The Mercury Dime, officially known as the Winged Liberty Head Dime, is a cherished piece among numismatists.
Minted from 1916 to 1945, its intricate design and historical significance make it a standout. Certain rare editions of this coin have fetched impressive sums at auctions, sometimes exceeding $200,000.
In this article, we’ll delve into the top three Mercury Dimes that achieved such remarkable prices, exploring their unique features and the reasons behind their high valuations.
Understanding the Mercury Dime’s Design and Appeal
Designed by sculptor Adolph A. Weinman, the Mercury Dime features Lady Liberty donning a winged Phrygian cap on the obverse, symbolizing freedom of thought.
The reverse showcases a fasces intertwined with an olive branch, representing unity and peace.
This artistic design, combined with limited mintages and unique variations, contributes to the coin’s desirability among collectors.
Top 3 Mercury Dimes That Sold for Over $200,000
Below is a table summarizing the top three Mercury Dimes that have surpassed the $200,000 mark at auctions:
1. 1938-S Mercury Dime – The Pinnacle of Value
The 1938-S Mercury Dime holds the record for the highest auction price among its peers. With a mintage of 8,090,000, this coin isn’t the scarcest in terms of numbers.
However, an exceptional specimen graded MS 68+ FB (Mint State 68+ with Full Bands) achieved an astounding $364,250 at a 2019 auction.
The coin’s remarkable preservation, combined with its vibrant iridescent toning, contributed to this record-setting price.
2. 1919-D Mercury Dime – A Denver Mint Rarity
The 1919-D Mercury Dime, minted in Denver with a production of 9,939,000 coins, is particularly rare in high grades with Full Bands. A specimen graded MS 66 FB was sold for $218,500 in 2000.
The scarcity of well-struck examples from this mintage, especially those exhibiting Full Bands, significantly elevates their value.
3. 1916-D Mercury Dime – The Inaugural Rarity
The 1916-D Mercury Dime is renowned for its low mintage of just 264,000 coins, making it a key date for collectors. An example graded MS 67 FB realized $195,500 at auction in 2010.
Its status as the first year of issue, combined with its rarity and the presence of Full Bands, makes this coin highly sought after.
| Year | Mint Mark | Grade | Sale Date | Price Realized |
|---|---|---|---|---|
| 1938 | S | MS 68+ FB | 2019 | $364,250 |
| 1919 | D | MS 66 FB | 2000 | $218,500 |
| 1916 | D | MS 67 FB | 2010 | $195,500 |
Factors Influencing the Value of Mercury Dimes
Several elements contribute to the high valuations of these Mercury Dimes:
- Mintage Numbers: Lower mintage figures generally indicate higher rarity.
- Condition and Grade: Coins in superior condition, especially those with higher Mint State grades, are more valuable.
- Full Bands Designation: The presence of Full Bands signifies a well-struck coin, adding to its desirability.
- Historical Significance: Coins from notable years or with unique features (like overdates or errors) attract greater interest.
Could You Possess One of These Valuable Dimes?
While the chances are slim, it’s not impossible. If you come across a Mercury Dime, especially from the years mentioned, it’s advisable to have it evaluated by a professional grading service.
Even if it doesn’t reach the lofty values discussed, many Mercury Dimes hold substantial worth beyond their face value.
The Mercury Dime remains a symbol of exquisite design and historical depth in American coinage. Certain rare specimens have achieved remarkable prices at auctions, reflecting their scarcity and the fervor of collectors.
Whether you’re an avid numismatist or a casual enthusiast, the allure of discovering a valuable Mercury Dime is undeniably captivating.
FAQs
What is a Mercury Dime?
A Mercury Dime, officially known as the Winged Liberty Head Dime, is a ten-cent coin minted in the United States from 1916 to 1945. It features Lady Liberty wearing a winged cap, symbolizing freedom of thought.
What does ‘Full Bands’ mean on a Mercury Dime?
‘Full Bands’ refers to the horizontal bands on the fasces on the coin’s reverse being fully separated and distinct. This indicates a strong, well-executed strike and increases the coin’s value.
Why are some Mercury Dimes so valuable?
Factors such as low mintage numbers, high-grade condition, presence of Full Bands, and historical significance contribute to the high value of certain Mercury Dimes.