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The 1938-S Lincoln Cent is a noteworthy issue within the Lincoln Cent series, produced during a time of relative stability and economic growth in the United States. Struck at the San Francisco Mint, this coin is distinguished by its "S" mintmark, which identifies its place of production. The 1938-S Lincoln Cent reflects the nation's continued recovery from the Great Depression and is a significant piece in the broader context of American numismatic history.
By 1938, the United States had emerged from the worst effects of the Great Depression, and the economy was beginning to show signs of improvement. The Lincoln Cent, being a vital part of everyday currency, played a crucial role in this economic recovery. The San Francisco Mint was instrumental in producing these coins to meet the growing demand for circulating small-denomination currency. The 1938-S Lincoln Cent, therefore, serves as a representation of a period of economic stabilization and growth in the U.S.
The design of the 1938-S Lincoln Cent features the iconic portrait of President Abraham Lincoln, created by Victor David Brenner. Brenner's design, which first appeared on the Lincoln Cent in 1909, has become one of the most recognizable and enduring designs in American coinage. The obverse of the 1938-S Lincoln Cent depicts Lincoln in profile, with his features finely detailed and his expression reflecting the dignity and respect due to one of the nation's most revered presidents. The inscriptions “LIBERTY” and “IN GOD WE TRUST” surround Lincoln’s bust, with the date “1938” positioned just below. Brenner’s design is celebrated for its artistic merit and historical significance.
On the reverse side of the 1938-S Lincoln Cent, Felix Schlag’s design is prominently displayed. Introduced in 1925, this reverse design features the Lincoln Memorial, an enduring symbol of Lincoln’s legacy. The Memorial is portrayed with its classical columns and the seated figure of Lincoln, conveying a sense of grandeur and respect. The reverse also includes the inscriptions “E PLURIBUS UNUM,” “ONE CENT,” and “UNITED STATES OF AMERICA,” which frame the central image and emphasize the coin’s denomination and national identity. The detailed portrayal of the Lincoln Memorial on this coin contributes to its aesthetic appeal and historical value.
The mintage of the 1938-S Lincoln Cent was approximately 13.2 million coins. This relatively lower mintage compared to some other issues in the Lincoln Cent series adds to the coin's desirability among collectors. The San Francisco Mint’s production of these coins reflects the continued need for circulating currency during a period of economic stability, yet the lower mintage ensures that the 1938-S Lincoln Cent is a valued piece for numismatists.
In Extra Fine (EF) condition, the 1938-S Lincoln Cent shows a specific level of wear while retaining a significant amount of its original detail. Coins in this grade exhibit light wear on the high points of the design, with the overall features remaining sharp and clear. For the 1938-S Lincoln Cent, this means that the portrait of Lincoln maintains its distinctiveness, with only minor wear affecting the highest areas. Similarly, the Lincoln Memorial on the reverse retains much of its intricate detail, with the design elements remaining prominent. An Extra Fine 1938-S Lincoln Cent is highly prized for its well-preserved condition and the clarity of its design elements, making it an attractive addition to any collection.
The 1938-S Lincoln Cent stands out as a significant piece of American numismatic history, reflecting a period of economic recovery and stability. Its production at the San Francisco Mint, coupled with its enduring design and well-preserved condition in Extra Fine grade, contributes to its appeal and value among collectors. As a representation of a pivotal moment in U.S. coinage history, the 1938-S Lincoln Cent remains a cherished collectible, symbolizing both historical and numismatic significance.