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Answered 2010-07-19 00:35:58
Updated1938 is not a rare date for Lincoln pennies. Look on the front of the coin to see if there's a small mint mark letter below the date. It may be blank or there may be a D or S.

Numismedia lists the following approximate retail values as of 07/2010:

No mint mark (Philadelphia):

Very worn condition - $0.07

Moderately worn - $0.18

Slightly worn - $0.26

Almost no wear - $1.20

Uncirculated - $3.16 to $36.25 depending on quality

"D" mint mark (Denver):

Very worn - $0.17

Moderately worn - $0.40

Slightly worn - $0.75

Almost no wear - $1.10

Uncirculated - $4.89 to $25.00

"S" mint mark (San Francisco):

Very worn - $0.25

Moderately worn - $0.38

Slightly worn - $0.55

Almost no wear - $1.10

Uncirculated - $3.16 to $35.00

1938 with no mint mark in very good condition is worth $.10, uncirculated is worth $6.00, proof is worth $40.00.

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