The 1918-S Mercury dime is a fascinating and rare piece of American coinage. Coins with the coveted full bands designation are especially sought after, with one example selling for a stunning $144,000 at auction. Let’s explore what makes this coin so special, its historical context, and why collectors treasure it.
What Is the 1918-S Mercury Dime?
The 1918-S Mercury dime is part of the Mercury dime series, minted from 1916 to 1945. Produced at the San Francisco Mint, as indicated by the “S” mintmark, this dime is notable for its intricate design by Adolph A. Weinman. The obverse features the Winged Liberty Head, often confused with the Roman god Mercury, while the reverse showcases a fasces and olive branch, symbolizing unity and peace.
Key Features of the 1918-S Mercury Dime
1. Full Bands Designation
A coin earns the full bands designation when the horizontal bands on the fasces are sharply defined and fully separated. This feature indicates a high-quality strike and significantly increases the coin’s value.
2. Mintmark
The “S” mintmark, found on the reverse side near the fasces, denotes that the coin was minted at the San Francisco Mint.
3. Condition and Grading
The coin’s condition, graded on the Sheldon Scale (ranging from Poor-1 to Mint State-70), plays a critical role in its valuation. Full bands examples in Mint State (MS) grades are extremely rare.
Why Is the 1918-S Mercury Dime Valuable?
The 1918-S Mercury dime’s value comes from several factors:
- Low Survival Rate: Few 1918-S dimes with full bands remain in excellent condition.
- Historical Significance: As a product of the San Francisco Mint during World War I, it holds cultural and historical importance.
- Full Bands Rarity: Full bands examples represent a small fraction of surviving coins.
Auction Value of the 1918-S Mercury Dime
The highest recorded price for a 1918-S Mercury dime with full bands is $144,000. This sale highlights the rarity and desirability of this exceptional coin.
Comparison Table of Mercury Dimes
| Year | Mintmark | Full Bands? | Condition | Value Range ($) |
|---|---|---|---|---|
| 1916 | D | Yes | MS67+ | 150,000–195,500 |
| 1918 | S | Yes | MS66+ | 120,000–144,000 |
| 1919 | D | Yes | MS65+ | 150,000–218,500 |
How to Identify a 1918-S Mercury Dime
1. Look for the Year and Mintmark
The obverse displays the year “1918,” while the reverse features the “S” mintmark near the fasces.
2. Inspect the Full Bands
Use a magnifying glass to examine the horizontal bands on the fasces. Full bands must be distinct and unbroken.
3. Evaluate Condition
Check for luster, sharp details, and minimal wear. These are indicators of a higher grade.
Tips for Evaluating and Selling Your Coin
1. Professional Grading
Submit your coin to a reputable grading service like PCGS or NGC to confirm its grade and authenticity.
2. Understand the Market
Research recent auction results to gauge your coin’s potential value.
3. Preserve the Coin
Store the coin in a protective holder to maintain its condition and prevent damage.
4. Choose a Reputable Seller
Work with established coin dealers or auction houses to ensure you get the best price.
Investing in Rare Coins
Rare coins like the 1918-S Mercury dime offer a unique blend of history, artistry, and investment potential. While values can fluctuate, full bands Mercury dimes tend to appreciate over time due to their rarity and demand.
Conclusion
The 1918-S Mercury dime with full bands is a remarkable coin that continues to captivate collectors worldwide. Its rarity, exceptional design, and historical importance make it a standout in numismatics. Whether you’re an avid collector or just starting, this coin represents a tangible piece of history and a sound investment.
FAQs
1. Why is the 1918-S Mercury dime so rare?
The combination of a low survival rate and the scarcity of full bands examples makes it rare.
2. What are full bands on a Mercury dime?
Full bands refer to the sharply defined, fully separated bands on the fasces on the coin’s reverse.
3. How much is a 1918-S Mercury dime worth?
Depending on condition and whether it has full bands, it can range from a few hundred dollars to $144,000.
4. Where can I sell a 1918-S Mercury dime?
You can sell it through coin dealers, auction houses, or online marketplaces specializing in rare coins.
5. Are other Mercury dimes as valuable as the 1918-S?
Yes, coins like the 1916-D and 1919-D with full bands also command high prices.