The 1938 wheat pennies come in three varieties “D”, “P” and “S”.
How Much Is a 1938 Wheat Penny Worth?
Anywhere from 35 cents, to 12 dollars.
How Many Wheat Pennies Were Minted in 1938?
1938 P variety: 156,696,734
1938 S variety: 20,010,000
1938 D variety: 15,180,000
1938 P wheat penny
Rarity: These are common in all grades. You can easily find good quality cents without too much trouble. Original rolls still exist although it may take some effort to find.
Facts about the 1938 P Cent: They are typicallly well struck.
1938 D wheat penny
Rarity: Cents of this date are quite rare in circulation. You might be able to find a few cents of good quality.
Facts about the 1938 D Cent: Typicallly well struck.
1938 S wheat penny
Rarity: Circulated had low mintage and as a result are rare. Uncirculated rolls were saved and cents of good quality are readily avaliable.
Facts about the 1938 S Cent: The best cents have already been taken. In 1938 the San Francisco mint had a series of issues due to the recession and filling a large order from China.