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 is worth around $0.60 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $2.20.
The 1998 D penny is worth around $0.60 in uncirculated condition with an MS 63 grade. Uncirculated coins with a grade of MS 65 can sell for around $2.20.
The 1998 S proof penny is worth around $4.10 in PR 65 condition.
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Grading System
MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.
MS 65 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 65 proof- An attractive coin with only small flaws. A few blemishes or contact marks may be present. The color is red.
Sources:
The Red Book
See also:
1999 Penny
1997 Penny
1996 Penny