Penny ValuePennies › Lincoln Wheat Cent › 1938 Proof
Lincoln Wheat cent · Philadelphia · Proof1938 Proof Wheat Penny Value
1938 Proof Lincoln Wheat Cent
Photo credits
National Numismatic Collection, National Museum of American History (photo: Jaclyn Nash) (PD; source).jpg){kind=link}
Value by condition
Penny Value estimate · values as of Q4 2026
By grade
| Grade | Brown | Red-Brown | Red |
|---|---|---|---|
| MS-60Mint State (Uncirculated) | $29.00 | $34.00 | — |
| MS-63Mint State (Uncirculated) | $41.00 | $48.00 | $89.00 |
| MS-65Mint State (Uncirculated) | $120 | $140 | $270 |
Values as of Q4 2026 · Penny Value estimate · based on 2 recorded sales · few sales, so treat it as a rough guide
Penny Value estimate, 2026-Q4, from public sale records, mintage and survival data. It isn't a price guide or an offer.
How Penny Value estimates values
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How to identify it
- Mirror-like fields and sharp, often frosted design; sold in proof sets
- Copper alloy (bronze), about 3.11 g
Specs
- Series
- Lincoln Wheat Cent
- Year
- 1938
- Mint
- Philadelphia (no mint mark)
- Strike
- Proof
- Mint mark
- Below the date, on the front
- Metal
- Bronze (95% copper, 5% tin and zinc)
- Weight
- 3.11 g
- Mintage
- 14,734
Source: Wikipedia - Designer
- Victor David Brenner
Other 1938 pennies
- 1938Philadelphia · 156.7 million made7.5¢worn$3.50MS-60
- 1938-DDenver · 20 million made7.5¢worn$1.50MS-60
- 1938-SSan Francisco · 15.2 million made7.5¢worn$1.50MS-60
1938 penny values · Every Lincoln Wheat Cent · Penny value chart