1938 Lincoln Wheat Penny — Coin Value
Lincoln Wheat PennyWhat the 1938 Lincoln Wheat Penny is worth — ungraded vs graded (MS62 / MS66).
1938 Lincoln Wheat Penny value — Ungraded $6 · MS62 $13 · MS66 $35. Prices updated August 2026.
Real sold prices per grade — the MS66 premium on this card is 5.8× raw.
Live on eBay right now
Which version do you have?
If you simply want a 1938 Lincoln Wheat Penny, buy the Standard version for $7. The PROOF version at $83 offers a higher quality presentation, typically in specialized packaging, which appeals to serious collectors. Casual owners should stick to the Standard for minimal cost. Those seeking display-grade condition or investment potential should pay the premium for the PROOF.
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Price data verified against · 1
Item details
- Series
- Lincoln Wheat Penny
- Year
- 1938
1938 Lincoln Wheat Penny value
A raw (ungraded) 1938 Lincoln Wheat Penny runs around $6, a certified MS62 about $13, and a high-grade MS66 commands $35.
What drives the price
Grade, mint mark, strike quality, and key dates drive coin value. Certified (slabbed) coins carry a premium over raw; low-mintage years and full-strike examples appreciate the most.
Price guide
What this actually trades for — sold values by condition vs. what sellers are asking today
| Condition | Value | Based on |
|---|---|---|
| Ungraded | $6 | eBay sold comps |
| MS62 | $13 | eBay sold comps |
| MS66 | $35 | eBay sold comps |
Frequently asked questions
- What is the starting price for an ungraded 1938 Lincoln Wheat Penny?
- The ungraded 1938 Lincoln Wheat Penny is available for purchase at a starting price.
- How much more valuable is an MS66 compared to an MS62?
- An MS66 1938 Lincoln Wheat Penny is valued at $33, compared to $13 for an MS62.
- What series does the 1938 Lincoln Wheat Penny belong to?
- This coin belongs to the Lincoln Wheat Penny series and is from the year 1938.