The 1916-D Mercury Dime stands as a pinnacle of numismatic rarity and allure. With its limited mintage and rich history, this coin captivates collectors and investors alike.
Understanding the 1916-D 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 obverse features Lady Liberty donning a winged cap, symbolizing freedom of thought. The reverse showcases a fasces beside an olive branch, representing strength and peace.
Rarity and Mintage of the 1916-D Mercury Dime
Among the Mercury Dimes, the 1916-D is particularly scarce. The Denver Mint produced only 264,000 coins, the series’s lowest mintage. This limited production was due to the Mint’s shift in focus to quarter-dollar coins during that period.
Value and Market Significance
The value of a 1916-D Mercury Dime varies significantly based on its condition. In lower grades, such as Good (G-4), the coin can command prices ranging from $800 to $1,000.
However, in Mint State (MS) conditions, especially those with the Full Bands (FB) designation, values can soar into the tens or even hundreds of thousands of dollars. For instance, an MS67 FB example has fetched over $200,000 at auction.
Key Features to Identify the 1916-D Mercury Dime
- Mint Mark: Located on the reverse, to the right of the “E” in “ONE,” the “D” signifies the Denver Mint.
- Full Bands (FB) Designation refers to the horizontal bands on the fasces being fully separated and distinct. Coins with this feature are highly sought after due to their sharp strikes and enhanced detail.
| Mint Location | Mint Mark | Mintage |
|---|---|---|
| Philadelphia | None | 22,180,080 |
| San Francisco | S | 10,450,000 |
| Denver | D | 264,000 |
Collecting Tips for the 1916-D Mercury Dime
- Authentication: Due to its value, the 1916-D is often counterfeited by adding a fake “D” mint mark to Philadelphia-minted coins. Having the coin authenticated by reputable grading services like PCGS or NGC is crucial.
- Condition Assessment: The coin’s grade significantly impacts its value. Even slight differences in condition can lead to substantial price variations.
- Market Research: Stay informed about current market trends and recent auction results to make educated purchasing or selling decisions.
FAQs
Why is the 1916-D Mercury Dime so valuable?
Its value stems from its low mintage of 264,000 coins, making it the rarest in the Mercury Dime series.
What does the “D” mint mark signify?
The “D” indicates that the coin was minted at the Denver Mint.
What is the Full Bands (FB) designation?
This refers to the horizontal bands on the fasces being fully separated and distinct, indicating a sharp strike.
How can I authenticate a 1916-D Mercury Dime?
It’s advisable to consult reputable grading services like PCGS or NGC for authentication.
What factors most influence the coin’s value?
The coin’s condition (grade), the presence of Full Bands, and market demand are primary factors affecting its value.
