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1938

Small Cents · Lincoln Wheat Cents · 1909–1958
Regular
Weight3.11 g
Diameter19 mm
MintPhiladelphia
StrikeCirculation strike
Mintage 156,696,734
EdgePlain
Alignment↑↓ Coin
Composition95% Copper, 5% Tin & Zinc
DesignerVictor D. Brenner
Collector's Key IDCK-521

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About this coinHistory

The 1938 Lincoln cent from Philadelphia was produced in approximately 156.7 million coins. Common. The Munich Agreement was signed in September, and Europe was sliding toward the war that would begin the following year. The American economy was pulling out of the 1937-1938 recession.

Price guideReference

Reference data only — not an appraisal.

GradeDescriptionLowHigh
G-4 Good (G) $0.10 $0.15
VG-8 Very Good (VG) $0.15 $0.20
F-12 Fine (F) $0.25 $0.25
VF-20 Very Fine (VF) $0.30 $0.35
EF-40 Extremely Fine (EF) $0.80 $0.95
AU-50 About Uncirculated (AU) $1.50 $2
MS-60 Uncirculated (MS) $3 $3.50
MS-63 Choice Uncirculated (MS) $7.50 $8
Frequently Asked QuestionsFAQ
How much is a 1938 Lincoln Wheat Cent worth?
In Good condition it runs about $0.10–$0.15, rising to roughly $3–$3.50 in Uncirculated. These are reference values, not an appraisal.
How many 1938 Lincoln Wheat Cents were minted?
156,696,734 were struck.
What is a 1938 Lincoln Wheat Cent made of?
95% Copper, 5% Tin & Zinc, weighing 3.11 g.
What is the melt value of a 1938 Lincoln Wheat Cent?
Its melt value is its metal content multiplied by the current spot price. See our melt calculator on the metals pages for a live figure.
Is the 1938 Lincoln Wheat Cent a key date?
It's a more common date overall, though scarcer die varieties may carry a premium — see the varieties list.