Most 1998 Lincoln pennies aren't valuable. However these pennies can sell for a premium in uncirculated condition. Keep reading to learn more about these one cent coins.
Specifications
Type: Lincoln Penny
Year: 1998
Face Value: $0.01
Composition: 99.2% zinc, 0.8% copper
Total Weight: 2.5 grams
The US minted the 1998 penny with no mint mark and also the 1998 D penny and 1998 S proof penny. The mint mark, when present, can be found on the obverse side of the coin below the date.
| Series | Location | Quantity Minted |
|---|---|---|
| 1998 | Philadelphia | 5,032,155,000 |
| 1998 D | Denver | 5,225,353,500 |
| 1998 S Proof | San Francisco | 2,086,507 |
Value
Most 1998 pennies in circulated condition are only worth their face value of $0.01. These coins can only sell for a premium in uncirculated condition.
The 1998 penny with no mint mark and the 1998 D penny are each worth around $0.30 in uncirculated condition with an MS-65RD grade.
The 1998 S proof penny is worth around $10 in PR-65RD condition.
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Grading System
MS-65RD gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable. The color is red.
PR-65RD proof- There are no flaws to this coin. A few blemishes may be present. The color is red.
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