Some coins in your spare change could be worth hundreds of thousands of dollars, depending on their date and unique features. One such example is the 1916 Mercury dime—a highly sought-after coin for collectors.
Key Features of the 1916 Mercury Dime
- Lady Liberty Design:
Instead of the familiar image of President Franklin D. Roosevelt, the obverse (heads) side of the 1916 dime depicts Lady Liberty. She wears a “cap with wings,” symbolizing freedom of thought. This distinctive design, created by sculptor Adolph A. Weinman, earned the coin the nickname “Mercury dime” because it reminded some of the Roman god Mercury. - Date and Mint:
The Mercury dime was minted from 1916 to 1945 before being replaced by the Roosevelt design. However, not all 1916 dimes are equal in rarity or value. Pay special attention to those with a small “D” marking, indicating they were minted in Denver.
Why the 1916-D Mercury Dime Is So Valuable
The 1916-D Mercury dime is exceptionally rare due to its limited production. While:
- Philadelphia Mint produced over 22 million,
- San Francisco Mint produced 10 million,
- Denver Mint only struck approximately 264,000 coins.
This low production resulted from a shift in focus at the Denver Mint to prioritize quarter production.
Look for Full Bands on the Reverse
The reverse side of the 1916 Mercury dime features a fasces—a bundle of rods with an axe bound by three sets of bands—alongside an olive branch. This design, also created by Weinman, represents both strength and peace.
The most valuable examples of the 1916-D dime feature “full bands.” This means the bands on the fasces show a clear split in the middle, indicating the coin was struck with exceptional precision.
Grading Matters
The condition of the coin significantly affects its value. The Professional Coin Grading Service (PCGS) uses a scale from 1 to 70, where “Mint State” (MS) coins are the highest quality.
- A 1916-D dime with a Mint State 67 (MS67) grading—a coin in nearly perfect condition—sold for over $152,000 at auction.
Other Dimes Worth Watching For
While the 1916-D Mercury dime is one of the most valuable, other dimes from different years can also hold significant value. Check for older dates, mint marks, and unique features that might increase their worth.
Final Tip for Collectors
Coins like the 1916 Mercury dime highlight the importance of closely examining your spare change. With a little attention to detail, you might discover a small fortune hiding in your collection.
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