Ungraded vs MS66 1938 S Lincoln Wheat Penny: price difference
1938 S Lincoln Wheat Penny value — Ungraded $8 vs MS66 $35. MS66 sells for 4.38× Ungraded (+338%). Prices updated August 2026.
Medians of real sold listings per grade, updated August 2026 — how we compute values.
MS66 sells for 4.38× (+338%) the Ungraded price — a $27 difference per coin.
MS66 sells for 2.19× (+119%) the MS62 price — a $19 difference per coin.
Should you get this coin graded?
Grading runs about $30 per coin all-in. On 1938 S Lincoln Wheat Penny, the jump from Ungraded to MS66 is worth $27 (4.38×) — at today's prices that doesn't cover the fee — grading this one is for the collection, not the flip. A grade below the top one changes the math, so run your exact numbers first.
Run the grading break-even math →Values are estimates from real sales data — not appraisals or offers. Some links earn JunkPal a commission at no cost to you (disclosure).