1916-D Mercury dime with full bands value $195,500

The 1916-D Mercury dime is one of the most coveted coins in American numismatics, and when it features full bands, its value skyrockets. With an auction record of $195,500, this coin symbolizes rarity and historical significance. Let’s dive into what makes this coin so special and why collectors cherish it.

What Is the 1916-D Mercury Dime?

The 1916-D Mercury dime is part of the first year of the Mercury dime series, minted between 1916 and 1945. The coin was produced at the Denver Mint, which is signified by the “D” mintmark. Its design by Adolph A. Weinman features the Winged Liberty Head, often mistaken for Mercury, the Roman god of speed and commerce.

Key Features of the 1916-D Mercury Dime

1. Full Bands Designation

The term full bands refers to the sharply defined and fully separated horizontal bands on the fasces (a bundle of sticks with an axe) on the reverse of the coin. This feature is essential for grading and significantly impacts the coin’s value.

2. Low Mintage

The 1916-D Mercury dime had a mintage of only 264,000, making it the rarest of the series.

3. Condition and Grading

The coin’s condition and grade are critical in determining its value. A high-grade coin with full bands is extremely rare and highly sought after.

Why Is the 1916-D Mercury Dime Valuable?

Several factors contribute to the immense value of this coin:

  • Low Mintage: With only 264,000 coins minted, it is the lowest mintage Mercury dime.
  • Full Bands Rarity: Very few surviving specimens feature full bands, making them exceptionally scarce.
  • Historical Significance: As the first year of the series, it holds unique appeal to collectors.

Auction Value of the 1916-D Mercury Dime

The highest recorded sale for a 1916-D Mercury dime with full bands was $195,500. This value reflects its pristine condition, rarity, and full bands designation.

Comparison Table of Mercury Dimes

YearMintmarkFull Bands?ConditionValue Range ($)
1916DYesMS67+150,000–195,500
1919DYesMS65+150,000–218,500
1945SNoMS6010–50

How to Identify a 1916-D Mercury Dime

To identify this rare coin:

  • Check the Date: The year “1916” should appear on the obverse.
  • Look for the Mintmark: The “D” mintmark is located on the reverse, just to the left of the fasces.
  • Examine the Full Bands: Use a magnifying glass to check the fasces for sharply defined and fully separated bands.

Tips for Evaluating and Selling a 1916-D Mercury Dime

1. Evaluate Condition

Look for wear and imperfections. A professional grading service like PCGS or NGC can provide an accurate grade.

2. Authenticate the Mintmark

Ensure the “D” mintmark is authentic and has not been altered.

3. Find Full Bands

Coins with full bands fetch significantly higher prices.

4. Choose the Right Selling Platform

Sell your coin through reputable auction houses, coin dealers, or online marketplaces specializing in rare coins.

Investing in Rare Coins: Why It Matters

Rare coins like the 1916-D Mercury dime not only hold historical and aesthetic value but are also considered sound investments. Their rarity and demand often lead to long-term value appreciation.

Conclusion

The 1916-D Mercury dime with full bands is a legendary coin that excites collectors and investors alike. Its rarity, historical significance, and aesthetic beauty make it a prized possession in the world of numismatics. Whether you’re a seasoned collector or a newcomer, owning a piece of history like this is both thrilling and rewarding.

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FAQs

1. Why is the 1916-D Mercury dime so rare?

Its low mintage of only 264,000 and the scarcity of full bands examples make it rare.

2. What are full bands, and why do they matter?

Full bands refer to the sharply defined bands on the fasces on the coin’s reverse. They indicate a well-struck coin and add to its value.

3. How can I determine the value of my 1916-D Mercury dime?

The value depends on its condition, grade, and whether it has full bands. A professional grading service can help assess its worth.

4. Where can I sell a 1916-D Mercury dime?

You can sell it through coin dealers, online marketplaces, or auction houses specializing in rare coins.

5. Are there other valuable Mercury dimes?

Yes, examples include the 1919-D with full bands and the 1942/1 overdate Mercury dimes.

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