MMint Almanac
Lincoln Wheat Cent coins

1938-S Lincoln Wheat cent Value

Melt $0.03 · silver $30.50/oz · updated Jun 30, 2026
Semi-key date

The 1938-S Lincoln Wheat cent is a semi-key date. Its silver/metal melt value is about $0.03 today, which is the price floor. Collector value runs well above melt and depends heavily on grade - check recent sold listings for an exact figure.

Date / mint mark
1938 · S
Mintage
15,180,000
Composition
95% copper bronze
Melt value today
$0.03
Scarcity
Semi-key

Why this one matters

Lower S-mint mintage but common

Check: S mintmark below date

What it actually sells for

Exact value depends on grade and eye appeal. The most reliable number is what examples like yours have recently sold for - we link straight to completed sales so you see live figures, not a stale estimate.

See recent sold prices on eBay

Independent third-party listings. Mint Almanac may earn a commission, at no cost to you. It never changes the facts above.

Mintage and key-date facts are from published numismatic records. Values are not appraisals - condition decides worth, and anything potentially valuable should be authenticated by PCGS or NGC before selling. How we source this.