The 1916 Mercury dimes have value as both numismatic coins and as silver bullion. Keep reading to learn more about these silver coins.
Specifications
Type: Mercury Dime
Year: 1916
Face Value: $0.10
Composition: 90% silver, 10% copper
Silver Weight: .07234 oz.
Total Weight: 2.5 grams
Current Silver Bullion Value: $1.98
Mercury dimes are also known as Winged Liberty Head dimes. The US minted the 1916 Mercury dime with no mint mark and also the 1916 D Mercury dime and 1916 S Mercury dime. The mint mark, when present, can be found on the reverse side of the coin.
| Series | Location | Quantity Minted |
|---|---|---|
| 1916 | Philadelphia | 22,180,080 |
| 1916 D | Denver | 264,000 |
| 1916 S | San Francisco | 10,450,000 |
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $1.98. This melt value is calculated from the current silver spot price of $27.36 per ounce.
The 1916 Mercury dime with no mint mark is worth around $4.50 in good condition. In very fine condition the value is around $10. In extremely fine condition the value is around $15. In uncirculated condition the price is around $45 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $155.
The 1916 D Mercury dime is very rare and valuable in any condition. This coin is worth around $1,200 in good condition. In very fine condition the value is around $4,500. In extremely fine condition the value is around $6,500. In uncirculated condition the price is around $13,000 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $30,000.
Lastly the 1916 S Mercury dime is worth around $4.50 in good condition. In very fine condition the value is around $15. In extremely fine condition the value is around $25. In uncirculated condition the price is around $50 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $275.
Grading System
Good- The date and the letters are clear. The bands and lines in the fasces have been completely worn away.
Very fine- Each of the diagonal bands are completely visible.
Extremely fine- There is only a small amount of wear on the diagonal bands. Liberty's braids and the hair before her ear are completely visible.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
Sources:
The Red Book
See also: