The 1916-D Mercury Dime Full Band Business Strike is one of the most valuable and sought-after coins in U.S. numismatic history. Valued at a staggering $207,000, this coin continues to fascinate collectors and coin enthusiasts. In this article, we’ll explore the origins, unique characteristics, and reasons behind the immense value of this rare piece.
History of the 1916-D Mercury Dime
The Mercury Dime series was introduced in 1916 to replace the Barber Dime. Designed by Adolph A. Weinman, the coin features a profile of Liberty wearing a winged cap, symbolizing freedom of thought. The reverse showcases a fasces and olive branch, representing strength and peace.
The Denver Mint Production
Out of the three mints producing the Mercury Dime in 1916 (Philadelphia, San Francisco, and Denver), the Denver Mint struck only 264,000 pieces. This limited production makes the 1916-D version exceptionally rare, especially in pristine condition.
What Makes the 1916-D Mercury Dime Special?
Several factors contribute to the high value of this dime:
- Mintage: Only 264,000 were minted, compared to millions from other mints.
- Condition: Finding one in Full Band (FB) condition is extremely rare.
- Full Bands: This designation refers to the complete and distinct separation of the bands on the fasces, indicating a strong strike.
- Rarity in Circulation: Despite its high value, a few are still in circulation.
Why Is It Worth $207,000?
The coin’s high value stems from a combination of rarity, condition, and the demand from collectors. A 1916-D Mercury Dime in Full Band condition can fetch up to $207,000 at auctions. Coins graded MS-66 or higher with Full Band details are considered exceptionally valuable.
| Feature | Details |
|---|---|
| Year | 1916 |
| Mint | Denver (D) |
| Designer | Adolph A. Weinman |
| Composition | 90% Silver, 10% Copper |
| Diameter | 17.9 mm |
| Weight | 2.5 g |
| Value (MS-66 FB) | Up to $207,000 |
How to Identify a 1916-D Mercury Dime
To confirm authenticity:
- Look for the ‘D’ mint mark on the reverse.
- Check the band details for the Full Band designation.
- Inspect the overall condition and signs of wear.
Tips for Collectors
- Authentication: Always buy from reputable dealers.
- Grading: Have the coin professionally graded to confirm its value.
- Storage: Keep the coin in a climate-controlled environment to preserve its condition.
Final Thoughts
The 1916-D Mercury Dime Full Band Business Strike remains a captivating piece of American numismatic history. Its rarity, combined with its unique characteristics, makes it a prized possession for any serious collector.
FAQs
1. What is the significance of the Full Band designation? The Full Band (FB) designation indicates that the central bands on the fasces are fully separated, reflecting a well-struck coin.
2. Why is the 1916-D Mercury Dime so valuable? Its rarity, limited mintage, and the Full Band designation significantly increase its value.
3. Are there fake 1916-D Mercury Dimes? Yes, counterfeit versions exist. Always verify the coin through professional grading.
4. How do I preserve my 1916-D Mercury Dime? Store it in a protective holder in a cool, dry place to prevent tarnishing.
5. Can I still find one in circulation? While extremely rare, a few may still be circulating, but most are in private collections.
