David Hall: The 1938-S Oregon is fairly easy to obtain in even the highest grades. Of the three 1938 Oregons, the 1938-D is the most common in Superb Gem condition, followed by the 1938-S and then the 1938, but all three come super nice and are not rare at all in spectacular condition. Nearly the entire mintage was saved at the time of issue so circulated examples are extremely rare. The average grade of this issue is MS63 to MS67. The srike is always bold and marks are hardly ever a problem. The luster is satiny.