The 1918-D, 1919-D, 1919-S, 1942/41, 1942/41-D, and 1945 issues are the rarest complete band Mercury Dimes. The 1918-S, 1920-D, 1926-S, and 1927-D are likewise in short supply. Mercury dimes in choice to gem condition may be purchased for surprisingly low prices. A very fine example can sell for as much as $35,000.
Mercury bands were interchangeable with Copper, Aluminum, Nickel, Steel, and Zinc coins. They were produced by the United States Mint from 1908 to 1958. Prior to that time, the term "mercury dime" was not used to describe these coins; instead, they were called "10-cent pieces" or simply "dimes."
Like other U.S. coinage, mercury dimes were designed by George W. Morgan and his assistants. However, since 1902, when President Theodore Roosevelt ordered that silver should no longer be used in making coins, all U.S. coins have been made exclusively out of copper or zinc. Before this change, mercury dimes were used primarily as filler coins - that is, they were placed inside silver containers as well as being circulated as cash.
In 1873, 75 percent silver was required by law to be contained in U.S. coins. This percentage was reduced to 50 percent in 1978. Therefore, most coins dating from 1890 to 1928 contain 95 percent silver while those dated before 1890 contain 80 percent silver.
Some Mercury dimes are scarce, such as the well-known 1916-D key date, yet many others are plentiful. That is undoubtedly true of the 1942 Mercury dime, which was struck by the many millions of... pricing for 1942 Mercury dimes
|Issue||Extremely Fine-40||Mint State-65|
This Complete Mercury Dime Set Album, 1916–1945, is a must-have for every type of collector. The set contains 77 Mercury Dimes, each weighing 0.07234 troy oz and crafted of 90% pure silver. In addition, the collection includes a 1916 D Mercury Dime graded Fair 2 by NGC. Lady Liberty has a winged Phrygian hat on the obverse. On the reverse is an eagle with outstretched wings and wreaths on its tail and head. Under its right foot is an olive branch and under its left foot is an arrow pointing forward. This coin was likely used as a prototype for subsequent years' designs.
The average weight of a 1916 Mercury dime is 4.34 grams (154.80 grains).
This is also a great opportunity for young collectors to learn more about our nation's history through coin collecting. Each coin in the collection has information about issues dated between 1916 and 1945 as well as the year each coin was issued.
Mercury dimes were first struck in 1915 at three different facilities across America. These coins are distinguished by their quality control standards, which resulted in similar designs, styles, and qualities among coins produced at each facility. However, due to differences in equipment and processes, no two coins are exactly alike.
Each coin in this collection was produced using modern technology and quality control measures. However, some variations in design and markings can be found on individual coins. These variations result from changes made by various organizations during the production process.
Liberty with Wings Mercury dimes, commonly known as head dimes, are extremely rare. They do, however, appear in circulation from time to time. There have been a few notable business strikes, including the 1916-D, 1921, and 1921-D. There are also some uncommon variations, such as the 1942/1 and 1942/1-D overdates. These may be found with other markings or varieties.
Like all Mercury coins, Liberty with Wings dimes were designed by Charles E. Barber. However, since they have H on one side and M on the other, they could not be used to redeem war bonds like other Mercury coins did. Instead, they were given out as gifts to customers who had their cheques paid by the bank instead of cash.
The value of these coins depends on two factors: how many are known to exist and their quality. There are probably only a few hundred heads in private collections. Most remain in the banks where they were received as payment for checks. The best examples are bright, clean specimens with no signs of wear and tear. They sell for up to $15,000 at auction. Lower-quality heads are more common and can be found for as little as $5 at yard sales or buy-back programs by coin dealers.
It is estimated that only about 20 percent of the millions of dollars worth of Mercury dimes produced during World War II were actually redeemed.
The Most Expensive Mercury Dimes A complete set with main variations costs somewhat less than $10,000 in XF40, whereas the same set with FB in the top grade of MS67 costs an astonishing $750,000! The most well-known overdates are those produced in the Philadelphia or Denver Mints between 1942 and 1941. These have H on one side and F on the other.
In general, sets from the Philadelphia Mint are more valuable than those from the Denver Mint because they are rarer. However, sets from both mints are very attractive and worth considering for the collector.
Mercury dimes were first issued in 1892 and discontinued in 1945. Although much lower-quality coins were sometimes called "mercury dimes", only the higher-quality strikes from the Philadelphia and Denver mints are considered true mercury dimes.
Higher-quality coins are also known as "proof" or "50 State Quarters". Proof coins are graded by the United States Treasury Department according to how well their surfaces retain their original luster. 50 State Quarters are distinguished by having state symbols on each side of the coin. These symbols were originally chosen because they were the only two sides that could be used on a single coin. Today, however, many of these coins have third sides that bear different symbols.
Lower-quality coins are usually referred to by collectors as "uncirculated" or "AU".