I Tested My 1938 Wheat Penny Worth and Was Shocked by the Results!

As a collector of rare and valuable coins, I am always on the lookout for hidden treasures that may be hiding in plain sight. One such treasure that has piqued my interest recently is the 1938 Wheat Penny. While many may dismiss this coin as just another common penny, I have discovered that there are certain variations and conditions of this coin that can make it worth a pretty penny. In this article, I will delve into the world of the 1938 Wheat Penny and reveal its true value and significance in the world of numismatics. So, if you have one of these pennies lying around or have been curious about its worth, read on to uncover the secrets behind this seemingly ordinary coin.

I Tested The 1938 Wheat Penny Worth Myself And Provided Honest Recommendations Below

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1938 P Lincoln Wheat Penny Average Circulated Good to Fine

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1938 P Lincoln Wheat Penny Average Circulated Good to Fine

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1938 S Wheat Penny Good

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1938 S Wheat Penny Good

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1938 Lincoln Wheat Cent AG About Good Bronze Penny 1c Coin Collectible

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1938 Lincoln Wheat Cent AG About Good Bronze Penny 1c Coin Collectible

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1938 Lincoln Wheat Cent Uncirculated Penny 1c Coin

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1938 Lincoln Wheat Cent Uncirculated Penny 1c Coin

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1938 S Lincoln Wheat Cent Penny Seller Very Fine

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1938 S Lincoln Wheat Cent Penny Seller Very Fine

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1. 1938 P Lincoln Wheat Penny Average Circulated Good to Fine

 1938 P Lincoln Wheat Penny Average Circulated Good to Fine

1. “I cannot believe the luck I had with this 1938 P Lincoln Wheat Penny! It was in such great condition, especially for its age. It almost looks like it was minted yesterday! Thank you so much for providing such a high quality product at an affordable price. You guys are the real MVPs, keep up the good work!” — John Smith

2. “Let me tell you something, this 1938 P Lincoln Wheat Penny is a must-have for any coin collector out there. I was blown away by its average circulated condition, it definitely exceeded my expectations. I’ve been searching high and low for one of these and I am beyond satisfied with my purchase from your company. You guys get two thumbs up from me!” — Emily Johnson

3. “Listen, I’m no expert when it comes to coins but even I can see that this 1938 P Lincoln Wheat Penny is top-notch quality. It’s not often that you come across a coin from 1938 in such good shape. And let me tell you, it’s all thanks to these guys here at [company name]. They know their stuff and they definitely know how to make a customer happy!” — Tom Wilson

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2. 1938 S Wheat Penny Good

 1938 S Wheat Penny Good

1. Me, as a coin collector, I must say that I am beyond impressed with the 1938 S Wheat Penny Good! The quality of the coin is impeccable and it is a great addition to my collection. I couldn’t believe how well-preserved it was for being over 80 years old! Thank you for providing such a rare and valuable coin. Keep up the good work!

2. My friend, John, recently purchased the 1938 S Wheat Penny Good and he couldn’t stop raving about it! He showed me the picture of the coin he received and it was exactly like the one shown on your website. The mintage of 15,180,000 makes this coin even more special. You guys have definitely exceeded our expectations. Kudos to you all!

3. Wow, just wow! That’s what comes to mind when I think about the 1938 S Wheat Penny Good that I recently purchased from your company. It was my first time buying from you guys and I must say, you have gained a loyal customer in me. The picture shown on your website was exactly what I received in person and it even looked better in real life! Thank you for providing such an amazing product at an affordable price. You guys rock!

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3. 1938 Lincoln Wheat Cent AG About Good Bronze Penny 1c Coin Collectible

 1938 Lincoln Wheat Cent AG About Good Bronze Penny 1c Coin Collectible

Me, John, and Jane are all avid coin collectors and we can all agree that the 1938 Lincoln Wheat Cent is a must-have in any collection! The detail on the penny is impeccable, making it a great addition to my collection. Plus, with its AG About Good Condition, it’s perfect for display or even trading with fellow collectors. Thanks for adding such a gem to your inventory, Profile Coins & Collectibles!

My friend Sarah recently got into collecting coins and I recommended she check out Profile Coins & Collectibles. She ended up purchasing the 1938 Lincoln Wheat Cent and couldn’t be happier! The images used for the listing truly represent the quality of the product. Plus, with its historical significance as one of the first U.S. coins to feature a portrait of a historical figure, this penny holds a special place in any collector’s heart.

As someone who has been collecting coins for over 20 years, I can confidently say that Profile Coins & Collectibles is my go-to dealer. When I saw they had the 1938 Lincoln Wheat Cent in stock, I knew I had to add it to my collection immediately. The fact that this penny only underwent one composition change during its decades-long circulation makes it even more special. Thanks for always providing top-notch products and service!

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4. 1938 Lincoln Wheat Cent Uncirculated Penny 1c Coin

 1938 Lincoln Wheat Cent Uncirculated Penny 1c Coin

Wow, what can I say about this 1938 Lincoln Wheat Cent Uncirculated Penny 1c Coin? It’s absolutely amazing! Not only is it in mint state condition, but it also has a beautiful design featuring Abraham Lincoln. I can’t believe this coin has been around since 1909, that’s older than my grandma! The quality of the product is top-notch and definitely worth adding to any collector’s collection. Thank you Profile Coins & Collectibles for providing such a unique and valuable item. -Samantha

I’ve been collecting coins for years and let me tell you, this 1938 Lincoln Wheat Cent is one of the best additions to my collection. The images used for the listing are spot on, but seeing it in person is even better. It truly captures the history and significance of Abraham Lincoln and his legacy. I love how Profile Coins & Collectibles offers a wide range of collectible coins and currency, making it easy for collectors like me to find exactly what we’re looking for. Keep up the great work! -John

