1938 [PROOF] Lincoln Wheat Penny — Coin Value
Lincoln Wheat PennyWhat the 1938 [PROOF] Lincoln Wheat Penny is worth — ungraded vs graded (MS62 / MS66).
1938 [PROOF] Lincoln Wheat Penny value — Ungraded $102 · MS62 $365. Prices updated August 2026.
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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 [PROOF] Lincoln Wheat Penny value
A raw (ungraded) 1938 [PROOF] Lincoln Wheat Penny runs around $102, a certified MS62 about $365, and a high-grade MS66 commands null.
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 | $102 | eBay sold comps |
| MS62 | $365 | eBay sold comps |
Frequently asked questions
- What is the value of an ungraded 1938 Lincoln Wheat Penny?
- An ungraded 1938 Lincoln Wheat Penny is currently valued at $103.
- How much is an MS62 graded 1938 Lincoln Wheat Penny worth?
- The MS62 condition for this 1938 Lincoln Wheat Penny fetches a price of $368.
- What series does this 1938 coin belong to?
- This coin is part of the Lincoln Wheat Penny series and was minted in the year 1938.