Ungraded vs MS66 1938 S Lincoln Wheat Penny: price difference
1938 S Lincoln Wheat Penny value — Ungraded $12 vs MS66 $30. MS66 sells for 2.5× Ungraded (+150%). Prices updated September 2026.
Medians of real sold listings per grade, updated September 2026 — how we compute values.
MS66 sells for 2.5× (+150%) the Ungraded price — a $18 difference per coin.
MS66 sells for 1.88× (+88%) the MS62 price — a $14 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 $18 (2.5×) — 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).