In a remarkable twist of fate, an ordinary coin purse tucked away in an attic unveiled a treasure: a 1916-D Mercury Dime valued at over $200,000.
This discovery underscores the hidden wealth that can lie unnoticed in everyday items, especially when it comes to rare coins.
The 1916-D Mercury Dime: A Collector’s Dream
The 1916-D Mercury Dime holds a special place in numismatic circles due to its rarity and historical significance.
Minted in Denver, only 264,000 of these dimes were produced, making it the lowest mintage of the Mercury Dime series.
Key Features
- Obverse Design: Features Lady Liberty wearing a winged cap, symbolizing freedom of thought.
- Reverse Design: Displays a fasces, symbolizing unity and strength, accompanied by an olive branch.
- Mint Mark: A small “D” located on the reverse side, indicating the Denver Mint.
Why Is It So Valuable?
Several factors contribute to the high value of the 1916-D Mercury Dime:
- Low Mintage: With only 264,000 coins minted, it’s the rarest in the Mercury Dime series.
- Historical Context: Released during World War I, many coins were lost or heavily circulated, making well-preserved examples scarce.
- Full Bands Designation: Coins exhibiting fully separated horizontal bands on the fasces are classified as “Full Bands” (FB), indicating a strong strike and adding significant value.
- Mint State Condition: Coins graded as Mint State (MS) are uncirculated and retain their original luster. Higher MS grades correlate with higher values.
Notable Auction Sales
The 1916-D Mercury Dime has fetched impressive prices at auctions:
- MS67 Full Bands: Sold for $207,000 in 2010.
- MS67 Full Bands: Valued at $235,000 in 2025.
These figures highlight the coin’s desirability and the premium collectors are willing to pay for top-grade specimens.
Value Based on Condition
| Grade | Estimated Value (USD) |
|---|---|
| Good (G-4) | $1,200 – $1,800 |
| Very Fine (VF-20) | $4,800 – $7,200 |
| Extremely Fine (EF-40) | $9,700 – $14,900 |
| About Uncirculated (AU-50) | $14,900 – $31,900 |
| Mint State (MS-60) | $31,900 – $55,000 |
| MS-67 Full Bands | $207,000 – $235,000 |
Note: Values are approximate and can vary based on market demand and coin condition.
Recent Discoveries
The allure of the 1916-D Mercury Dime continues to captivate collectors and treasure hunters:
- 2019: A construction worker in Pennsylvania discovered a 1916-D Mercury Dime in circulated condition while sorting through his change. The coin sold for over $4,000.
- 2021: A family in Minnesota found a 1916-D Mercury Dime in their grandmother’s old coin jar, which was subsequently authenticated and valued at approximately $9,000.
- 2023: A roll hunter searching through bank-obtained dime rolls discovered a 1916-D in Fine condition, which was later sold at auction for $2,800.
These stories fuel the hope that more such treasures remain hidden, waiting to be discovered.
Identifying a Genuine 1916-D Mercury Dime
To determine if you possess this rare coin:
- Check the Date: Ensure the coin shows “1916” on the obverse (front).
- Look for the “D” Mint Mark: Located on the reverse, near the bottom rim.
- Assess the Condition: Coins with sharp details and minimal wear are more valuable.
- Verify Full Bands: Examine the fasces on the reverse for fully separated horizontal bands.
- Authenticate: Due to counterfeits, it’s advisable to have the coin certified by reputable grading services like PCGS or NGC.
The discovery of a 1916-D Mercury Dime in an old coin purse serves as a compelling reminder of the hidden treasures that may lie in our homes. Its rarity, historical significance, and the thrill of the hunt make it a coveted piece among collectors.
Whether you’re a seasoned numismatist or a curious novice, it’s worth taking a closer look at those old coins—you might just find a fortune.
FAQs
What makes the 1916-D Mercury Dime so valuable?
Its low mintage, historical context, and the desirability of high-grade specimens with Full Bands contribute to its high value.
How can I verify if my Mercury Dime is authentic?
Consult reputable grading services like PCGS or NGC for authentication and certification, especially since counterfeit versions are common.
Are other Mercury Dimes valuable?
Yes, certain dates and mintmarks, especially those with low mintage or unique features, can be highly valuable, particularly in high-grade conditions.
What is the significance of the Full Bands designation?
It indicates a strong strike with fully separated horizontal bands on the fasces, adding significant value to the coin.