Coin collectors and hobbyists, especially those who love finding rare treasures, should keep an eye out for the 1916-D Mercury dime. This special coin can fetch up to $18,000 if it meets certain conditions, particularly the “Full Bands” detail on the back. The Mercury dime series, minted from 1916 to 1945, is admired for its elegant design and historical importance, but the 1916-D dime is one of the most valuable coins in this collection.
What Makes the 1916-D Mercury Dime Special?
The 1916-D Mercury dime was produced at the Denver Mint and is a key date for collectors. Fewer of these dimes were made compared to others in the series, making it a highly desirable find. However, not every 1916-D Mercury dime will sell for top dollar. The coin must feature a “Full Bands” detail on the back, which refers to the horizontal bands on the bundle of rods with an axe shown on the reverse side.
Full Bands Detail
The Full Bands designation means the bands are fully separated and sharply struck. This indicates a well-made coin and is rare, which makes it much more valuable. Coins with Full Bands can command thousands of dollars, even in lower mint states (MS) like MS60 or MS61.
The Value of an MS61 Full Bands Mercury Dime
Higher-grade 1916-D Mercury dimes in MS63 or MS65 are priced too high for many collectors, but the MS61 Full Bands version is still affordable while offering strong visual appeal. These coins often have sharp strikes, bright toning, and minimal wear, making them a great choice for collectors who want quality without paying for the top grades. One famous example was once owned by William L. Parkinson, whose coin had striking green and gold toning along the edges, adding to its value.
Why Patience Pays Off for Collectors
Finding a 1916-D Mercury dime with Full Bands is no easy task. These coins are rare, and collectors must be patient while searching. However, for those willing to wait, the reward can be significant. If you find one of these coins, especially with Full Bands, you could add a valuable and sought-after piece to your collection.
Table: Key Facts About the 1916-D Mercury Dime
Detail | Information |
---|---|
Mint | Denver |
Weight | 2.49 grams |
Composition | 90% Silver, 10% Copper |
PCGS Number | 4907 |
Value | Up to $18,000 (Full Bands examples) |
Condition | MS61 Full Bands |
Key Details About the 1916-D Mercury Dime
- Mint: Denver
- Weight: 2.49 grams
- Composition: 90% Silver, 10% Copper
- PCGS Number: 4907
- Estimated Value: Up to $18,000 for Full Bands examples
- Coin Condition to Look For: MS61 Full Bands
Conclusion
The 1916-D Mercury dime is a prized collectible that can bring in a significant amount of money if it has the Full Bands detail. For collectors, the MS61 Full Bands version is an excellent option due to its balance between affordability and eye appeal. While finding one requires patience and a good eye, the payoff can be rewarding. Whether you’re an experienced collector or just starting, this coin is one you don’t want to miss.
FAQ’s
What makes the Full Bands detail so important?
The Full Bands detail shows that the coin was struck with great care, making it rarer and more valuable.
How much can a 1916-D Mercury dime be worth?
A 1916-D Mercury dime with Full Bands can be worth up to $18,000.
Why is the MS61 grade recommended for collectors?
The MS61 grade offers a good balance between price and visual appeal, making it a solid choice for budget-conscious collectors.