Answer
Wiki User
07/19/2010
Updated
1938 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.