While reviewing the initial results in various categories of recent auctions, my initial take is that the sales were moderate to strong.
The run of proof 1938 Lincoln cents is much higher than any single-issue production of proof coins that came before, and increasing mintages became the case for proof coinage of the 1930s and early 1940s, with most successive years bringing higher proof mintages than the previous. And while the 1938 proof Lincoln cent is not really a scarce issue by mintage, it is more difficult to find in the higher grades, particularly PR67 and above.
Obverse Description
Bust of Abraham Lincoln framed by IN GOD WE TRUST on the top periphery. The word LIBERTY to the left of the portait and the date postioned on the right side.
Reverse Description
Wheat ears flanking the words ONE CENT, UNITED STATES OF AMERICA. The motto E PLURIBUS UNUM on the top perimeter.
Catalog Information
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Subject: I would like to contribute catalog info to CDN for 1938 1c PR RD
Body: Referring page: http://www.greysheet.com/prices/item/1938-1c-red-surfaces-proof-lincoln-cent/gsid/2510 GSID: 2510 Title: 1938 1c PR RD
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| PR67 |
|
$1,450 | $1,234 |
| PR67 | - | $1,250 | $1,234 |
| PR66 |
|
$1,234 | $1,234 |
| PR66 | - | $1,234 | $1,234 |
| PR65 |
|
$1,234 | $1,234 |
| PR65 | - | $1,234 | $1,234 |
| PR64 |
|
$1,234 | $1,234 |
| PR64 | - | $1,234 | $1,234 |
| PR63 |
|
$1,234 | $1,234 |
| PR63 | - | $1,234 | $1,234 |
| PR62 |
|
$1,234 | $1,234 |
| PR62 | - | $1,234 | $1,234 |
| PR61 |
|
$1,234 | $1,234 |
| PR61 | - | $1,234 | $1,234 |
Greysheet News
More than 300 lots, consisting of high quality Walking Liberty half dollars from the Mack C. Chase Collection are set to cross the auction block as part of Stack's Bowers Galleries' November Showcase Auction, the official auction of the Whitman Expo.
The 1943 bronze Lincoln cent, graded Extra Fine by PCGS, was acquired from a family that held it unverified since the early 1960s.





