1938-S Lincoln Wheat Cent Value

Real sold prices from 34 tracked eBay sales — tracking since July 2026.

1938-S Lincoln Wheat Cent — photo from the most recent tracked eBay sale

Photos from recent tracked eBay sales.

Raw (ungraded) value

$7.40

Top-grade value

$44.53

Computed from 34 real eBay sold listings tracked by CoinGrader since Jul 2026 · prices updated Aug 5, 2026. Not price-guide estimates.

Recent sales

Sale	Grade	Price	Listing
Jul 22, 2026	Raw (ungraded)	$15.00	1938 S Lincoln Cent Wheat Penny Z7979
Jul 22, 2026	Raw (ungraded)	$2.08	1938 S Red Lincoln Wheat Cent Penny Uncirculated Uncertified US Coin BU
Jul 22, 2026	Raw (ungraded)	$3.39	1938-S Lincoln Wheat Cent San Francisco Mint Low Mintage Penny BN2271
Jul 21, 2026	Raw (ungraded)	$10.00	1938-S BU UNC RD United States Lincoln Wheat Cent Penny KM#132 SP3.15
Jul 21, 2026	Raw (ungraded)	$10.00	1938-S BU UNC RD United States Lincoln Wheat Cent Penny KM#132 SP3.14
Jul 21, 2026	Raw (ungraded)	$10.00	1938-S BU UNC RD United States Lincoln Wheat Cent Penny KM#132 SP3.13
Jul 21, 2026	Raw (ungraded)	$2.48	1938-S Lincoln Wheat Cent San Francisco Penny 1c Coin Ungraded
Jul 21, 2026	Raw (ungraded)	$7.99	1938-S Lincoln Wheat Cent - [AU/BU] About Uncirculated - RB Red Brown ~ C147
Jul 19, 2026	Raw (ungraded)	$40.00	Uncirculated Red 1938-S San Francisco Mint Copper Lincoln Wheat Cent
Jul 19, 2026	Raw (ungraded)	$4.99	1938 S LINCOLN CENT
Jul 19, 2026	Raw (ungraded)	$1.99	1938 S Lincoln Cent (229)
Jul 19, 2026	Raw (ungraded)	$4.99	1938-S Lincoln Wheat Cent - Nice Grade Circulated - Free Shipping
Jul 19, 2026	Raw (ungraded)	$4.99	1938 S (-- EXTRA FINE LINCOLN CENT --) [ RS COINS #48Q FREE SHIP ]
Jul 19, 2026	Raw (ungraded)	$4.99	1938 S (-- EXTRA FINE LINCOLN CENT --) [ RS COINS #48P FREE SHIP ]
Jul 18, 2026	Raw (ungraded)	$4.98	1938 S Lincoln Wheat Cent/Penny - XF Extremely Fine - Actual Coin B3032
Jul 18, 2026	Raw (ungraded)	$11.00	1938-S Lincoln Wheat Cent/Unc++ #15492
Jul 18, 2026	PCGS 66	$40.00	1938 S PCGS MS-66 RD Lincoln Wheat Cent
Jul 18, 2026	Raw (ungraded)	$7.25	1938 S Lincoln Cent UNCIRCULATED Red
Jul 17, 2026	Raw (ungraded)	$12.00	1938 S Lincoln Wheat Cent Nice BU MS Lincoln Coin
Jul 17, 2026	Raw (ungraded)	$10.00	1938 S 1C Lincoln Cent MS 66 RD
Jul 17, 2026	Raw (ungraded)	$10.99	1938-S Lincoln Wheat Cent - Beautiful Red Coin
Jul 17, 2026	NGC 66	$13.50	1938-S NGC MS66 RD Lincoln Wheat Cent Coin
Jul 16, 2026	PCGS 66	$39.95	1938-S Lincoln Wheat Cent MS66 BN PCGS Beautiful Tone *1233
Jul 16, 2026	PCGS 66	$54.00	1938-S 1C Lincoln Cent PCGS MS66RD
Jul 15, 2026	Raw (ungraded)	$4.98	1938 S Lincoln Wheat Cent/Penny - XF Extremely Fine - Actual Coin B3027

Frequently asked questions

How much is a 1938-S Lincoln Wheat Cent worth?

Based on real eBay sold listings, a raw (ungraded) 1938-S Lincoln Wheat Cent sells for around $7. Top-grade certified examples sell for around $45. These figures come from 34 tracked sales, not a price guide.

Where do these prices come from?

CoinGrader continuously tracks completed eBay sales for this coin. Prices shown are computed from those real transactions (recent sales weighted more heavily, obvious outliers removed) — they are market prices, not catalog or price-guide values.

Should I get my 1938-S Lincoln Wheat Cent graded?

Top-grade examples of this coin sell for around $45 versus roughly $7 raw, so grading can pay off if your coin is high quality. You can upload photos to CoinGrader for an instant AI grade estimate before spending on certification.

Have this coin?

Grade it and track its value. Upload photos for an instant AI grade estimate and a market value based on real sales like the ones on this page.

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Nearby years & mints

1938-D 1938-P 1938-P Proof 1937-D 1937-P 1937-P Proof 1937-S 1939-D

All Lincoln Wheat Cent values