Coin Specifications

Category: Lincoln Cents, Wheat Reverse (1909-1958)
Mint: Philadelphia
Mintage: 156,696,734
Obverse Designer: Victor D. Brenner
Reverse Designer: Victor D. Brenner
Composition: Bronze
Weight: 3.1100g
Diameter: 19mm
Edge: Plain
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1938 1C MS obverse 1938 1C MS reverse
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Description & Analysis

Coin production dipped in 1938, as the nation experienced a setback from the economic recovery period of 1933-36. The Philadelphia Mint struck just over half the number of cents in 1938 that it had the previous year.

Enough rolls were saved of this issue to make it nearly as common as surrounding dates, but prices have long been higher in the Mint State grades.

GRADE SUMMARY

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Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

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Price Guide

Last Updated: 7/12/2020

Click on a price to see historical prices, comparison charts and trends.

1938 1C MS BN
  GVGFVFXF505355586061626364656667686970
Base $ 0.15 0.20 0.25 0.40 0.75 1.25 1.50 1.75 2.00 3.25 4.00 4.25 4.75 5.50 9.00 18.00 38.00 - - -
1938 1C MS RB
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - 4.50 5.00 7.00 9.50 17.50 32.00 65.00 - - -
1938 1C MS RD
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - 6.00 8.00 11.00 17.00 20.00 35.00 215 - - -
$ - - - - - - - - - - - 55.00 925 -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 3131
Low Grade: VF
Average Grade: 65
High Grade: 67

The chart showing VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 4/20/2021 1938 1C MS BN
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----2-3-1-1--12712----20
-----------------------
---------------1------1
-----------------------
Total----2-3-1-1--12812----21
 ----10%-14%-5%-5%--5%10%38%5%10%---- 
1938 1C MS RB
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------------183330246---102
-----------------------
-----------------------
-----------------------
Total-------------183330246---102
 -------------1%8%32%29%24%6%--- 
1938 1C MS RD
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--------------2424501831684---3009
-----------------------
-----------------53---8
-----------------------
Total--------------2424501836687---3017
 --------------0%1%15%61%23%--- 

NGC Registry

NGC Registry Score 1938 1C MS BN
 PrAgGVGFVF4045505355586061626364656667686970
Base333333336669121216203272155179220268
33333334667101213172445100163193236281
0000003466710121317244510016319300
0000003566811121519285912717120600
1938 1C MS RB
 PrAgGVGFVF4045505355586061626364656667686970
Base33333366999121616243772131255288345412
333334679910131619284992172266307367433
00000067991013161928499217226630700
000000689911151621336011121427732600
1938 1C MS RD
 PrAgGVGFVF4045505355586061626364656667686970
Base333366991212121620284172119248653719837967
33346791012121317233251881623836757588801015
000000910121213172332518816238367575800
0000009111212151925376210320551869779800
Registry Image Gallery
Grade: MS 67 RD
Points: 653
Owner: Beauzo
 
Grade: MS 67 RD
Points: 653
Owner: Big Tiger
 
View the Registry Image Gallery

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.