What is a Mercury Dime Worth?
What is a Mercury Dime Worth?
A Mercury Dime is often worth more than ten cents. The Mercury Dime's true value lies in many factors, including the year it was minted, its condition and its rarity. These dimes are one of the most influential 10-cent denomination coins produced by the United States Mint. From its introduction 1916, the Mercury Dime continues to be met with positive reviews. Sought by numismatists around the world, the Mercury Dime's value ranges from actual face value up to $15,000. (The Fun Times Guide - Coins)
The Mercury Dime's design was misconstrued when it was introduced. Many critics argued that it was the design of the god Mercury. Others believed it was a model wearing a Phrygian cap. The controversy spurned many theories about the designer, Adolph Weinman, and his design. The intrigue is one of the factors that makes this coin an appealing collector's item.
Factors that Affect Mercury Dime Price
In its 29 years of production, the Mercury Dime saw changes in minting, varying metals supply and significant world events that helped shape the production of the Mercury Dime. Some of the factors that affect the Mercury Dime price include:
- Minting year: From 1916 to 1930, the Mercury Dime was struck in large quantities. The exception to this was in 1922 when President Warren G. Harding ordered a halt to production. The 1923 Mercury Dime is a popular collectible coin because it was the first after the brief pause in production. Mercury Dime minting stopped entirely again in 1932 and 1933.
- History: Each dime was minted during a time in American history that saw two World Wars, an economic depression and a nationwide shortage of Precious Metals. History plays an ever-important role in the value of the Mercury Dime. Depending on the year of the dime, you may find extended value.
- Condition: One of the downsides of owning a coin minted in the early 20th century is the condition will inevitably vary. The condition of any coin is an important factor in determining the value. There are Mercury Dimes today that are in excellent condition. Some are also rated and graded by PCGS and NGC, the two most respected coin grading services in the world, which of course adds further value.
- Rarity: In some years, the minting was relatively low while others saw high mintage numbers. If you are interested in a higher valued dime, search for the years that have very little mintage.
How much are Mercury Dimes Worth?
Mercury Dimes are worth quite a bit if you have the right year. Here you will find information on how much some Mercury Dimes are worth.
1916-D Mercury Dime: This is the key date of the series as only 264,000 were minted at the Denver Mint in the initial year. An uncirculated coin can run from $10,000 to $15,000.
1921 Mercury Dime: Though there were significantly more minted in this year, it is one of the hardest to find. Value can range from $50 to $1,000.
1940 Mercury Dime: The 1940 Mercury Dimes saw a fairly low mintage production because of the increased demand for Silver for wartime efforts. A good uncirculated 1940 Mercury Dime can go anywhere from $40 to $800.
1942 Mercury Dimes: A 1942/41 overdate example can be found with the 1942 Mercury Dimes. These dimes were minted in the middle of World War II and circulated widely in an effort to help the economy during the war. These dimes can range from $35 to $1,000. (The Fun Times Guide - Coins)
A Mercury Dime's worth will depend on its condition and year it was minted, but if you have the opportunity to collect these rare coins, it will add value to your collection or portfolio.