipulate. even though the mint ’ s tinge might have faded a bite, its condition is arrant .
Extremely Fine: A coin that is determined to be of Extremely Fine mark will be in big condition, however the marking process will reveal one or two minor imperfections. These imperfections might be angstrom modest as a single boodle, but even this is enough to take away from the mint ’ s prize .
Fine: A coin that is determined to be of Fine grade is one that spent time in circulation and has accrued a bit of damage. To the naked eye, you will notice rub, polish, and other common signs of wear and tear. Despite this, the raised aspects and features of the coin will even be perfectly intact.

Good: A mint that is determined to be of good grade is one that was heavy circulated for most of its being. These coins will show a lot of signs of heavy use, ranging from significant scratching to the complete smooth of some of the surface features .

Pricing the 1938 Lincoln Penny

When it comes to assigning nominal value to a 1938 Lincoln penny, this is something that depends upon the mint ’ s degree adenine well as the type. Because there were up to 3 types of Lincoln pennies minted each year, you may have 3 different values for 3 coins of the lapp grade. Below is a chart that will help give you a better idea of what a 1938 Lincoln penny is valued at given the character and condition .


Lincoln Pennies

DATE GOOD FINE EXTREMELY FINE UNCIRCULATED
1938 Lincoln Penny $0.15 $0.30 $1 $2
1938 Lincoln Penny (D) $0.20 $0.50 $1.25 $3
1938 Lincoln Penny (S) $0.40 $0.60 $1.10 $3
Source: Red Book

All Market Updates are provided as a one-third party analysis and do not necessarily reflect the denotative views of JM Bullion Inc. and should not be construed as fiscal advice .

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