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The 1938-D Lincoln Cent is a notable issue within the Lincoln Cent series, reflecting both the economic conditions of its time and the enduring design that has characterized the series since its inception. Struck at the Denver Mint, this coin represents a significant chapter in the history of American coinage, capturing a moment of stability and prosperity just before the onset of World War II. The Denver Mint's distinctive "D" mintmark signifies its place of production, distinguishing it from other Lincoln Cents minted in Philadelphia and San Francisco.
Understanding the historical context of the 1938-D Lincoln Cent provides insight into its significance. The late 1930s marked a period of economic recovery and relative stability following the Great Depression. By 1938, the United States was experiencing a period of growth and renewed optimism, setting the stage for the significant changes that would come with the onset of World War II. The Denver Mint, operating efficiently to meet the public's need for circulating coinage, played a crucial role in producing this coin. The 1938-D Lincoln Cent was part of the ongoing effort to provide ample small-denomination currency for everyday transactions during a time of economic stability and growth.
The design of the 1938-D Lincoln Cent follows the familiar and enduring pattern established by Victor David Brenner, whose design was introduced in 1909. The obverse of the coin features a profile portrait of Abraham Lincoln, captured with a dignified and respectful expression. Brenner's portrayal of Lincoln is celebrated for its artistry and the sense of gravitas it imparts. Surrounding Lincoln's profile are the inscriptions “LIBERTY” and “IN GOD WE TRUST,” with the date “1938” prominently displayed below the bust. This design remains one of the most recognizable and cherished features of the Lincoln Cent series, reflecting both historical reverence and artistic excellence.
The reverse of the 1938-D Lincoln Cent features the design introduced in 1925 by engraver Felix Schlag. This design depicts the Lincoln Memorial, an iconic symbol of Lincoln's legacy and a testament to American architecture. The Memorial is rendered with its classical columns and the seated figure of Lincoln, creating a powerful visual representation of his contributions. Above the Memorial, the motto “E PLURIBUS UNUM” is inscribed, while the phrases “ONE CENT” and “UNITED STATES OF AMERICA” encircle the central design. The reverse design is noted for its detailed depiction of the Memorial and its symbolic significance in honoring Lincoln's legacy.
The mintage of the 1938-D Lincoln Cent was approximately 25.5 million coins. This substantial mintage reflects the high demand for small-denomination coinage during a period of economic stability and growth. Despite the large production numbers, the 1938-D Lincoln Cent remains a valued collectible among numismatists due to its historical context and the specific mintmark indicating its Denver origin. The coin’s production at the Denver Mint adds to its appeal, as collectors often seek out coins from this facility for their historical and numismatic significance.
In Extra Fine (EF) condition, the 1938-D Lincoln Cent is evaluated based on its level of preservation and wear. Coins in this grade exhibit light wear on the highest points of the design while retaining most of their original detail. For the 1938-D, this means that Abraham Lincoln’s features are still well-defined, with only minor signs of wear affecting the coin’s surface. The Lincoln Memorial on the reverse also shows considerable detail, with the design elements remaining crisp and prominent. An Extra Fine 1938-D Lincoln Cent in this condition is highly prized for its quality and preservation, making it a desirable addition to any collection.
Overall, the 1938-D Lincoln Cent represents a significant issue within the Lincoln Cent series, reflecting both the historical context of its time and the enduring appeal of its design. The coin's production at the Denver Mint during a period of economic recovery and its well-preserved condition in Extra Fine grade contribute to its value and desirability among collectors. As a piece of American numismatic history, the 1938-D Lincoln Cent continues to be a cherished and valuable collectible, representing a pivotal moment in the history of U.S. coinage.