The 1919-S Mercury dime is a rare and sought-after coin that holds great historical significance and value. Coins with the coveted full bands designation are even more valuable, with one example fetching an impressive $132,000 at auction. This guide delves into the coin’s features, history, and why it is treasured by collectors.
What Is the 1919-S Mercury Dime?
The 1919-S Mercury dime is part of the Mercury dime series, minted between 1916 and 1945. Produced at the San Francisco Mint, the coin is easily identified by its “S” mintmark. Designed by Adolph A. Weinman, the dime’s obverse features the Winged Liberty Head, often mistaken for the Roman god Mercury, while the reverse shows a fasces and olive branch, symbolizing unity and peace.
Key Features of the 1919-S Mercury Dime
1. Full Bands Designation
Coins with full bands show sharply defined and fully separated horizontal bands on the fasces on the reverse. This detail signifies a superior strike and greatly enhances the coin’s rarity and value.
2. Mintmark
The “S” mintmark, located on the reverse near the fasces, indicates that the coin was struck at the San Francisco Mint.
3. Condition and Grading
A coin’s value depends on its grade, determined using the Sheldon Scale. Full bands examples in Mint State (MS) grades are extremely scarce and command premium prices.
Why Is the 1919-S Mercury Dime Valuable?
The value of the 1919-S Mercury dime with full bands stems from several factors:
- Limited High-Grade Surviving Examples: Coins from this era, particularly with full bands, are rare in excellent condition.
- Historical Significance: Minted shortly after World War I, it represents a pivotal period in U.S. history.
- Full Bands Rarity: Full bands examples are a small subset of the remaining 1919-S dimes.
Auction Value of the 1919-S Mercury Dime
The 1919-S Mercury dime with full bands achieved a stunning sale price of $132,000, highlighting its significance and desirability among collectors.
Comparison Table of Mercury Dimes
| Year | Mintmark | Full Bands? | Condition | Value Range ($) |
|---|---|---|---|---|
| 1916 | D | Yes | MS67+ | 150,000–195,500 |
| 1918 | S | Yes | MS66+ | 120,000–144,000 |
| 1919 | S | Yes | MS65+ | 110,000–132,000 |
How to Identify a 1919-S Mercury Dime
1. Year and Mintmark
The obverse shows the year “1919,” while the reverse includes the “S” mintmark near the fasces.
2. Full Bands Feature
Inspect the horizontal bands on the fasces with a magnifying glass. Full bands are sharp, distinct, and uninterrupted.
3. Overall Condition
Check the coin for minimal wear, sharp details, and original luster, which indicate a higher grade.
Tips for Evaluating and Selling
1. Professional Grading
Have your coin graded by a trusted service like PCGS or NGC to authenticate its grade and verify the full bands designation.
2. Research the Market
Study recent auction results and collector trends to understand its potential value.
3. Protect Your Coin
Store the coin in a secure holder to prevent wear and damage.
4. Choose a Trusted Dealer
Work with reputable coin dealers or auction houses for a smooth selling process and fair price.
Investing in Rare Coins
Rare coins like the 1919-S Mercury dime offer a mix of historical value and investment potential. While the market for rare coins can fluctuate, examples with full bands consistently attract high prices due to their rarity and desirability.
Conclusion
The 1919-S Mercury dime with full bands is an extraordinary piece of numismatic history. Its stunning design, rarity, and historical importance make it a prized possession for collectors. Whether you’re a seasoned collector or a beginner, owning such a coin is both a privilege and a sound investment.
FAQs
1. What makes the 1919-S Mercury dime so valuable?
Its rarity, especially in high grades with full bands, and its historical context significantly increase its value.
2. What are full bands on a Mercury dime?
Full bands refer to the distinct and fully separated horizontal bands on the fasces, indicating a high-quality strike.
3. How much is the 1919-S Mercury dime worth?
Depending on its condition and whether it has full bands, its value ranges from a few hundred dollars to $132,000.
4. Where can I sell a 1919-S Mercury dime?
You can sell it through coin dealers, reputable auction houses, or specialized online marketplaces.
5. Are other Mercury dimes as valuable as the 1919-S?
Yes, other rare Mercury dimes like the 1916-D and 1918-S with full bands are also highly valued.