A woman recently uncovered a 1916-D Mercury Dime while going through her late grandmother’s jewelry box. This century-old silver coin is highly prized by collectors. Thanks to its rarity and excellent condition, the coin’s value has now skyrocketed to an impressive $127,000.
Importance of the 1916-D Mercury Dime
The 1916-D Mercury Dime holds a unique status among coin collectors. Produced at the Denver Mint, only 264,000 of these dimes were ever struck, making it the rarest in the Mercury Dime series. Designed by Adolph A.
Weinman, the coin’s obverse features Lady Liberty wearing a winged cap, symbolizing freedom of thought. On the reverse, a fasces accompanied by an olive branch represents strength and peace.
Reasons Behind Its High Value
Several key factors drive the extraordinary value of this coin. Its extremely low mintage of just 264,000 makes it exceptionally scarce. Coins with the “Full Bands” (FB) designation, showing clearly separated horizontal bands on the fasces, are especially prized. Additionally, coins graded as Mint State (MS), indicating they are uncirculated and preserve their original shine, command higher prices. The better the MS grade, the more valuable the coin.
Noteworthy Auction Records for the 1916-D Mercury Dime
Auction results reveal just how sought-after this dime is among collectors. For example, a Full Bands coin graded MS67 sold for $195,500 in 2010. Another MS67 FB dime fetched $128,800 in 2001, and yet another achieved $207,000 in 2010. These sales highlight the premium paid for top-quality specimens.
Authentication and Certification Importance
Due to its high value, proper authentication is essential. Trusted grading companies such as PCGS and NGC certify the coin’s authenticity and condition. The 1916-D Mercury Dime is frequently counterfeited, with many fake “D” mintmarks added to Philadelphia-minted 1916 dimes. To avoid scams, always opt for certified coins from reputable sources.
Life-Changing Discovery for the Woman
After finding the coin, the woman had it professionally appraised. Experts verified it as a genuine 1916-D Mercury Dime in outstanding condition, likely graded MS66 or MS67 with Full Bands. The estimated worth of $127,000 turned a modest heirloom into a significant financial windfall. This discovery illustrates how hidden gems can surface unexpectedly in everyday places.
Summary of Its Appeal
The 1916-D Mercury Dime stands out because of its rarity, historical importance, and excellent preservation. It is a prized item in the world of numismatics, representing the excitement of coin collecting and the rewards that come with patience and luck.
FAQs
What makes the 1916-D Mercury Dime so rare?
Its rarity stems from a low mintage of only 264,000 and the difficulty in finding well-preserved specimens.
How do I confirm if my 1916-D Mercury Dime is authentic?
Have it certified by reputable grading services like PCGS or NGC to ensure authenticity and avoid counterfeits.
Why is the Full Bands designation important?
Full Bands indicate a strong strike with clear horizontal bands on the fasces, greatly enhancing the coin’s value.
Are other Mercury Dimes worth collecting?
Yes, some dates and mintmarks, especially in high-grade condition, are also highly valuable to collectors.
