1916 D Mercury Dime
The 1916 D Mercury Dime is one of the lowest mintages in the entire series, and has extreme value amongst collectors. Designed by Adolph Weinman in 1915 as part of a contest to find new designs for U.S. coins, it has become a truly iconic coin for collectors. Dimes have been produced by the US Mint since its inception, and all varieties of these ten-cent pieces are of importance to collectors. For collectors, early editions like the Mercury Dime from 1916 are especially popular because they are the coins that are the most difficult to find.
AUCTION RECORD: $29,900 • MS65
Image source: PCGS
Mercury Dime Design
The most iconic part of the Mercury Dime is the image of Liberty in a winged Phrygian cap on the obverse of the coin. Many people mistook the image to be of the Roman god Mercury, and the misnomer has continued well into the 21st century. Like many American coins, the Mercury Dime follows the tradition of including Liberty, whether as a woman or as text, in its design.
1916 D Mercury Dime Value
The 1916 D Mercury Dime is an incredibly rare coin with tremendous value due to its low mintage numbers. Like many older coins, the value is tied to the condition of the coin. On a Mercury Dime, you should look for a clear image of Liberty in a winged cap, with “LIBERTY,” and “In God We Trust” clearly visible on the obverse. The reverse will feature a fasces with an olive branch, as well as the denomination mark. Highly circulated coins go for, on average, around a thousand dollars, while a mint condition coin can fetch almost ten thousand dollars! Keep an eye out when looking through those old coins!
The 1916-D Mercury Dime stands as one of the most coveted and valuable coins in American numismatics due to its extremely low mintage and significant demand among collectors. With only 264,000 pieces produced, it is the rarest issue in the Mercury Dime series. The value of a 1916-D Mercury Dime varies greatly depending on its condition, may range from a few hundred dollars for examples in lower grades to over $50,000 for those in high Mint State (MS) conditions.
As of my last update in April 2023, here are some general value estimates for the 1916-D Mercury Dime across different grades:
- Good (G-4): Even in low grades, where significant wear is present, and details are mostly flat, a 1916-D can fetch between $800 to $1,200.
- Fine (F-12): With more details visible but still showing considerable wear, prices can range from $2,500 to $3,500.
- Very Fine (VF-20 to VF-30): Coins with moderate wear but clearer details, especially in the hair and wing cap, might be valued between $4,000 and $6,000.
- Extremely Fine (EF-40 to EF-45): Light wear on the highest points, with much of the original detail intact, can bring $7,000 to $9,000.
- About Uncirculated (AU-50 to AU-58): Slight wear on only the highest points of the design, with most details sharp and some mint luster present, prices can range from $10,000 to $20,000.
- Mint State (MS-60 to MS-65 and above): No wear with full details visible. Coins in MS-60 might fetch around $25,000, while those in MS-65 or higher can command prices of $40,000 to $50,000 or more, depending on the auction and the coin's specific characteristics like luster, strike, and eye appeal.
It's important to note that the market for rare coins can fluctuate, and prices can vary based on the selling platform, the coin's provenance, and specific attributes not covered by the general grade. For the most accurate and up-to-date valuation, consulting with a reputable coin dealer or submitting the coin to a professional grading service like PCGS or NGC is recommended.
Type of coin: Dime
Year: 1916
Mint Mark: Denver
Total mintage: 264,000
Metal content: 90% Silver, 10% Copper
Face value: Ten Cents
Weight: 2.5 grams
Edge: Reeded
Designer: Adolph Weinman
Diameter: 17.91 millimeters
FAQ
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What makes the 1916-D Mercury Dime so valuable? The 1916-D Mercury Dime's value stems from its extremely low mintage of only 264,000 pieces, making it the rarest and most sought-after coin in the entire Mercury Dime series. Its scarcity, combined with high demand among collectors, drives its value.
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How can I tell if my Mercury Dime is a 1916-D? To identify a 1916-D Mercury Dime, look for the mint mark "D" on the reverse side of the coin, just to the right of the fasces. This distinguishes it from those minted in Philadelphia, which bear no mint mark.
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What is the highest grade ever achieved by a 1916-D Mercury Dime? The highest grades achieved by a 1916-D Mercury Dime at major grading services like PCGS and NGC are typically in the MS-66 to MS-67 range, with these examples being exceptionally rare and valuable.
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What is the average value of a 1916-D Mercury Dime? The value of a 1916-D Mercury Dime varies widely based on its condition, ranging from around $800 for coins in Good condition to over $50,000 for examples in Mint State conditions.
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Are there any key features to look for in a 1916-D Mercury Dime? Key features to assess the value and authenticity of a 1916-D Mercury Dime include the sharpness of detail in Liberty's winged cap and the fasces on the reverse, as well as the presence and location of the "D" mint mark.
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How does the condition of a 1916-D Mercury Dime affect its value? The condition, or grade, of a 1916-D Mercury Dime significantly impacts its value. Coins with little to no wear, sharp details, and original luster (Mint State condition) are valued much higher than those with significant wear and damage.
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Where is the best place to sell a 1916-D Mercury Dime? The best places to sell a 1916-D Mercury Dime include reputable coin dealers, numismatic auctions, and online platforms specializing in rare coins. Choosing a venue with a good track record and expertise in rare Mercury Dimes can help ensure a fair price.
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How rare is it to find a 1916-D Mercury Dime in circulation? Finding a 1916-D Mercury Dime in circulation today is extremely rare due to its low mintage and high collector demand. Most examples have been removed from circulation by collectors.
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Can a 1916-D Mercury Dime be a good investment? Due to its rarity and demand, a 1916-D Mercury Dime can be a good investment, especially higher-grade examples. However, like all investments in rare coins, market fluctuations and the coin's condition should be considered.
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How should I store and care for my 1916-D Mercury Dime to preserve its value? To preserve its value, store your 1916-D Mercury Dime in a cool, dry place away from direct sunlight. Use acid-free holders or capsules to protect the coin from environmental damage and handle it sparingly, preferably with gloves, to avoid introducing oils or wear to its surfaces.
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