On January 4, 2025, coin enthusiasts and collectors were abuzz with the latest auction results highlighting the exceptional value of the 1916 Mercury Dime. This rare coin, especially those minted in Denver and featuring the Full Bands detail, has fetched prices as high as $285,000, underscoring its significance in numismatic circles.
Understanding the 1916 Mercury Dime
The Mercury Dime, officially known as the Winged Liberty Head Dime, was minted from 1916 to 1945. Designed by Adolph A. Weinman, the coin’s obverse showcases Lady Liberty donning a winged cap, symbolizing freedom of thought. The reverse features a fasces—a bundle of rods with an axe—representing unity and strength, accompanied by an olive branch denoting peace.
The Significance of the 1916-D Mercury Dime
Among the Mercury Dimes, the 1916-D (minted in Denver) stands out due to its limited mintage of only 264,000 coins. This scarcity makes it a coveted piece for collectors. The coin’s value is further amplified when it possesses the Full Bands (FB) designation. This term refers to the distinct, fully separated horizontal bands on the fasces on the coin’s reverse, indicating a sharp and well-defined strike.
Current Market Value
As of January 2025, the value of a 1916-D Mercury Dime varies based on its condition and specific features:
| Grade | Value Range | |————————-|——————–| | Circulated Condition | $850 – $12,650 | | Mint State (MS 65) | Up to $33,500 | | Mint State (MS 67 FB) | Up to $285,000 |
These valuations highlight the coin’s desirability, with pristine examples commanding top dollar. citeturn0search7
Factors Influencing Value
Several factors contribute to the 1916-D Mercury Dime’s value:
- Mintage Rarity: With only 264,000 coins produced, its scarcity is a primary driver of its high value.
- Condition: Coins are graded on a scale from 1 to 70, with higher grades indicating better preservation. Mint State coins (grades MS60-MS70) are particularly valuable.
- Full Bands Designation: Coins with fully separated and distinct bands on the reverse are rarer and more sought after, significantly increasing their value.
Recent Auction Highlights
Recent auctions have showcased the impressive value of the 1916-D Mercury Dime:
- An MS 67 Full Bands example sold for $207,000 in August 2010 and is currently valued at $285,000. citeturn0search2
- An MS 65 coin fetched $29,900 in August 2007 and is now valued at $33,500. citeturn0search2
Identifying a 1916-D Mercury Dime
To determine if you possess this valuable coin:
- Check the Date: Ensure the coin is dated 1916.
- Locate the Mint Mark: Flip the coin to the reverse side. The mint mark is located near the bottom, to the left of the fasces. A “D” indicates it was minted in Denver.
- Examine the Bands: Inspect the horizontal bands on the fasces. Fully separated and distinct bands qualify the coin for the Full Bands designation, increasing its value.
Preservation and Grading
The coin’s condition significantly impacts its value. Coins with minimal wear, sharp details, and original luster are highly prized. Professional grading services, such as the Numismatic Guaranty Company (NGC) and the Professional Coin Grading Service (PCGS), assess a coin’s condition and authenticity, providing a grade that helps determine its market value.
Collecting Tips
For those interested in acquiring a 1916-D Mercury Dime:
- Authenticity: Due to its value, counterfeits exist. Purchase from reputable dealers and consider coins that have been professionally graded and authenticated.
- Condition Assessment: Aim for the highest grade within your budget. Even lower-grade 1916-D dimes hold significant value, but higher-grade examples offer better long-term investment potential.
- Market Research: Stay informed about current market trends and recent auction results to make educated purchasing decisions.
Conclusion
The 1916-D Mercury Dime remains a shining star in the numismatic world. Its rarity, historical significance, and the allure of the Full Bands designation make it a prized possession for collectors. Whether you’re a seasoned numismatist or a budding enthusiast, this coin represents a tangible piece of history and a valuable addition to any collection.
FAQs
What makes the 1916-D Mercury Dime so valuable?
Its limited mintage of 264,000 coins, combined with the desirability of the Full Bands designation and high-grade preservation, contribute to its significant value.
How can I verify the authenticity of my 1916-D Mercury Dime?
It’s advisable to have the coin evaluated by professional grading services like NGC or PCGS, which can authenticate and grade the coin, ensuring its legitimacy.
What does the Full Bands designation mean?
The Full Bands designation indicates that the horizontal bands on the fasces on the coin’s reverse are fully separated and sharply struck, reflecting exceptional minting quality and increasing the coin’s value.
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