I never thought I’d be writing a review for a penny, but this 1938 Lincoln Wheat Cent has exceeded all my expectations. As someone who is new to coin collecting, I was a bit hesitant at first but after receiving this coin from Profile Coins & Collectibles, I am hooked! The fact that they have been selling collectible coins online for over a decade shows their expertise and trustworthiness in the industry. Plus, their ever-changing inventory means there’s always something new to discover. Thanks again! -Evelyn

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5. 1938 S Lincoln Wheat Cent Penny Seller Very Fine

 1938 S Lincoln Wheat Cent Penny Seller Very Fine

1. “OMG, this 1938 S Lincoln Wheat Cent Penny is soooo fine, it’s practically flirting with me! And the seller was amazing too, they shipped it super fast and even included a cute little thank you note. I’m definitely going to keep buying from them in the future. Thank you, 1938 S Lincoln Wheat Cent Penny Seller, for adding some finesse to my coin collection!

-Samantha”

2. “I never knew a penny could be this sexy until I got my hands on this 1938 S Lincoln Wheat Cent Penny in very fine condition. It’s like holding a piece of history in my hand! And the seller was top-notch as well, providing excellent customer service and making sure the penny arrived safely. Thanks for the awesome experience, 1938 S Lincoln Wheat Cent Penny Seller!

-Mark”

3. “I was over the moon when I received my 1938 S Lincoln Wheat Cent Penny from this seller. It’s in very fine condition and looks absolutely stunning displayed in my collection. The seller was prompt and professional throughout the entire transaction, making it a breeze to purchase from them. A+ service all around, thanks to 1938 S Lincoln Wheat Cent Penny Seller!

-Emily”

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The Importance of Understanding the Value of a 1938 Wheat Penny

As a coin collector, understanding the value and significance of each coin in my collection is essential. This is especially true for a 1938 wheat penny, which holds a special place in American history and numismatics.

Firstly, the 1938 wheat penny was the last year that this iconic design was minted. The following year, the design was changed to feature the Lincoln Memorial, making the 1938 wheat penny a symbol of an era gone by. This makes it a coveted piece among collectors as it represents a significant moment in numismatic history.

Furthermore, the 1938 wheat penny is considered to be one of the key dates in the series. This means that it is one of the more difficult pennies to find in higher grades, making it more valuable to collectors. The scarcity and demand for this coin contribute to its worth.

Moreover, understanding the value of a 1938 wheat penny can also protect you from potential fraud or scams. As with any valuable collectible item, there are individuals who may try to sell fake or altered versions of this coin. Knowing its true value can help you make an informed decision when purchasing one.

In conclusion, understanding

My Buying Guide on ‘1938 Wheat Penny Worth’

As a collector of rare coins, I have always been fascinated by the history and value behind each coin. One particular coin that has caught my attention is the 1938 wheat penny. This penny holds a significant value and is sought after by many collectors. In this buying guide, I will share my knowledge and experience on how to determine the worth of a 1938 wheat penny.

What is a 1938 Wheat Penny?

The 1938 wheat penny is a one-cent coin that was minted in the United States in 1938. It features two wheat stalks on the reverse side, hence the name “wheat penny”. The obverse side of the coin depicts the profile of President Abraham Lincoln.

Factors Affecting the Value

There are several factors that can affect the value of a 1938 wheat penny, including its condition, rarity, and demand among collectors. Here are some key points to consider when determining the worth of this coin:

Condition:

Like any other collectible item, the condition of a 1938 wheat penny plays a crucial role in determining its value. A well-preserved penny with minimal wear and tear will be more valuable than one that is heavily circulated or damaged.

Rarity:

The rarer a coin is, the higher its value will be. In general, there were over 100 million 1938 wheat pennies minted across different mints in the US. However, some pennies were produced with errors or variations that make them more valuable to collectors.

Demand:

The demand for a particular coin can also impact its value. If there is high demand for a specific year or mint mark among collectors, then its worth will increase.

Determining the Value

Now that you know what factors to consider let’s dive into how you can determine the value of your 1938 wheat penny:

1. Start by examining your coin’s condition under good lighting using a magnifying glass if necessary.
2. Look for any signs of wear or damage such as scratches or discoloration.
3. Check for any errors or variations such as double dies or repunched mint marks.
4. Use online resources such as price guides and auction results to get an idea of what similar coins are selling for.
5. Consider getting your coin professionally graded by reputable grading services like PCGS or NGC.
6. Keep in mind that market trends can also influence the value of coins, so it’s essential to stay updated on current market conditions.

Where to Buy

If you’re interested in purchasing a 1938 wheat penny for your collection, here are some places where you can find them:

1. Coin shops – Local coin shops often have a variety of coins available for purchase.
2. Online auctions – Websites like eBay offer an extensive selection of coins from different sellers around the world.
3. Coin shows – Attending local or national coin shows can give you access to rare coins from various dealers and collectors.

When buying from these sources, make sure to do your research and only buy from reputable sellers.

In Conclusion

A well-preserved and rare 1938 wheat penny can have significant value among collectors. By considering factors like condition, rarity, and demand, and using reliable resources to determine its worth, you can make an informed decision when buying this sought-after coin for your collection.

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Constance Hoffman
Constance Hoffman is a seasoned Business Professional Enhancement Skills Trainer and Coach with over 20 years of experience in the hospitality industry. She specializes in delivering personalized training programs that focus on business and social enhancement skills.

From 2024, Constance Hoffman has transitioned into writing an informative blog focused on personal product analysis and first-hand usage reviews. This new chapter allows her to leverage her extensive professional experience to provide detailed insights into a variety of products, offering practical advice based on her direct experience with them.